Greater Victoria Region Managing Broker David Langlois believes that, with the recent ‘overnight lending interest rate’ reduction may help affordability with most people who have a mortgage, it may not have a “significant financial impact.” He does, however, predict that the market is slowly entering a rate lowering cycle, with potentially “two, possibly three more cuts this year.”
Read on for David’s thoughts on the current market in Victoria, and effects of the recent ban on short-term rentals.
This article originally appeared on Victoria Buzz.
