01/24/2024
Holding at 5%: The Bank of Canada announces a fourth consecutive rate hold, maintaining its key lending rate at 5%.
However, major housing markets across the country have already reported an uptick in buying and selling activity since the start of the year. In its latest quarterly Home Price Update, Royal LePage predicted that the market would begin to rebound in the first quarter of 2024, even before a cut to interest rates is made.
The central bank's next announcement is scheduled for March 6.