incentive for first time homebuyers to enter toronto market: Will Interest Rate Cuts Fuel The Fires for Toronto Homebuyers?
- 03/04/09 07:22 AM
Today the Bank of Canada announced it was slashing interest rates by half a percentage point to 3.5 per cent. The bank also signaled more rate cuts are likely as it seeks to protect the Canadian economy from a slowdown in the U.S. The cut is welcome news to Canadians hoping to buy a home, as analysts anticipate a cut in mortgage interest rates also. "Overall, today's move from the Bank of Canada suggests that although domestic demand in Canada remains incredibly healthy, they're increasingly concerned about spillover effects from the slumping U.S. economy," said Jacqui Douglas, economics strategist at … (0 comments)
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