06/12/2025
š” June Mortgage Market Update ā What You Need to Know
On June 5th, the Bank of Canada cut its key interest rate by 0.25%, marking the first rate drop in over four years. Itās a small but meaningful shiftāand a signal that change is in the air for borrowers.
Hereās what it could mean for you:
š» Variable-rate holders may start to see lower payments
š Fixed-rate options could follow suit in the coming months
š Qualification rules may ease slightly as rates soften
While this isnāt a dramatic change yet, it's a potential turning point in the market. Whether you're buying, renewing, or refinancingāNOWās a smart time to revisit your mortgage strategy
Every situation is different. If you're wondering how this affects your plans, let's connect and talk it through.
š© DM or book a quick callāweāve got your back.