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What does the Bank of Canada’s jumbo rate cut mean for mortgages and the housing market?

The Bank of Canada’s latest moves to cut interest rates could spur more buying activity in the housing market, experts say, but some buyers may still be waiting for the final rate decision of the year. The Bank of Canada on Wednesday decided to...
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TD Forecasts ‘Significant’ Gain in Housing Activity This Quarter

TD Bank economist says he expects housing market activity to pick up significantly between now and the end of the year as more buyers enter the market in the wake of the Bank of Canada’s interest rate cuts. In an interview with BNN Bloomberg,...
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Bank of Canada to cut rates by full percentage point by year-end, top economic strategist says

The Bank of Canada will likely cut its key interest rate by a full percentage point by the end of this year, a top Canadian economist said. With non-housing inflation already below the central bank’s target range of 2 to 3 percent and youth...
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Federal government launches mortgage refinancing program for the first time since 2016

The federal government is rolling out another set of mortgage rule changes aimed at addressing the housing shortage, this time focusing on supporting the construction of additional dwelling units. Deputy Prime Minister Chrystia Freeland announced that starting January 15, 2025, Canadians will be able...
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Major positive reforms in the mortgage market, stimulating activity and rising house prices!

The federal government will make 30-year insured mortgages available to all first-time homebuyers and all new-build buyers. By law, mortgages in Canada must be insured if the down payment is less than 20% of the property’s value. First-time homebuyers can now take advantage of...
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