The decrease in the Bank of Canada's interest rate has helped buyers gain more confidence in the real estate market, but an Ottawa real estate broker says uncertainty remains an issue leaving some buyers skeptical., putting the policy rate at 4.75 per cent, down from the 5 per cent it has been sitting at since July of last year. The next rate announcement is scheduled for July 24.
He notes that buyers should keep in mind that they're always in control, recommending that they shouldn't panic and think that they have to outbid everybody. Not every property listing is actually online, he says, adding that some listing agents might a listing that's not yet on the market, such as an "exclusive" or "pocket listing." Bennett says some of those properties might be a great fit for you, noting that they might not yet be on the market yet, as the seller might be looking for another home before selling.
Towering black smoke filled the evening sky in Richmond, B.C., on Thursday after an industrial fire was sparked near the River Rock Casino.One person has died and three others are in hospital following a shooting at a home in the Woodbridge area in Vaughan.A new poll reveals a stark divide between Quebec and the rest of Canada about whether the country should be bilingual.The Shopping Trends team is independent of the journalists at CTV News.