Interest rate cut hasn’t led to rush of homebuyer demand yet: Royal LePage report

Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s 25-basis-point cut to its key interest rate last month did not lead to a rush in demand. A real estate sign is posted outside a home in Pointe-Claire, a city in Montreal’s West Island, Tuesday, May 7, 2024. THE CANADIAN PRESS/Christinne Muschi

Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s...