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Bank of Canada Lowers Interest Rate to 4.25% – What This Means for Canadian Homeowners
In an anticipated move, the Bank of Canada has lowered its benchmark interest rate to 4.25%. This marks the third consecutive rate cut and comes after months of interest rate hikes, as the central bank navigates a delicate balance between managing inflation and sustaining economic growth. But what does this mean for homeowners, especially those with mortgages or those considering buying…
Read moreCanada's Inflation Rate Hits New Low: Implications for Mortgage Holders and Homebuyers
Canada's annual inflation rate continues to decline, reaching 2.5% in July—its lowest level since March 2021. This steady decrease signals…
Navigating the Recent Mortgage Rate Changes: What You Need to Know
In a significant move last week, the Bank of Canada cut interest rates by 0.25%. This rate cut, the first…
Mortgage Renewals in a Rising Rates Environment
Housing market activity and prices have declined as per the latest market reports and the Bank of Canada continues to…
Bank of Canada raises policy rate by 0.5%
The Bank of Canada has raised its policy rate by 0.5% as it continues its efforts to curb high inflation…