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Mandeep Toor's blog
With the Spring market right around the corner, we’ve compiled and released our inaugural RE/MAX Housing Affordability Report! We explored Canada’s biggest housing markets, and ranked them based on how affordable they are to buy a home. Spark a conversation with your clients by sharing the report.
Week of March 23 – 27, 2020
The impact of the COVID-19 virus continues to have widespread implications for individuals, businesses, and industries; as many face the loss of employment and income, the ability to pay for rental or homeownership costs has become a pressing issue. Here, we’ll be sharing the latest updates for renters, homeowners, and the real estate industry, as the health crisis develops.
The Bank of Canada (BoC) has made another unscheduled rate cut, slashing its Overnight Lending Rate by 50 basis points from 0.75% to 0.25% – the lowest it has been since April 2009 – as further response to the COVID-19 pandemic and its impact on the Canadian economy. It is the third rate cut the BoC has made in March, slicing a total of a percentage point from where it stood in February.