💰 BUYERS: Lower borrowing costs mean better affordability and a great time to enter the market. 🏡 SELLERS: Expect more qualified buyers, faster offers, and stronger sales activity.💼 INVESTORS: Enjoy improved cash flow and rising demand — but watch for market shifts as this may be the final rate cut for now. ✨ Bottom line: This move boosts confidence and opportunity across the market....
One of the key drivers of affordability in home‑buying is interest rates. Recently, the Bank of Canada cut its benchmark interest rate to 2.50%, trimming 25 basis points off its policy rate. Mortgage Professional+3Trading Economics+3Reuters+3 Here’s what that means for you—straightforward and without any hype: ✅ What the rate cut does Lower borrowing costs: With the policy rate down,...