Tag Archives: Interest Rate

Home sales in the Greater Toronto Area dropped for a third consecutive month in April, while prices inched up. This trend was driven by record-high interest rates, which dampened the housing market’s recovery in Canada’s primary metropolitan region. According to data from the Toronto Regional Real Estate Board (TRREB) released on Thursday, seasonally adjusted sales declined by 3.4% in April …

Bowman Warns Persistent Inflation May Require Further Interest Rate Increases Persistent inflation in the U.S. has led to increased financial caution within the Federal Reserve, with price levels rising in the early months of 2024. This situation has prompted some Fed members, including Governor Michelle Bowman, to consider the possibility of raising interest rates, contrary to market expectations of rate …