Understanding the Recent Interest Rate Cut in Canada and Its Impact on Real Estate Market The Bank of Canada recently announced a 50-basis-point rate cut, marking its Final Cut for 2024. This decision, part of an effort to stimulate the economy is setting the stage for a changing real estate landscape in 2025. For Buyers:Lower interest rates bring relief to potential homebuyers, as borrowing costs...
The Bank of Canada has cut interest rates today 4.5%, and this decision has several implications for the real estate market: Lower Borrowing Costs- Cheaper Mortgages: Lower interest rates mean lower mortgage rates, making it cheaper for buyers to finance home purchases. This can increase home affordability and stimulate demand. Increased Buyer Activity- Boost in Demand: With cheaper borrowing costs,...
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