Unemployment In Canada Could Lead ToLower Interest Rates in May - July 2024 |
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One factor many have been overlooking is the Canada Unemployment Data, with Job losses increasing, these rates have been on the rise since April 2023.
When people lose jobs they decrease spending in a big way, this could lead to significant changes in Inflation showing up a few months later. continuous increase in unemployment could lead to further delinquencies and financing problems that force the Bank Of Canada to lower interest rates earlier than is currently predicted. Possibly as early as May - July of 2024
As we all know by now, any decrease in interest rates will cause a massive flood of buyers to jump into the housing market in the Fraser Valley as they fear missing out on further gains. |
ROCKSOLD Within 8 Hours |
Fleetwood Buy5 Bed 2 Bath2 Bed Basement SuiteWalking Distance To SkytrainLot 8,649 sqft / 75 x 115 Flat RectangularDetached GarageMULTIPLE OFFERS8622 155 St, Fleetwood Surrey
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West Newton BuyBought For $150,000 Under Asking PriceLong Completion (January)4 Bed 3 BathLot 7,145 sqft 59 x 121 Flat Rectangular3 Bed Upstairs w/2+2 Basement Suite Potential (Total 7 Bed)8260 122A Street, Surrey
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Chilliwack BuyBought For An Incredible PriceCash Flows4 Bed 2 BathLot 8,712 sqft 72 x 121 Flat Rectangular3 Bed Upstairs w/Basement Suite Potential45303 Amadis Cres, Chilliwack
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TOP 1% REALTORat Century21"Your Professionals" |
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Rock Realty, 1267 Johnston Rd, White Rock, BC, Canada |