P.S. Whenever you’re ready there are 3 ways we can connect. 1 - Book an appointment with me 2 - Check out my weekly podcast, “The Tom Storey Show” 3 - Learn about my partnership with Scott Mcgillivray Video Chapters 1. 0:00 - Introduction: Tiff & The Bank of Canada 2. 0:06 - Bank of Canada Raises Overnight Interest Rate 3. 0:19 - The Surprise Factor and Predicting the Future...
P.S. Whenever you’re ready there are 3 ways we can connect.
1 - Book an appointment with me 📅
https://calendly.com/tomstorey
2 - Check out my weekly podcast, “The Tom Storey Show” 🎙️
https://www.youtube.com/@TheTomStoreyShow
3 - Learn about my partnership with Scott Mcgillivray ✨
https://youtu.be/B1Waset7XOM
Video Chapters
1. 0:00 - Introduction: Tiff & The Bank of Canada
2. 0:06 - Bank of Canada Raises Overnight Interest Rate
3. 0:19 - The Surprise Factor and Predicting the Future
4. 1:00 - Two Sides: Controlling Inflation vs. Impact on Variable Rates
5. 1:29 - Survey Results: Rate Increase Impact on Viewers
6. 2:00 - The Effect on the Real Estate Market
7. 2:44 - Has the Market Already Peaked in 2023?
8. 3:17 - Increase in Inventory and Market Slowdown
9. 3:45 - Buyer Perspectives and Market Shifts
10. 4:28 - Fixed Rate Buyers: A Silver Lining
11. 4:47 - Variable Rate Holders and Trigger Rates
12. 5:03 - The Impact on Foreclosures and Power of Sales
13. 5:28 - Psychological Effects of the Rate Increase
14. 5:39 - Closing Thoughts and Viewer Comments
The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

