Tag: Bank of Canada

  • Bank of Canada’s Rate Cut: What’s Next for Mortgage Holders?

    Bank of Canada’s Rate Cut: What’s Next for Mortgage Holders?

    March 12th, 2025: The Bank of Canada has lowered its overnight rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut. While this move was anticipated, it comes amid ongoing economic uncertainty and the potential fallout from U.S. trade tensions. The central bank has signaled that further adjustments may be necessary, but…

  • Bank of Canada Cuts Interest Rates: What It Means for Homebuyers and Homeowners

    Bank of Canada Cuts Interest Rates: What It Means for Homebuyers and Homeowners

    Jan 29th, 2025: The Bank of Canada (BoC) has officially lowered its policy rate by 25 basis points, bringing it down to 3.0%. This widely expected move comes amid ongoing economic uncertainty and growing concerns over potential U.S. trade tariffs. But what does this rate cut mean for Canadian homebuyers, homeowners, and the broader housing…