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Liberty Development

Liberty Development

Liberty Development has cancelled three towers in Vaughan but a deposit refund won’t be enough to secure new homes for some buyers. The latest Toronto-area condo cancellation — Liberty Development’s Cosmos condos at Vaughan Metropolitan Centre — is raising questions about consumer protection for buyers who hand over large deposits on a pre-construction home only […]

Major lenders hike rates following BoC decision

Major lenders hike rates following BoC decision

Major lenders hike rates following BoC decision Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from […]

Bank of Canada keeps benchmark interest rate steady at 1%

Bank of Canada keeps benchmark interest rate steady at 1%

Bank of Canada keeps benchmark interest rate steady at 1% ‘Lot of things that have to come together’ before next rate hike, Stephen Poloz says Bank of Canada Governor Stephen Poloz says a lot of things need to come together before the bank is confident it’s time for another interest rate increase, including a better understanding […]