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
