Limited Benefit in High-Cost Areas: New rules won't significantly help buyers in expensive markets like GTA and Vancouver.Applies Only to New Builds: The 30-yr amortization extension is restricted to newly constructed homes....
The Bank of Canada (BoC) cut its policy rate by 25 basis points to 4.25% amid concerns about consumer spending and residential investment. Minutes from the September 4 meeting indicated that households may be waiting for lower rates before making significant purchases. While inflation pressures are easing, some members expressed worries about potential downside risks if economic activity continues to...
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