Category: Government policy

Bank of Canada cuts overnight interest rate to 4.5%

Tyler Choi Government policy Development National 2 days ago

UPDATED WITH QUOTES, REACTION: The Bank of Canada has cut its overnight interest rate a further 25 basis points to 4.5 per cent, a move widely welcomed in the housing development and construction industries and by potential homebuyers.

Toronto's new 60-unit as-of-right unlikely to have major housing impact

Neil Sharma Government policy Homebuilding Toronto / GTA Jun. 24 2024

Toronto's move to double as-of-right zoning density to 60 units for multifamily housing along major streets is getting mixed reviews from the development industry, with some contending systemic processes and delays will negate the improvements to building economics.