by thegtapatriot@yahoo.ca | Jul 24, 2024 | Canada, Economy, Housing, Ottawa
The Bank of Canada has delivered some much-needed relief with a quarter-point interest rate cut to 4.5%. This marks the second consecutive rate reduction and signals a cautious optimism about taming inflation while supporting a weakening economy. Why the Rate Cut?...
by thegtapatriot@yahoo.ca | Jul 12, 2023 | Canada, Toronto, Vancouver
The Bank of Canada’s Prime Interest Rate Hike and Its Implications The Bank of Canada’s recent decision to raise its prime interest rate has sparked concerns and discussions about the potential impact on the Canadian economy, particularly the housing...
by thegtapatriot@yahoo.ca | Jun 27, 2021 | Ajax, Durham, Markham, Oshawa, Pickering, Real Estate, Richmond Hill
Many people felt there would be an opportunity to get into the housing market during the early days of the COVID-19 outbreak in Canada. Unfortunately, the epidemic fuelled a significant surge in home prices. That ideal has become unattainable due to the housing...