In a bold move aimed at supporting economic growth, the Bank of Canada (BoC) has cut its policy rate by 50 basis points, bringing it down to 3.75%. This is the largest rate cut since 2020 and signals a significant shift in the Bank’s approach as inflation returns closer to the target range. But what does this mean for homebuyers, sellers, and investors? Why the Rate Cut Matters For the first time in over two years, the BoC has taken substantial action to lower borrowing costs. This... [read more]

Home buyers should jump into the market before interest rates go down, says expert.  Housing market to heat up once Bank of Canada starts cutting rates. Home buyers who are already pre-approved for a mortgage should enter the housing market now instead of waiting for interest rates to go down, according to one industry expert. The spring housing market is expected to be “very hot” because of the pent-up demand for properties, said mortgage broker and... [read more]