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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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Smart City Vision: Markham's Urban Transformation Proposal

Markham aims to lead in smart city innovation with plans for 44,000 new homes by 2031. Mayor Frank Scarpitti emphasizes eco-friendly, tech-driven development to merge community and technology. Chief Information Officer Sumon Acharjee spearheads the initiative, focusing on connectivity and resident satisfaction.

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Toronto’s Average Home Price To Be Around $2 Million By 2034

Toronto's real estate market is escalating, with a recent report forecasting the average home price hitting $2 million by 2034, driven by a 5.6% annual increase. Factors like supply-demand imbalances and economic conditions contribute to this surge, posing challenges for young homebuyers in a competitive market.

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