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 […]