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Bank of Canada says real estate is 'expected to moderate but remain elevated'

Thursday Jun 10th, 2021


The Bank of Canada is leaving its key interest rate unchanged at 0.25 per cent. "The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate," said the Bank of Canada in a release. "This is reinforced and supplemented by the Bank's quantitative easing (QE) program, which continues at a target pace of $3 billion per week." Canada's central bank on April 21 began tapering its QE program, which was introduced to help... [read more]

COVID-19’s Influence on Interest Rates

Tuesday Sep 8th, 2020

Photo by Binyamin Mellish from Pexels

As a society, we have witnessed many changes in our communities, and country. The ever-evolving pandemic has shaped many different parts of human life. Social gatherings, working from home, and running daily errands, have all changed to adapt to this new world. One concern many homeowners share is the current state of the economy and its impact on interest rates. While Canada is currently facing a recession, the country seems to be staying afloat in the midst of this... [read more]


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