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Will An Open House Help Sell My Home?

Author: 
Toronto Realty Boutique
Publication date:
December 1, 2022
Article Summary: 

Canada's inflation rate has exceeded expectations, with the latest reading at 3.7%, the third consecutive monthly reading above the Bank of Canada's neutral range. However, the bank believes that elevated consumer prices are temporary and are largely the result of an economy recovering from the pandemic-induced slump. Nonetheless, the bank can only tolerate high inflation for so long before a policy response is required, which could mean a reduction in monetary accommodation. The bond market predicts a quarter-point rate hike over the next year, taking the Bank of Canada's overnight lending rate from its current record low of 0.25% to 0.50%.



Keywords: 

Canada, inflation rate, mortgage rates, shifting rate-hike expectations, Bank of Canada, neutral range, pandemic-induced slump, policy response, asset purchases, quantitative easing program, bond-buying program, fixed-rate mortgages, variable-rate mortgages, prime rate.



Source Citation: 
Toronto Realty Boutique
Will An Open House Help Sell My Home?
December 1, 2022
https://torontorealtyboutique.com/do-open-houses-still-work/
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