How will the Bank of Canada’s rate hold impact the housing market?

By Magnolia
February 1, 2024

The Bank of Canada’s decision to hold interest rates on Wednesday could reignite the country’s housing market, experts warn, with one economist saying activity is already starting to tick higher. The central bank elected to hold its key policy rate at five percent on Wednesday, and in a change of tone, said its rate-setting discussions are shifting towards “how long to maintain the current restrictive stance,” and away from talk of further hikes. Read More.

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