Bank of Canada
How the Bank of Canada Interest Rate Cuts Can Affect You as a Homebuyer or Homeowner
On October 23rd the Bank of Canada (BoC) cut interest rates to 3.75% and it’s more than just a headline in the financial news. For homebuyers and homeowners alike, a rate cut can significantly impact their financial decisions and the cost of owning a home.…
Bank of Canada Cuts Interest Rates Again: What It Means for the Economy
On July 24, 2024, the Bank of Canada announced another reduction in its target for the overnight lending rate, lowering it from 4.75% to 4.5%. This move, widely anticipated by financial markets, marks the second rate cut since the onset of the pandemic four years…
Rising Mortgage Rates – CREA weighs in on the Bank of Canada increases
With the Bank of Canada raising the interest rate to 2.5%, and further increases in sight, many Canadians are wondering what the future holds for lending, in particular as it relates to mortgages. The Canadian Real Estate Association (CREA) posted a blog shortly before the…