Things are Heating Up!
As we’re about the turn the calendar over, July is set to be the hottest month in recorded history and, according to projections, the hottest in approximately 120,000 years. Not just temperatures, we’re also witnessing historical movements in the financial world. The Federal Reserve is increasing interest rates at an unprecedented speed, reaching a new peak not seen in 22 years.
With the interest rates rising again in both the US and Canada recently, there are significant headwinds approaching in both the commercial and personal real estate markets. As I highlighted in last week’s video (if you missed it, check it out here),
the effects of these rate hikes typically start to be felt 12-18 months after the initial increase. With this in mind, we are now entering a crucial period.
While summer vacations are a delightful reprieve for many, our team remains committed to maintaining high standards of service. If you have difficulty reaching me or anyone else on the team directly, please do not hesitate to contact our office at (289-812-1170). We have meticulously planned our time off to ensure that your needs are always catered to.
I hope you’re capitalizing on this extraordinary heat and planning some relaxing beach time! Keep an eye on our Facebook page tomorrow as I’ll be posting my top summer reading recommendations. I’d also love to know what you’re delving into this season. I’m always on the lookout for fantastic book suggestions. Please feel free to share your recommendations with me - who knows, your suggestion might just be my next read!
Until next week,
Trevor & the Cherry Hill Team
