Jasmina ZivKovic Real Estate Team
8854 Yonge St L4C 0T4 Richmond Hill, ON, Canada

HOW WILL COVID-19 AFFECT CANADIAN HOUSING MARKET? Royal LePage CEO Phil Soper talks with Larysa Harapyn about the state of the Canadian real estate market in the wake of the coronavirus outbreak, and a massive Bank of Canada rate cut, and what it means for the various regions of the country: This story & more at https://business.financialpost.com/category/real-estate

Citing the coronavirus, rail blockades, a teachers’ strike in Ontario and even lousy winter weather in some parts of the country, The Bank of Canada lowered its overnight target rate to 1.25 percent on March 3. It’s the 1st reduction since 2015 and the first 50 basis points shave since, ironically, March 3, 2009, during the financial crisis: