A Surprise 50 basis point interest rate cut by BOC Author: Sami Chowdhury Date: October 25, 2024   The recent decision by the Bank of Canada (BoC) to reduce its key interest rate by 50 basis points (0.5%) has significant implications for the real estate market and the broader Canadian economy. This move, coming as a relief to many Canadians, marks a shift aimed at fostering economic growth and managing inflation. Let’s take a closer look at what this rate... [read more]