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Fourth straight interest rate cut may not bring buyers back to the market just yet

Fourth straight interest rate cut may not bring buyers back to the market just yet

TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
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A look at what people are saying about the Bank of Canada's rate decision

A look at what people are saying about the Bank of Canada's rate decision

OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point).
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Port Moody councillor accuses colleagues of giving short shrift to tall towers

Port Moody councillor accuses colleagues of giving short shrift to tall towers

A proposal by Vancouver-based PCI Developments to build two 39 storey rental towers would be the tallest buildings in Port Moody
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Vancouver industrial vacancy rate surpasses 3% for first time since 2015

Vancouver industrial vacancy rate surpasses 3% for first time since 2015

Metro Vancouver industrial vacancy rate still among lowest in Canada, says Avison Young
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Green councillor withdraws call for review of natural gas ban reversal in new homes

Green councillor withdraws call for review of natural gas ban reversal in new homes

Vancouver council voted 6-5 in July to reverse policy that banned use of natural gas for heating, hot water in construction of new detached homes
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Kamloops prepares for housing boom as old government building comes down

Kamloops prepares for housing boom as old government building comes down

Hundreds of homes to be built in two-phase project starting in 2025
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Feds’ order to end rail shutdown ‘unprecedented,’ labour tribunal says

Feds’ order to end rail shutdown ‘unprecedented,’ labour tribunal says

MONTREAL — The federal government's directive to end the countrywide rail shutdown in August marked an "unprecedented" move, says Canada's labour tribunal, signalling a stauncher approach to disputes that rarely see direct intervention from cabinet.
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Metro Vancouver developers propose shifting construction fees directly to homebuyers

Metro Vancouver developers propose shifting construction fees directly to homebuyers

Metro Vancouver developers say they should not be on the hook for development cost charges levied on new home construction projects to pay for growth-related infrastructure; however, one developer has pitched a proposal that such fees first be financed by government then paid by homebuyers, upon purchase.
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Five things to watch from the Bank of Canada interest rate decision

Five things to watch from the Bank of Canada interest rate decision

The Bank of Canada will release its interest rate decision and monetary policy report on Wednesday. Here are five things to look for in the decision.
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Don’t rule out 75bp cut in overnight rate, says CIBC economist

Don’t rule out 75bp cut in overnight rate, says CIBC economist

Wednesday's interest rate decision by Bank of Canada could pack a large punch
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