Bank of Canada Interest Rate Hold: What It Means for the Canadian Housing Market
The Bank of Canada (BOC) is taking a more “accommodative” approach to Canadian interest rates in 2019.
On April 24, 2019, the BOC stated they are holding the 1.75% overnight interest rate for another month. The last time the rate went up was in October of 2018.
The announcement prompted much discussion among Canadian mortgage and financial professionals. We’re reviewing the different opinions on the Purview blog. Read it here: https://www.purview.ca/bank-of-canada-interest-rate-april-2019/.