Canadians will likely wait until summer before more mortgage rate relief arrives.
All tagged bank of canada
Canadians will likely wait until summer before more mortgage rate relief arrives.
What will the bank do to re-establish trust?
Could 5-year mortgage rates stabilize in the 4-7% range?
The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
Rates are now expected to remain higher for longer.
Cutting rates too soon could reignite the housing market, undermining progress on inflation.
Inflation & global uncertainty will likely lead Bank to hold steady