The Blog
Bank of Canada Cuts Interest Rates: What This Means for You
On December 11th, the Bank of Canada announced another bold rate cut, lowering the policy rate by 50 basis points to 3.25%. This move brings new opportunities for homebuyers, sellers, and anyone considering refinancing. Learn how this latest change could affect your mortgage, real estate plans, and the broader housing market. Read more to explore the full impact and what’s ahead for 2025!
Navigating the Bank of Canada's Interest Rate Increase
In a recent announcement, the Bank of Canada revealed an increase in interest rates by 0.25%. As a realtor, it's my responsibility to keep you informed about market changes that can affect your financial decisions. In this blog post, we'll dive into what this interest rate hike means for homeowners and buyers, offering valuable insights and guidance to help you navigate the shifting real estate landscape.
Toronto's Real Estate Market - January 2023
Bank of Canada cuts interest rates - what you need to know
The Bank of Canada cut the interest rate last week in an apparent bid to deal with the economic shock created by the threat of coronavirus.
The Bank reduced the national interest rate by 0.50% to 1.25% on the 4th March, following the cut by the US Federal Reserve the day before.
The threat of coronavirus has caused business activity to fall sharply in some regions and the currency to depreciate, while the Bank warned that business and consumer confidence could fall further.