Condo listings in the Greater Toronto Area (GTA) are up substantially from 2023 and sales are down, according to the Toronto Real Estate Board’s (TRREB) Q2 findings. Meanwhile, the region's condo rental segment is seeing plenty of demand. TRREB President Jennifer Pearce explained in a release that w...| STOREYS
On the heels of a second consecutive quarter-point interest rate cut from the Bank of Canada, Governing Council warned that cuts alone aren’t going to be a saving grace for the country’s housing woes, pointing to a “structural” supply imbalance that long preceded the higher rate environment (and is ...| STOREYS
You blink, and another interest rate decision is not even 24 hours away, begging the question of whether the Bank of Canada will make last month’s cut the start of a trend by bringing the policy rate to a more palatable level, or leave it be at 4.75% until their next meeting in September.In what now...| STOREYS
On the heels of encouraging data releases on the inflation and employment fronts, the Bank of Canada (BoC) has announced a quarter-point cut to its policy interest rate, bringing it down to 4.5% and cementing the fact that we’re firmly in an easing cycle. “With broad price pressures continuing ...| STOREYS
The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.| www.bankofcanada.ca