📣 Positive News from the Bank of Canada – What This Means for You 🏡
Today, the Bank of Canada held the overnight interest rate steady at 2.75%, bringing a sense of stability and predictability to the market. With global uncertainty still in play, this decision offers welcome reassurance for homeowners, buyers, and investors alike.
✅ Homebuyers – It’s a great time to get pre-approved and lock in a rate with confidence.
✅ Homeowners – With rates steady, now’s the perfect opportunity to explore refinancing or renewal strategies.
✅ Investors – Market stability can mean opportunity—especially in real estate.
While inflation and trade policy remain key factors to watch, the Bank’s careful approach signals a commitment to supporting growth and maintaining price stability. This balanced stance is a positive sign for Canadians navigating today’s economy.
📆 The next rate announcement is June 4, 2025—let’s plan ahead together.
📲 Have questions or want to discuss your mortgage goals? Send me a message—I’d love to help!
https://www.dianebuchanan.ca/bank-of-canada-rate-announcement-apr-16th-2025
