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Stay updated on the latest mortgage news and trends with detailed guide, covering everything from interest rates to refinancing.
It’s the central bank’s second decrease since June, when it kicked off its new rate cutting cycle after an 11-month-long hold.
The average home price in Canada for June 2024 was $696,179, which is a drop of 1.6 per cent compared to the year before.
Canadian real estate is facing some of the worst market conditions in decades, which warns investment has disappeared from the market.