May 2024 GVA Market Stats

Inventory Climbs as Bank of Canada Cuts Key Interest Rate for First Time in Four Years

REBGV Market Analysis – May 2024

The Bank of Canada’s much anticipated reduction of its key interest rate began today, with a rate decrease of twenty-five basis points, bringing the new rate to 4.75%.  While a minor change, it signals a shift in fiscal policy from the Bank of Canada and suggests that future rate cuts will follow now that …more