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Category: Government policy

Bank of Canada slows cuts, lowers overnight rate 25 BPS to 3%

Tyler Choi Government policy Homeownership National 1 day ago

UPDATED: Wednesday’s 25 BPS cut to Canada’s overnight interest rate, to three per cent, is likely to help homebuyers but it won’t solve other barriers in the housing industry including construction costs and high development fees, industry observers said.

 

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. 

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