How the Bank of Canada’s Rate Cut Affects Your Mortgage. Is Now the Time to Refinance?
Bank of Canada recently announced a pivotal rate cut, sparking discussions among homeowners, real estate investors, and mortgage holders. Whether you’re a first-time buyer or a seasoned investor, understanding the impact of this move is crucial for making informed financial decisions. What Is a Rate Cut, and Why Does It Matter? The Bank of Canada’s […]
What You Need to Know About Bank of Canada’s Rate Cut on July 24, 2024 and Mortgages
On July 24, 2024, the Bank of Canada announced a significant interest rate cut, reducing by 25 basis points. This unexpected move has shaken the financial and mortgage markets, causing everyone to rethink their plans. This post explains why they cut the rate, the chance of another cut in September, and what it means for […]
