📢 Big News: Bank of Canada Cuts Interest Rate to 3%! 📉
The Bank of Canada just reduced its policy rate by 25 basis points to 3% and announced the end of quantitative tightening. This could have a big impact on your mortgage options!
🔹 What This Means for You:
✔️ Lower Mortgage Rates: If you're renewing or looking to buy, now is the time to explore your options.
✔️ More Affordable Borrowing: Lower rates could mean smaller monthly payments and more purchasing power.
✔️ Refinance Opportunities: If you’re thinking of refinancing to access equity or consolidate debt, this could be a great time.
The market is shifting—let’s make sure you’re in the best position possible. If you have any questions or want to discuss how this affects your mortgage, reach out! I’m here to help.
https://www.dianebuchanan.ca/bank-of-canada-rate-announcement-jan-29th-2025
