Although June kicked off with a Bank of Canada interest rate cut, Greater Toronto Area (GTA) home sales failed to pick up in the way that some experts had forecasted they would. According to new figures from the Toronto Regional Real Estate Board (TRREB), there were just 6,213 home sales through the...| 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
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