Bank of Canada Cuts Rates: What It Means for Nelson’s Real Estate Market
On January 29, 2025, the Bank of Canada announced a 25 basis point reduction in its key policy rate, bringing it down to 3%. This decision was accompanied by a caution regarding potential economic challenges stemming from a prospective tariff conflict with the United States. For residents of Nels
Bank Of Canada Rate Reduction
The Bank of Canada announced a half percentage point rate cut on Oct 23 2024. This decision is poised to impact buyers and mortgage holders in meaningful ways. Lower interest rates generally translate to lower monthly mortgage payments, making homeownership more accessible for many. With the cost of
Recent changes to Canada’s mortgage stress test
Navigating the real estate market in Canada is always a dynamic experience, and recent changes to the mortgage stress test are set to make it even more interesting for buyers. As of November 21, 2024, significant adjustments have been implemented that could positively impact your home-buying journey
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