Interest Rate Relief: What The Recent Rate Drop Means For Canadians
For the first time in over four years, the Bank of Canada lowered the benchmark interest rate by 0.25% on June 5, 2024. The benchmark rate now sits at 4.25% while the prime rate is now 6.95%. The last interest rate reduction was in March of 2020, when the BoC slashed the rate to an all time low of
Real Estate Market Update - May 2024
The May 2024 real estate market in the Greater Toronto Area saw less home sales and increased inventory, especially in comparison to last year's spring market pick-up. Home sales are down 21.7% compared to the same time last year and are down slightly in most GTA markets compared to April 2024. To
Real Estate Market Update - April 2024
April 2024 Market Update: The Greater Toronto Area real estate market continues to remain steady. For April 2024, there has been little movement with average selling prices on a month over month basis, and even on a year over year basis. The number of sales in April have increased slightly or rema
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