Jan 8, 2015 / Market Updates

An Interesting Article From: Canadian Real Estate Association

 

Bank of Canada Sees Evidence of Soft Landing in Housing Market CREA

The Bank of Canada announced on January 22nd 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent, where it has been held since September 2010.

Since the Bank’s last announcement in early December, inflation in Canada has moved even further below the Bank’s 2 per cent target. Moreover, the Bank indicated it is now expected to remain lower for even longer and not return to target for “about two years.”

Click here for full article

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