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Commercial Property Industry Braces for Next Bank of Canada Decision on Interest Rates

Outcome of Meeting in Coming Week Could Influence Real Estate Moves
A Starlight Investments multifamily project in the Toronto suburb of Mississauga. The apartment landlord has 28,000 units in the pipeline. (Starlight Investments)
A Starlight Investments multifamily project in the Toronto suburb of Mississauga. The apartment landlord has 28,000 units in the pipeline. (Starlight Investments)
CoStar News
October 18, 2023 | 4:23 P.M.

The next rate decision from the Bank of Canada set for the coming week will arrive as Canadians and commercial real estate professionals already grapple with an overnight lending rate at a 22-year high.

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News | Commercial Property Industry Braces for Next Bank of Canada Decision on Interest Rates