UPDATED: The Bank of Canada has trimmed the nation’s overnight interest rate by 25 BPS to 2.75 per cent, offering an additional incentive for aspiring homebuyers during the busy spring season, while also emphasizing its anxiety over a trade war with the U.S.
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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