September, 2014 - Great News for Home Buyers!!
Canada’s central bank held its key interest rate at 1% today – the same level it has been at for four years. In its latest policy decision, the Bank of Canada also kept its “neutral” stance, which means that Governor Stephen Poloz has no plans to raise or lower rates anytime soon. The central bank says the risks to the outlook for inflation and household debt remain unchanged. The rate has been at 1% since September 2010 – the longest pause in Canadian history.