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Rising Rates, Smart Moves: Strategies for Homebuyers and Homeowners

The Bank of Canada has recently held its benchmark interest rate steady at 2.75%, marking the end of seven consecutive cuts. This decision comes as Ontario’s economy faces a “considerable” slowdown, with Governor Tiff Macklem pointing to uncertainties surrounding U.S. trade policy and tariffs.

Here’s how these developments are reshaping the real estate landscape in Canada:

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Interest Rates, Real Estate Timsold Marketing Interest Rates, Real Estate Timsold Marketing

Bank of Canada Lowers Benchmark Interest Rate to 4.50%

The Bank of Canada has reduced its benchmark interest rate to 4.50%, aiming to ease inflation and support economic growth. This move marks the second consecutive rate cut since March 2020, reflecting a shift towards more accommodative monetary policy. Discover how this decision impacts Canadian homeowners and the broader economy.

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Landlord In Barrie Arrested After Illegally Turning Off Tenant’s Utilities

A Barrie landlord is facing legal repercussions after being arrested for illegally turning off a tenant's utilities without consent. The tenant, returning home to find their residence without power or gas, promptly contacted the police. Despite being informed by law enforcement that such actions were illegal, the landlord refused to comply.

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