Posted On Sep 26, 2023

A quick update on the mortgage market:

- Core inflation continues to rise, causing pressure to increase fixed and variable rates
- Home inventory is rising but sales are dropping, which could lead to price reductions
- Bank of Canada is expected to increase the overnight rate (likely October)
- Rates aren't expected to decrease until end of 2024
- Mortgage growth hit the lowest level since 2001



Danny Bell, AMP
Mortgage Broker | Lic.#M13001996
C. 289-200-9061
T. 905-426-4200
W. www.strictly-business.ca 
The Mortgage Centre
Durhammortgage.com Ltd. | Est. 1993
Reg. #10231

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