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Lending Rate
Bank of Canada Raises Rates to 2.50%: What the October Decision Means for Toronto Real Estate
The Bank of Canada has raised its policy rate to 2.50%. We examine the implications for Toronto homebuyers, sellers, investors, mortgage rates and the luxury real estate market.
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Bank of Canada Holds Key Interest Rate
The Bank of Canada has decided to maintain its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. This announcement is expected to add to the already strong real estate market in Toronto, which has seen increasing prices due to historically low levels of supply.
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