Rising Interest Rates: How to Secure the Best Mortgage in a Volatile Market
Over the past year, Canadians have observed rising interest rates, driven by inflationary pressures and the Bank of Canada’s efforts to stabilize the economy. For prospective homebuyers and current mortgage holders, this presents a significant challenge. Higher interest rates mean higher monthly payments and potentially more difficulty qualifying for a mortgage. However, with careful planning […]
Bank of Canada Announces Third Consecutive Interest Rate Cut, Reducing Policy Rate to 4.25%
On Wednesday, the Bank of Canada lowered its benchmark interest rate for the third time in a row, bringing it down to 4.25%. This move, widely anticipated by economists, comes as inflationary pressures continue to ease across the country. Analysts had forecasted a 25 basis point reduction, and the central bank hinted at the possibility […]
