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The Bank of Canada Holds Rate at 5% but Warns About Rate Increases Later Down the Road.
The Bank of Canada has opted to maintain its benchmark interest rate at 5%, marking the second consecutive instance in which the central bank has refrained from adjustments. This could indicate a shift towards a more conservative stance, given the ten rate increases enacted in the past year.
$50M Mansion Looks Like The Palace of Versailles
When it comes to luxury real estate, few properties can rival the lavishness of the Saint George Manor. Nestled at 2275 Doulton Drive in Mississauga, this magnificent mansion is a testament to architectural excellence and luxury living.
Where will the next generation live?
Toronto housing has simply become unaffordable. Some experts suggest there's a 0% chance of affordability ever returning to the GTA real estate market. As mortgage interest rates continue to rise, this has resulted in a significant decline in home sales activity. Where will the next generation live?
Bank of Canada Holds Rates at 5%! What Does It Mean for You?
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.
