Are the recent rate cuts enough to breathe new life into the GTA market?| STOREYS
Months of speculation came to a head on Wednesday when the Bank of Canada (BoC) announced the first interest rate cut of the cycle. The long-awaited and much-anticipated move from the central bank was a decrease of 25 basis points, bringing the policy rate to 4.75%. The rate has sat at 5% since ...| STOREYS
It took a minute, but it seems that interest rate cuts are beginning to show up in Toronto’s housing market. The latest figures from the Toronto Regional Real Estate Board (TRREB), released Tuesday morning, show that there were 5,391 home sales recorded over the course of July, marking a 3.3% increa...| STOREYS
