by Kenzie Andrews | Feb 20, 2025 | Bank of Canada, Blog, Interest Rates
The Bank of Montreal (BMO) has revised its outlook for interest rates in response to the economic impact of proposed tariffs. BMO anticipates the Bank of Canada (BOC) will implement six consecutive quarter-point interest rate cuts, bringing the policy rate down...
by Kenzie Andrews | Aug 15, 2024 | Bank of Canada, Blog, Housing Market, Interest Rates
The Bank of Canada is now less concerned about home prices spiking as it lowers the benchmark interest rate to 4.5%. The next interest rate decision is set for September 4. Industry analysts expect September’s interest decision to be...
by Kenzie Andrews | Jan 12, 2023 | Around Town, Blog, Interest Rates, Real Estate News
Your Weekly Construction Briefing House prices across the country have fallen precipitously in response to rising interest rates. The Canadian Real Estate Association (CREA) recorded a decline in their benchmark housing price of 16.4% from the market peak in...