Canadian Real Estate | 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 ...

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Tuesday, June 13, 2023   /   by Evelyn Lopes

Caledon Ontario | Canadian National Real Estate Market Update |June 2023

Caledon Ontario & The Canadian National Real Estate Market Update June 2023:

Insights for Homeowners and Buyers

If you're a homeowner or thinking about becoming one, you're in the right place! In this blog post, we'll provide you with the latest National Real Estate Market Update for 2023, focusing on the Caledon area and surrounding communities. Whether you're interested in selling or buying a home, stay tuned as we explore the trends, challenges, and opportunities in today's real estate market.

Home Sales in Caledon:

The Caledon area is experiencing a robust real estate market, with home sales surpassing expectations. This can be attributed to rapid population growth and increasing rent prices. However, the number of available listings hasn't kept up with the growing demand, resulting in heightened competition among buyers, especially in specific market segments compared to last year.

In May, the Town of Caledon witnessed 369 home sales across various housing styl; ...

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