Tag: Bank of Canada
London-area home sales slump in August, despite interest rate cuts
In whatâs shaping up as one of the London region’s slowest years for home sales, the local market saw one of its worst Augusts in recent history
ANALYSIS: Interest rate cuts not expected to boost London home prices
If you were counting on interest rate cuts leading to a jump in home prices before putting your property up for sale, you may be in for a decent wait.
Analysis: As interest rates ease, variable rate mortgages regain appeal
Two interest rate cuts by the Bank of Canada, and the expectation more are looming, have started to make variable-rate mortgages more enticing for some homebuyers, including in London, industry watchers say.
As interest rates rise, small-time landlords look to sell off homes
Higher interest rates that have kept first-time homebuyers from entering the local housing market have now started to force mom-and-pop investors in London to sell their properties as their mortgage costs go up.
London-area jobless rate rises to highest level in a year
Amid job losses and a slowing national economy, the London-area unemployment rate rose more than half a point to 6.5 per cent in July.