Best Time To Sell A House | Evelyn Lopes Realty Team_Blog

Tuesday, February 13, 2024   /   by Evelyn Lopes

How the Overnight Lending Rate Influences Your Financial World

How the Overnight Lending Rate Influences Your Financial World
Ever stopped to think about how a decision made in a high-level banking meeting can affect your mortgage, your savings, and even your entire financial roadmap? It's pretty mind-boggling when you put it into perspective.

Today, we're going to peel back the curtain on one of the banking world's most influential figures – The Bank of Canada's  Overnight Lending Rate, also known as the Key Interest Rate. Understanding this rate is key to grasping the bigger financial picture.
What is the Overnight Lending Rate?
Simply put, the Overnight Lending Rate is the interest rate at which banks lend money to each other. Think of it as the drumbeat to which the entire banking sector marches. It's not just any number; it's the pulse of the banking system, dictating the tempo of their day-to-day lending.
Recently, on January 24, the Bank of Canada made headlines by keeping this rate steady at 5%. This decision is more signc ...

  real estate, evelyn lopes, evelyn lopes realty team, mortgages, bank of canada, bank of canada interest rates, best time to sell a house, canadian real estate, overnight lending rate

Wednesday, December 7, 2022   /   by Evelyn Lopes

SHOULD I SELL my home in Winter?

Are you WONDERING.. WHAT IS THE BEST TIME TO SELL A HOME?

SHOULD I SELL my home in the WINTER?

Deciding on when is the best time to sell a house is an important question to ask. Should I sell now or wait? Is now a good time to sell a house? What should YOU do?

Did you know that waiting for the Spring peak market may NOT be an advantage for some home sellers. In this video uncover 5 key reasons to sell BEFORE the selling season picks up and why selling in the off-season, winter months may be your best choice.

A common thought in real estate is never list your home in the winter offseason. This idea is perpetuated by industry experts, agents and repeat sellers, and the saying encourages many would-be sellers to wait until the spring peak to list their homes. 
 
However, studies show that homes listed in the winter off-season not only sell faster than those in the spring, but sellers also net more at this time.  Waiting until Spring to sell your home may n ...

  real estate, evelyn lopes, evelyn lopes realty team, caledon real estate, brampton real estate, caledon, real estate tips, home selling, best time to sell a house, should i sell my house now

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Information is provided exclusively 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. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 16, 2024
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