Articles with the Tag “Finding Home”

The June 5th Bank of Canada interest rate announcement has been highly anticipated as Canadians hoped the BoC would finally cut interest rates. And ultimately, they did. As was widely expected, interested rates came down 25 basis points to 4.75%, marking the first time in 4 years that rates have decreased.

On July 24, 2024 the Bank of Canada released its latest edition of the Monetary Policy Report. Read the highlights here, including how policy is working to ease pricing pressures on Canadians.

In a move widely anticipated by financial experts, the Bank of Canada reduced its overnight policy rate by another 25 basis points, bringing the rate to 4.5%. The second straight rate cut is a positive signal for both homeowners and prospective buyers – but what does it really mean for you?

On September 4th, the Bank of Canada announced a 25 bps drop in its policy interest rate, reducing it to 4.25%