Kyle Wilson
1915 Foxtail Terrace V1P 1T9 Kelowna, BC, Canada

Canadians are on track! During one of the hardest times in recent history, YOU have shown how resilient you are. 74% of all homeowners who utilized the deferral option have resumed payments!!! Keep it going, #kelowna #okanagan #BeInControl

This was the ninth interest rate decision of the year. The overnight rate remains at just 0.25 percent, which is incredible great news for borrowers currently in the market. The Bank of Canada announced it will hold its policy interest rate at what it calls the effective lower bound until economic slack is absorbed. It does not expect this to happen until into 2023. Assuming inflation does not rise to 2% on a sustainable basis, this could mean several more years of low borrow...ing rates. You can review a deeper insight into this reviewing First National commentary here. Reach out to us today and tell us about your unique property you have interest in. We will tell you right away which bank or credit union could be a fit! #beincontrol #kelowna #okanagan