With more interest rate cuts "all but guaranteed" for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association's (CREA) August statistics report.“Despite some fledgling sig...| STOREYS
Since June, Canadians have witnessed three consecutive rate cuts, bringing the interest rate from 5% to 4.25%. And with more decreases expected for October and December, 2024 is set to be the 'year of rate cuts.'Even so, the policy interest rate remains higher than ideal, home prices also remain hig...| STOREYS
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| 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
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement of the year. And for once, economists with the country’s ‘Big Five’ banks seem to be on the same page, agreeing not only that the Bank of Canada will opt f...| STOREYS
