SCHUY Property Group : RE/MAX : Archived blog posts for : October 2022

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Ontario announces 'bold' new plan to meet target of building 1.5 million homes

Posted on October 27, 2022 by Stephanie Hughs

Ontario announces 'bold' new plan to meet target of building 1.5 million homes

The Ontario government unveiled a series of new measures aimed at tackling the province’s housing supply shortage and affordability crisis on Tuesday, including plans to cut development costs and to allow property owners to build up to three residential...

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Bank of Canada increases policy interest rate by 50 basis points, Continues quantitative tightening

Posted on October 27, 2022 by Bank of Canada

Bank of Canada increases policy interest rate by 50 basis points, Continues quantitative tightening

Bank of Canada

Ottawa, Ontario

October 26, 2022

The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening....

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