Mark Zizzo
RE/MAX Escarpment
Languages
- English
Specialties
Adult Living, Buyers, Commercial Real Estate, Condominiums, Downsizing, First Time Buyers, International, International Relocation, Luxury Homes, Multi-Family, Power of Sale, Residential, Sellers, Senior Lifestyle Transition
Locations
Aldershot, Ancaster, Burlington, Dundas, Flamborough, Hamilton, Hamilton Mountain, Oakville, Stoney Creek, Central Hamilton, West Hamilton
Rate Cuts
Bank of Canada Governor, Tiff Macklem recently spoke at an event explaining the central bank’s aggressive rate cut decision last week. Macklem says the decision to cut rates more than a quarter point “makes sense” given how aggressive the hiking cycle was. He also said the ban...
Nov 05, 2024
Bank of Canada Governor, Tiff Macklem recently spoke at an event explaining the central bank’s aggressive rate cut decision last week. Macklem says the decision to cut rates more than a quarter point “makes sense” given how aggressive the hiking cycle was. He also said the bank will need to “discover” the true neutral rate (the theoretical interest rate that neither stimulates nor restricts the economy). Policymakers estimate the neutral rate to be around 2.25-3.25%, however, Macklem acknowledged that policy decisions are made on a case-by-case basis, not on a predetermined path. (Bloomberg)