Bank of Canada Holds 1.75% Interest Rate for May 2019

Bank of Canada Holds 1.75% Interest Rate for May 2019

The Bank of Canada overnight interest rate is staying the same for another month. On May 29, 2019, the Bank of Canada (BOC) announced that it is keeping its key interest rate at 1.75% – the same rate it has been since October of 2018. The Bank Rate is remaining…

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Predicted Changes to the Canadian Housing Market in 2019

Predicted Changes to the Canadian Housing Market in 2019

Last year in 2018 we saw many changes to the Canadian housing market. Now that 2019 is here, what will this year bring? We’re breaking down real estate predictions for the year ahead. Here’s what’s on our radar: 1. Interest Rate Increases In 2018, we saw Canadian interest rates rise…

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Bank of Canada Overnight Rate Increases to 1.75%

Bank of Canada Overnight Rate Increases to 1.75%

The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…

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Real Estate and Interest Rates – How One Impacts the Other

There is no denying it – real estate and interest rates work hand-in-hand, each impacting the other. Do higher rates mean lower prices or is it vice versa? Have years of low rates caused Canada’s housing prices to skyrocket? If rates do go up, can Canadians absorb an increase in…

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