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Gary Sims
REALTOR®
(250) 881-4117
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Posts from September 15th, 2024

Gary Sims Victoria Homes Blog

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September
15

We are pleased to announce this week's New Video!

The Bank of Canada's overnight rates have just dropped by 25 basis points or 0.25% which is the 3rd drop in a row. I'm going to break down what this rate drop means for you and a Bank of Canada interest rate forecast of what I think is going to happen in the next while. Whether you're thinking about buying your first home, moving up, or refinancing, this little dip could mean big savings for you.

You may be asking yourself "Interest rates are decreasing, what should I do now?" I am going to provide some analysis to help you determine whether now is the best time to buy or sell or if you should wait.

As always, we appreciate your comments and suggestions. Also we would appreciate your ideas on topics that you think would benefit people like you who are entering or moving around in the Greater Victoria real estate market.

Please take a few minutes to view our new video and please help us to get the word out about our site by "Liking" the video, "Sharing" it with a friend or two, and "Subscribing" to our YouTube Channel. This helps us to produce future videos.

You can view this video at this link: (Video:101)

Bank of CANADA Interest Rate FORECAST - What Do We DO NOW?

or

Click the Picture Above

Enjoy!
Gary and Rosemary
We Love People and We Love Homes!

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/27/2026. The listing information on this page last changed on 04/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/27/2026 12:29:51 AM EST) or VREB MLS (last updated Sun 04/26/2026 10:31:09 PM EST). Real estate listings held by brokerage firms other than DFH Real Estate LTD may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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