May 16, Interest Rates

Exciting Market Update!

We're thrilled to share some insightful market statistics with you in our latest newsletter!

Bank of Canada Interest Rates (June 7):
According to market consensus, the Bank of Canada is expected to maintain its current interest rates in the upcoming announcement on June 7. This anticipated decision opens up an exciting opportunity for prospective homebuyers, as lenders are likely to respond by reducing mortgage rates.

United States Interest Rates (June 14):
Mark your calendars! The United States is gearing up for its own interest rate announcement on June 14. The Federal Reserve is expected to either maintain or potentially raise interest rates, which can have significant implications for global markets. Given Canada's deep reliance on the US as its largest trading partner, it's crucial for us to align our regulations and announcements with those of our neighbors to stay competitive in trade.

Stay tuned for more updates and market insights as we navigate these exciting times together! Don't miss out on the opportunities that lie ahead. #MarketUpdate #EconomicTrends #StayInformed


Kelowna's Booming Population

Super busy spring and summer farming seasons, the central Okanagan is also a tourism hub, it is estimated 1.9 million tourists visited the Okanagan in 2022.

With the government finally reducing all COVID restrictions, expectations are an increase in tourisms this spring and summer.

Kelowna is the fastest growing city in B.C, and the fifth fastest growing city in Canada. One can assume tourists migrate here while falling in love with some of Canadas warmest climates. 

What is not to like? The Central Okangan is a 4-season playground, offering residents golf courses, vineyards and wine tours, brewery's, beaches and boating, ski hills, mountain biking, horse riding and the apologetically friendly Canadian atmosphere.

But the feature I hear most often while dealing with buyers, the most important advantage of the reduced population is the reduced crime rate. It is a great place for a young family raising kids

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