06/12/2025
🏡 June Mortgage Market Update – 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. It’s a small but meaningful shift—and a signal that change is in the air for borrowers.
Here’s what it could mean for you:
🔻 Variable-rate holders may start to see lower payments
📉 Fixed-rate options could follow suit in the coming months
📊 Qualification rules may ease slightly as rates soften
While this isn’t a dramatic change yet, it's a potential turning point in the market. Whether you're buying, renewing, or refinancing—NOW’s 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.
📩 DM or book a quick call—we’ve got your back.
