Bank of Canada Holds Steady: Maintains 5% Interest Rate Amid Economic Uncertainties

October 27, 2023

Economic Uncertainties

While the sudden and aggressive rate hikes have reduced recent sales volume for commercial assets due to high borrowing costs, pricing for industrial and land assets continues to increase.

Investors remain heavily active in the industrial nodes of Mississauga, Brampton, Vaughan, and Markham with the eastward submarkets remaining relatively quiet. However, there is future growth opportunities in this area with the potential to acquire new developments.

Marketing Department

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