Do lower interest rates mean Toronto can speed up building housing?
October 23, 2024
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6:53Now PlayingDo lower interest rates mean Toronto can speed up building housing?
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as posted by the channelThe 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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#housing #interestrates #construction #housingmarket
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