Canadian Real Estate Impact: Bank of Canada Maintains 5% Interest Rate
Andrew Ezeard Andrew Ezeard

Canadian Real Estate Impact: Bank of Canada Maintains 5% Interest Rate

In a pivotal move that has the real estate sector on high alert, the Bank of Canada (BoC) recently announced its decision to hold the key policy interest rate steady at 5% for the fourth consecutive time. This decision, expected by many economists, reflects a cautious stance against immediate rate cuts, despite a notable decrease in inflation from its peak in June 2022.

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