June 16th, 2020 Mortgage Industry Update
The Bank of Canada announced on June 3rd that its overnight lending rate will remain at 0.25%. The prime rate remains 2.45%. The possibility of further rate reductions remains unclear at this time as the economy deals with the COVID-19 pandemic.
Additionally this week:– Rentals.ca: Average rent for apartments and condo units in March, April and May has decreased. In May, average rent in Toronto declined by 0.5% to $2,290 per month, which followed a decline of ...
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