Market Commentary May, 2024
Exciting news! The Bank of Canada has just lowered its key interest rate to 4.75 per cent, making it the first rate cut since March 2020. While it may not be a significant decrease, it's definitely a step in the right direction. The impact of this reduction on the housing market remains uncertain for now. We'll need to wait for a few months' worth of data to analyze the effects. However, this move does give potential home buyers more hope for future rate cuts, which could lead to increased buying power. Let's stay tuned and see what unfolds. If you're interested in connecting with a mortgage broker, please reach out to us for a list of our preferred lenders. Until next time!
Inside 3 Homes Designed by Frank Lloyd Wright
One of the most influential architects of all time, Frank Lloyd Wright would have celebrated his 157th birthday this week. His designs are instantly recognizable, innovative, and timeless; each home a masterpiece embodying his vision and dedication. Explore several of his iconic designs which have been represented by Sotheby’s International Realty over the past few years.
Redefining Ottawa with World-Class Vibrant Charm
World-class museums, delectable cuisine and a vibrant arts scene are redefining Canada’s capital city. I’m savouring seared scallops and soy-coconut rice noodles at Gezellig in Westboro, one of Ottawa’s chicest
Five essential questions during a walk-through
As an experienced real estate agent, I know that buying a home for the first time can be intimidating—but it doesn't have to be! A great buying journey often depends on the questions you ask the seller and their agent when visiting the house or apartment.