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Category: Government policy

Bank of Canada trims 50 BPS, takes interest rate to 3.25%

Tyler Choi Government policy Government Ottawa Dec. 11 2024

UPDATED: The fifth consecutive rate cut by the Bank of Canada (BoC), 50 BPS to an overnight interest rate of 3.25 per cent, will likely stimulate homebuying in 2025. But real estate industry insiders expect many condo buyers to remain on the sidelines - for now. 

Frustrated developers create Taxopoly: Housing game you CANT win

Neil Sharma Government policy Government Toronto/GTA Nov. 4 2024

A developer group known as the Coalition Against New Home Taxes (CANT) has launched a campaign - including an unwinnable Taxopoly game - to alert the public housing affordability woes wouldn’t be so dire if taxes weren’t so excessive.

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