The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
All in Homebuying
The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
More rate drops are needed before relief is in sight
Navigating a Volatile Market
Mortgage rates high, housing market cooling
Price outlook for Toronto housing is uncertain
Can the condo boom & flip frenzy last?
Rates are now expected to remain higher for longer.
Cutting rates too soon could reignite the housing market, undermining progress on inflation.