Exciting Update in Real Estate and Finance!
The Bank of Canada has just lowered its overnight lending rate from 5% to 4.75%! This is the first rate cut in four years, and it could have a big impact on the housing market.While the economy is still showing some excess capacity and GDP growth is slow, there's good news: core inflation is easing, even as housing costs continue to rise.
The Bank of Canada has just lowered its overnight lending rate from 5% to 4.75%! This is the first rate cut in four years, and it could have a big impact on the housing market.While the economy is still showing some excess capacity and GDP growth is slow, there's good news: core inflation is easing, even as housing costs continue to rise.
What does this mean for you? More affordable borrowing rates for home buyers and investors! If you've been thinking about entering the market or refinancing your home, now might be the perfect time.
Are you ready to take advantage of this opportunity? Let's talk about how this rate cut could benefit you!