THE BANK OF CANADA CUTS INTEREST RATE
On September 17, 2025, the Bank of Canada made a notable move — lowering its key policy (overnight) interest rate by 25 basis points to 2.50%, its lowest in about three years. This is the first rate cut in six months, and the decision was unanimous among the Governing Council. Here’s a breakdown of why […]
GTA SEES STRONGEST JULY HOME SALES IN FOUR YEARS
The Greater Toronto Area (GTA) housing market had its strongest July since 2021, and as REALTORS®, we’re seeing the shift firsthand. Buyers are stepping back into the market thanks to improved affordability, while sellers are navigating conditions that remain competitive yet stable. What’s Driving the Market? Lower borrowing costs and softer home prices are making […]
LOOKING AHEAD THIS NOVEMBER – WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced a decline in sales in November 2023 due to high borrowing costs and uncertain economic conditions. However, the number of listings increased from last year’s supply. The market saw flat selling prices year-over-year, as inflation and elevated borrowing costs impacted affordability. The housing market is sensitive to […]
BANK OF CANADA HOLDS KEY INTEREST RATE STEADY AT 5%
The Bank of Canada has announced that it will keep its target interest rate at 5%. This decision was made because the global economy is slowing down and growth is expected to slow down further. The bank has decided to continue its policy of quantitative tightening. This means that it is reducing the amount of […]
EXPERTS PREDICT BANK OF CANADA TO HOLD INTEREST RATES STEADY AS THE ECONOMY HITS A ROADBLOCK
According to a recent article published by Steve Scherer at reuters.com, the Bank of Canada (BoC) is expected to maintain its current interest rates on Wednesday, in light of the slowing economy. However, it is possible that the central bank may indicate the potential for future rate hikes, considering the inflation rate remains above its […]