Real estate market report for October 2023
October has been a slow month with lower sales, however, although median prices are generally lower than last year they probably have not dropped as much as some people were expecting. Also the Bank of Canada did hold their rates at the last meeting on October 25th. Their next meeting, where they announce the interest rate, is scheduled for December 6th. There has been lots of speculation of where interest rates are going and some have predicted that it may be around the middle of 2024 before we start to see them...