The Bank of Canada has announced that it will maintain its policy interest rate at 2.25%, marking the seventh consecutive rate announcement with no change.
For many Canadians, especially those planning to buy a home or renew a mortgage, one question remains:
What does this decision mean for the housing market?
Why Did the Bank of Canada Keep Rates Unchanged?
According to the Bank of Canada, several economic factors continue to influence its decision.
These include:
Inflation remains above the Bank's long-term...
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