Dear Thornhill Stakeholders,
The Bank of Canada has reduced its policy rate by 25 basis points to 4.5%, marking the second consecutive rate cut in 2024. The next announcement is scheduled for September 4th, 2024. This decision aims to balance various economic factors, including easing global inflation and modest growth in Canada’s economy.
These rate cuts are expected to support stronger exports and a recovery in household spending and business investment. The Canadian housing market may see increased activity as borrowing costs ease, but market dynamics will continue to evolve.
At Kirby Chan & Co., we are closely monitoring these developments. Whether you are buying, selling, or right-sizing your home, understanding these economic shifts is crucial. We are here to help you navigate these changes and make informed decisions.
Please contact us to discuss how the current economic environment can impact your real estate goals.
Warm regards,
Kirby and Carrie Founders, Kirby Chan & Co.
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Kirby Chan & Co. SOLD Story
Mel & Alastair at 26 Dutch Myrtle Way
"I would recommend Kirby Chan and Co. to our friends and family. We had a fantastic experience with you. We have no regrets. We would use you guys again in the future!"
-Mel & Alastair
Navigating this market can be challenging; contact Kirby Chan & Co, your local real estate experts, for personalized guidance and support.
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www.KirbyChanAndCo.com | info@KirbyChanAndCo.com
4 Wales Avenue, Markham
Hungtington
