10/23/2024
Bank of Canada reduces policy rate by 50 basis points to 3.75%.
The Bank of Canada's fourth consecutive rate cut this year is expected to inject new momentum into the housing market, as noted by many industry experts. Lower rates can mean lower mortgage payments and improved borrowing power, making this an ideal time for those looking to secure a mortgage or refinance their existing one.
Donβt miss out on the opportunity to take advantage of the lower rates! Reach out today to see how this rate cut can help you achieve your homeownership goals or improve your current mortgage terms.
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