Looking ahead in 2024, we will see a bit of a tipping point as many Canadians accept the reality that the era of ultra low interest rates is gone. The Bank of Canada has held its benchmark interest rate at 5% since July 2023, and while today’s rates seem high compared to the record Pandemic lows we witnessed, it is actually just below the long term average of 5.3% of the past 4 decades from 1980 to end of 2023………Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County’s 2023 Year in review and 2024 insights