Ank  Bohra

Ank Bohra

Sales Representative

Shrine Realty Brokerage Ltd.

Mobile:
(647) 766-0588
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Ank Bohra's blog

The impact of current rate hikes in the real estate market.

The Bank of Canada raised its benchmark interest rate by 0.25% on July 12, 2023, the eighth consecutive increase. This is the highest rate since 2008, and it is an effort by the central bank to cool down the country's overheated housing market.

The rate increase is expected to have a significant impact on the real estate market. It will make it more expensive to borrow money, which could lead to a slowdown in home sales and price growth. A recent poll by Zoocasa found that 70% of respondents said that another interest rate hike by the Bank of Canada would negatively affect their...

Smart Investing

SMART Investing entails making financial decisions based on the following guiding principles:

1)Prevent losing your principle by safeguarding your first investment.

2)Avoid trying to profit quickly by making predictions about transient trends. Instead, to save money on taxes and other expenses, seek for high-quality investments and hold them for a long time.

3)Depending on your risk tolerance and tax efficiency, take into account all of your investing possibilities, including stocks, bonds, and real estate.

Why Buying Property Can Be a Smart Decision Even When Interest Rates are High

If you're considering buying a property, you may be wondering if it's a good idea to do so when interest rates are high. While it's true that high interest rates can make borrowing more expensive, there are several reasons why buying property can still be a smart financial decision

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