The Truth About Interest Rates No One’s Telling You!

February 20, 2025

Welcome to the latest episode of Make Money Count! The latest inflation numbers are in, and they could be a game-changer. With the CPI showing signs of cooling, many are wondering—will the Bank of Canada finally cut interest rates? Before making any mortgage or investment decisions, you need to know how this could impact borrowing costs, home prices, and investment returns.

Inflation Is Slowing—But Is It Enough?

The latest CPI data suggests that inflation is easing in some areas, but not everywhere. Housing and energy costs remain high, making the Bank of Canada’s next move uncertain.

Mortgage Rates: Lock In or Hold Off?

If rates drop, it could mean lower payments for variable-rate borrowers and more competitive fixed-rate options. But should you act now or wait? We discuss the best strategy in this episode.

What’s Next?

The BoC is at a crossroads—if inflation continues to decline, rate cuts could come sooner than expected. However, if inflation remains sticky in key sectors like housing and energy, rates may stay elevated for longer.

At Cannect, we monitor market trends to help you make informed financial decisions. Whether you’re looking to secure a mortgage, refinance, or invest in our MIC for high returns, we’re here to guide you through every step.

Have questions? Reach out today for a free consultation and let’s discuss your best options.

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