MESSAGE FROM ELENA

In the real estate and mortgage realm, prices remain at a lower point, with everyone anticipating further cuts. This coming Wednesday, July 24th, there will be another overnight rate announcement. There's a good chance the rate will go down by another quarter percent. Last Tuesday, Statistics Canada announced that inflation in Canada decreased to 2.7%, which is a positive sign. The rate cut on June 5th didn't impact the market much, but I believe that after this upcoming cut, buyers will feel more confident about making purchases.

Let's see how it goes this Wednesday.

Feel free to call, text, or email me with any questions.

Regards,
Elena

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ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603