Bank of Canada Lowers Interest Rate to 4.25% – What This Means for You
The Bank of Canada recently reduced its interest rate to 4.25%. This policy shift could bring significant changes for Canadian homeowners and those considering entering the housing market. At Invis, we aim to help you understand how this impacts your mortgage and what actions to consider moving forward. Understanding the Rate CutAfter a series of rate increases to combat inflation, the central bank has eased its stance in response to improving economic conditions. Lowering the interest rate is intended to stimulate...
