Bank of Canada Lowers Interest Rate to 4.25%
The Bank of Canada has recently lowered its key interest rate to 4.25%, marking the third consecutive rate reduction. This move aims to address slowing inflation while stimulating economic growth. But how does this impact homeowners and potential buyers? At Mortgage Intelligence, we’re here to guide you through what this rate cut means for your mortgage. Why the Rate Change?The rate cut is a response to moderating inflation and signs of economic slowdown. Over the past year, the Bank of Canada...
