Bank Of Canada Drops Policy Rate

We are pleased to confirm that on Wednesday, October 23, 2024 the Bank of Canada reduced the policy rate by 50 basis points (-0.5%).

The adjustment is good news to help influence borrowing costs, consumer spending, and overall economic activity in the real estate sector moving forward.

Ideally, even help conclude above seasonal average unit sales this fall as we have already noticed month-to-date throughout October in Wasaga Beach and many of the communities that we serve around Georgian Bay.