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Bank of Canada Raises Rates to 2.5%: What It Means for Canadian Real Estate
The Bank of Canada just raised its overnight rate for the first time since July 2023, and its new inflation forecast is the bigger story.
This episode breaks down the quarter-point hike to 2.5% and what it means for Canadian real estate.
Host Brandon Reay is joined by Greg Lemoine, a Level 2 mortgage agent with Capital Home Lending in Ottawa, to unpack the monetary policy report, why fixed rates move with bond yields, and why three-year fixed and variable mortgages are gaining ground.
They also look at new development charge cuts in Windsor and Tecumseh, Toronto’s scaled-back inclusionary…
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