10/29/2025
๐ Big News from the Bank of Canada!
The policy interest rate has been decreased by 0.25% (25 basis points) โ and thatโs great news if youโre a homebuyer or mortgage holder! ๐ก
So, what does this mean for you?
โ
Lower Borrowing Costs: If you have a variable-rate mortgage, your payments may go down!
โ
Better Affordability: A lower rate can increase your purchasing power, helping you qualify for a higher mortgage amount.
โ
Great Time to Refinance: Homeowners with existing mortgages could refinance to lock in lower rates and save on interest.
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Boost for First-Time Buyers: Smaller monthly payments can make entering the housing market more affordable.
Every situation is different, and Iโm here to help you understand exactly how this change impacts your mortgage or buying plans.
๐ฌ Letโs chat about your best mortgage options today!
๐ Raman Tiwana
Mortgage Specialist | ProMortgages
๐ฑ 403.430.1555
๐ง [email protected]