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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: