On June 9, the Bank of Canada (BoC) announced that it will hold its current level of policy rate until the inflation objective is sustainably achieved. The overnight rate remains the same at the effective lower bound of 0.25%. The Bank rate stays at 0.5% and the deposit rate at 0.25%.
Market Update - May 2021
What is in store for the residential market in 2021? Many have been investing in the housing market leading to an increase in sales within the community. Take a look at the following infographics to learn more about the recent ongoings in the housing market.