UPDATED WITH QUOTES: The Bank of Canada has cut its overnight interest rate 25 bps to 2.25 per cent. While it's a move welcomed by the real estate and development industry, it's not a panacea for the housing sector.
Canada’s central bank has reduced the overnight interest rate by 25 bps to 2.5 per cent, its first cut since March and a decision welcomed with open arms by the country's housing, commercial real estate and development industries.
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BMO Centre Expansion, Stampede Grounds
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