BoC Delivers (another) Big Drop
The Bank of Canada lowered its key overnight rate by another 50 basis points (0.5 percentage points), bringing it to 3.25%. This marks the fifth reduction in the central bank’s policy rate since June and the second consecutive cut of this magnitude. Read More
Impact of Bank of Canada’s Interest Rate Cut on the Housing Market
The Bank of Canada’s decision to cut interest rates will have a significant impact on the housing market. When interest rates are lowered, borrowing becomes cheaper, which most often stimulates demand for mortgages and potentially drive up housing prices and real estate demand. Here are some ways in which the interest rate cut may affect […]