Economy

Bank of Canada lowers key interest rate to 4.5%

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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