What a 50bps Rate Cut Means for Homeowners and Sellers in Canada
Hey there, homeowners and sellers! Did you hear the news? On October 23, 2024 The Bank of Canada slashed interest rates by 50 basis points (that’s a fancy way of saying half a percent). This reduces the ‘overnight rate’ to 3¾%. This is big news for anyone with a mortgage or thinking about selling their … Continued