Cbc News Toronto
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Do lower interest rates mean Toronto can speed up building housing?
Posted
October 23, 2024
Views
7,175
October 23, 2024
7,175
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The Bank of Canada has announced the fourth straight cut to Canada’s key interest rate. Economists have blamed high interest rates and construction costs for the slowdown in new condo and rental housing builds. But as CBC’s Shannon Martin explains, even with rates trending downward, developers say Toronto is falling behind.
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