30 Aug 2024

Bank of Canada announcements, Interest Rates 0 Comment
Predictions for Interest Rate Cut on September 4th and Housing Market August 30, 2024 : With the Bank of Canada anticipated to reduce its benchmark interest rate on September 4th, significant changes could be on the horizon for the Canadian housing market. The expected cut of 25 basis points is driven by slowing inflation and economic growth, setting the stage for potentially deeper c...
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20 Aug 2024

Bank of Canada announcements, House Prices, Housing Market- BoC cuts interest Rate third consecutive time, Interest Rates 0 Comment
Interest Rate cut & Housing Market The recent drop in Canada's inflation rate to 2.5%, the lowest since March 2021, has reinforced expectations of a potential interest rate cut by the Bank of Canada in September. For Ontario's housing market, this anticipated rate cut could have several significant impacts. Impact on Housing Demand Lower interest rates typically reduce the c...
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09 Aug 2024

Bank of Canada announcements, House Prices, Interest Rates 0 Comment
Canada’s unemployment rate held firm at 6.4 per cent in July amid a relatively steady month in the labour market. Statistics Canada said Friday that total employment was “little changed” last month. Some 2,800 jobs were lost in July, the agency said. That marks the second consecutive month of job losses for Canada after net 1,400 positions were lost in June. But overall, emp...
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