Huffington Post - Wayne Karl
Why is 2016 a good year to buy a home in Canada? Let us count the ways.
1. LOW INTEREST RATES
In its latest rate announcement on Jan. 20, the Bank of Canada held its target for the overnight rate at 0.50 per cent, citing a setback brought on by a decline in oil and commodities prices. BoC expects the economy to grow by about 1.5 per cent in 2016 and 2.5 per cent in 2017.