The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
All in Mortgages
The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
The great wealth transfer is at risk.
Canadian Housing Dreams on Hold for Now
More rate drops are needed before relief is in sight
Mortgage rates high, housing market cooling
Price outlook for Toronto housing is uncertain
Rates are now expected to remain higher for longer.
Cutting rates too soon could reignite the housing market, undermining progress on inflation.