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.
Housing sales remain slow and rents have decreased in some of Canada’s largest and priciest markets, but some cities in the Prairies and Quebec have home prices and rents moving upward, according to two housing reports this week.
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Ottawa, Ontario
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