Interest rate cut offers hope to Canada’s sluggish housing market | Housing

Vancouver, Canada – After a major slowdown in Canada’s high-priced housing market, real estate sales in the country appear to be gradually inching up again.

That is cause for optimism across the country’s sector — hopes buoyed even more after the central bank dropped its key interest rate to its lowest in three years.

The Bank of Canada’s 0.25 percent rate cut on September 17 — mirroring its US counterpart’s move the same day — has…