Bank of Canada maintains policy rate, continues quantitative tightening.
Variable mortgage rate holders breathed a sigh of relief today as the Bank of Canada held it’s policy rate at 4.5%. From the days of 1.0% in April 2022 it’s been a steep increase that has put pressure on families.
Today’s announcement is a breath of fresh air and signals positivity that should help would be buyers have more confidence to purchase a home.
Read the full press release here.
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