New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| 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
The Bank of Canada (BoC) lowered its policy interest rate on Wednesday, bringing it down to 4.5% — a level it hasn't been at since the early days of June 2023. This latest move from the central bank marks the second cut of a cycle that began back in March 2022, and saw rates raised sharply on 10 occ...| 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
In a widely anticipated move, the Bank of Canada (BoC) has announced another quarter-point decrease to its policy interest rate, bringing it down to 4.25%. This marks the third consecutive meeting to culminate in a quarter-point cut.“In Canada, the economy grew by 2.1% in the second quarter, led by ...| 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