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Bank Of Canada Goes Big With 50 Bps Interest Rate Cut, Largest Since 2020
On Wednesday morning, the Bank of Canada announced an interest rate cut of 50 basis points for their October decision, and that brings the policy rate down to 3.75%. This is the lowest the rate has...
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RBC Already Calling For Another 50-Bps Interest Rate Cut In December
On Wednesday morning, Bank of Canada Governor Tiff Macklem told Canadians that they can “breathe a sigh of relief” in the habitual post-interest rate announcement press conference. As Macklem alluded...
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Average GTA Condo Prices Dropped By Over 23K Annually In Q3
In what has been a common tune for a while now, the Toronto Regional Real Estate Board's (TRREB) Condo Market Report for the third quarter of 2024 is posting dwindling sales, growing inventory, and a...
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85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
"Renewal risk remains" as the majority of the 1.2 million mortgages up for renewal in 2025 will face higher interest rates than when their term began, finds the Canadian Mortgage and Housing...
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Recent Immigration Cuts Could Lower Rents, Shrink Housing Supply Gap
Last week, the federal government announced it will be cutting immigration in response to mounting economic pressures, including the cost and availability of housing. This move from the feds would...
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