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STOREYS Daily - Jan 25 '23

STOREYS Daily - Jan 25 '23

"Today’s 25-basis-point rate hike from the Bank of Canada came as a surprise to few and a disappointment to many. But the central bank did offer one sliver of hope to borrowers, indicating that, if all goes well, they plan to pause their rate hike schedule for the foreseeable future."

Laura Hanrahan, STOREYS Deputy Editor

Bank of Canada Raises Interest Rate Another 0.25%

The Bank of Canada announced another rate hike, marking the eighth straight hike from the BoC since March of last year.

More STOREYS

With Just 91K Housing Starts in 2022, Ontario Is Woefully Behind Its 1.5M New Homes Target

Ontario Announces Major Investments to Increase Housing in Rural Communities

Coquitlam’s 9-Tower Coronation Heights Project Up For Public Hearing

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