What The JUMBO Rate Cut Means For Vancouver Real Estate | Housing Market

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The Bank of Canada surprised no one with a 50bps cut to its key rate on Wednesday.

After a dismal jobs report last week, it became clear the Bank needed to stimulate more aggressively, and has now cut rates by 1.75% since June.

What does this mean for Vancouver real estate as we enter 2025?

In this week's video, we cover what the Bank of Canada's jumbo rate cut means for you as a potential buyer, or a current homeowner, how it will affect the real estate market, and what we can expect in 2025.

We also look at the state of small business in BC, and discuss the upcoming GST holiday implemented by the Federal Government as well.

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ABOUT ME:

I am a real estate agent in Vancouver BC, licensed with Oakwyn Realty Ltd., and am currently working with new clients in Vancouver, Burnaby, New Westminster, Surrey, and other areas of the Lower Mainland of BC. Send me a message if you are looking to move to the area, I've lived in the Vancouver area for over 35 years and know all the ins and outs of the local market!

Please Note: The views and thoughts expressed in this video are my own thoughts & opinions, and this video is designed to be educational and insightful in nature. As every person's real estate journey is different, I recommend you connect with your real estate agent and/or mortgage broker of choice to get more specific real estate advice based on your personal situation and goals.