Hey Sudbury! David Kurt and Kelly Wilcock here, bringing you this week's wrap up episode of Selling the Rock - Your local real estate podcast! 

Brrrr, it’s cold out there! The fall market didn’t last long in Sudbury, and with the deep freeze in full effect it’s not just the temperature that dropped this week, the listings and sales followed suit. From an economic standpoint, it was an interesting week for the Bank Of Canada. They kept the rates unchanged (which was fully expected); but, they made it clear that rates will not be going up until at least 2023. They are currently spending billions a week on buying up bonds to artificially continue low-interest rates, and the head of the BofC actually revealed, “It means that if you’re a household considering making a major purchase you can be confident that interest rates will be low for a long time.” Needless to say, I am confident that they are trying to continue to promote and strengthen the housing market in Canada.

From a real estate perspective, we saw the listings drop like the mercury on the thermometer. We hit the lowest number of new listings since the first few weeks after COVID!

Tune in to listen to our 5 biggest takeaways from the week! 🎧

Wishing you the spookiest of Happy Halloweens and we’ll check in with you next week!