Interest Rates
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New mortgage rules, interest rate cuts expected to heat up B.C. real estate marketUnder the new rules, mortgage insurance will apply to homes valued up to $1.5 million.EconomyDec 13, 2024
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Greater Toronto home sales jump in October after Bank of Canada rate cuts: boardThe Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.CanadaNov 6, 2024
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Will Bank of Canada’s big rate cut wake up ‘sluggish’ housing market?The Bank of Canada slashed key interest rates by half a percentage point, leading some experts to say this could spur movement in Canada's 'sluggish' housing market.CanadaOct 23, 2024
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Interest rates on car payments not heavily affected by BoC key interest rate dropDespite the Bank of Canada cutting its interest rate a third time, car dealerships in Regina say it has little to no short-term effect on vehicle financing and interest payments.CanadaSep 5, 2024
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U.S. Fed inches closer to interest rate cut, citing cooling inflationFed policymakers chose to keep their key rate at 5.3%, even as some economists have pushed for lower rates to bolster the economy and prevent job cuts.U.S. NewsJul 31, 2024
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Toronto-area home sales down 16% in June despite Bank of Canada’s rate cut: boardTREBB says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the Bank of Canada interest rate cut.CanadaJul 4, 2024
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When will the U.S. cut interest rates? Powell says more time neededAfter some persistently high inflation reports at the start of 2024, Jerome Powell said, the data for April and May “do suggest we are getting back on a disinflationary path."U.S. NewsJul 2, 2024
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U.S. Federal Reserve holds rates. Here’s what officials said about future cutsU.S. policymakers said they expect to cut their key interest rate just once by year's end, rather than the three times they had envisioned in March.EconomyJun 12, 2024
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Ontario government hopeful interest rate cut will spur struggling home constructionOntario Premier Doug Ford said he thought lower interest rates would mean houses start 'popping up like mushrooms' across the province.PoliticsJun 6, 2024
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‘When rates go down, prices go up’: What’s in store for Toronto amid Bank of Canada cutThe central bank announced the quarter-percentage-point cut on Wednesday, its first in more than four years, meaning its key interest rate now stands at 4.75 per cent.EconomyJun 5, 2024
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