Property Professional South Africa’s Post

This summer has been busy with a significant increase in sales across both residential and commercial sectors. The Bank of Canada's recent rate reduction to 4.25% has sparked renewed momentum, fostering optimism for the coming months.    Watch our latest market update to get detailed insights into the state of Ottawa’s real estate market and what it means for your next move. #MarketUpdate #OttawaRealEstate #OREB #RealEstateTrends #HousingMarket

RBA UPDATE | Effective March 20, 2024 📢 From its March meeting, The Reserve Bank of Australia (RBA) has once again kept the official cash rate on hold at 4.35%. The reasoning behind this decision was highlighted in the board’s post-meeting statement, where they confirmed that “returning inflation to target within a reasonable time frame remains the Board’s highest priority.” 🏛 In an article 📜 by MPA Magazine (AU), the RBA said higher interest rates were working to establish a more sustainable balance between aggregate demand and supply in the economy. Meanwhile, PropTrack believes that the consecutive rate holds has helped boost vendor confidence. According to the property data group, new listings jumped 12% nationally from last year. Melbourne led the capital cities, increasing by 27.8%, closely followed by Sydney on 27.7% year-on-year. New listings were also strong in Canberra (up 13.2%) and Hobart (up 4.3%). Adelaide (up 9.9%) and Brisbane (up 4.8%) recorded more new listings this year than in 2023 as well. While Perth, in contrast, recorded a 0.4% decrease. 📈 Please reach out to our mortgage broker team on ☎️ 03 5911 7000 or ✉️ email broker@smartbusinesssolutions.com.au for any help required. . . #RBA #cashrate #onhold #interestrate #housing #property #mortgagebroker #financialadviser

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/aeBS50SBNnO In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch

📢 Bank of Canada Cuts Key Interest Rate by 50 Basis Points to 3.25% 📢 The Bank of Canada has reduced its policy rate by 50 basis points to 3.25%, marking the fifth consecutive cut this year. This move aims to stimulate economic growth and presents significant implications for the real estate and property management sectors. At Brikli, as we gear up for our launch, we’re building a next-generation platform designed to help landlords and property managers adapt to these economic shifts. Our innovative tools will empower real estate professionals to optimize portfolios, streamline operations, and stay ahead in an evolving market. 💡 Curious about how these changes could shape the industry? Let’s connect and discuss! #RealEstate #PropertyManagement #Innovation #InterestRates #Brikli

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/THaF50SAvWK In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/MSzK50SASHT In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/s26O50SEnT0 In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch #CRE

We don't have much more to add as we think that our Founder, Sandy Mackay has nailed it. Through this balanced approach we can all grow and come out the other side "healthy". So well said Sandy! #marketinsights #marketinterview #ontariorealestatemarket #marketleadership

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/br8050SA0o9 In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch

We are pleased to share Colliers' National Market Snapshot Q2 2024: https://ow.ly/YwY450SFs2l In Q2, the Bank of Canada cut its key interest rate by 25 basis points, down to 4.75%. While this alone may not be enough to dramatically shift the tide and reduce payments on lending, the overall sentiment surrounding this move can be viewed as positive. Ripple effects from this move have not yet been felt, but it remains a key topic to monitor during the second half of the year. #ColliersCanada #ColliersResearch