RICHMOND AND GREATER VANCOUVER REAL ESTATE NEWS

Bank of Canada Interest Rate Announcement

Bank of Canada Interest Rate Announcement

Michael Cowling
Published on: 30/07/2025

The Bank of Canada held its overnight rate at 2.75% on July 30, 2025, amidst US tariffs, weakening GDP, and inflation risks. Discover how this decision impacts the Canadian economy, mortgage rates, and future rate cut expectations, with insights from BCREA's Chief Economist.

Market UpdatesInvestment and IncomeReal Estate News and Legislation
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How the Bank of Canada’s Final Rate Cut of 2024 Could Shape Buyer Sentiment in 2025

How the Bank of Canada’s Final Rate Cut of 2024 Could Shape Buyer Sentiment in 2025

Michael Cowling
Published on: 17/12/2024

The Bank of Canada's recent interest rate cut is expected to boost homebuyer activity in 2025. Learn how lower borrowing costs, pent-up demand, and new mortgage rules will impact the Canadian housing market, including increased competition and potential price growth.

Market InsightsMarket Updates
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