Mortgage News: The Bank of Canada has reduced the interest rate by 0.25%, bringing it down to 4.75%. This is the first reduction in two years, with inflation at a promising 2.7%. More rate cuts are expected this fall, making now a great time to secure a good deal with a long closing period.
If you have any questions or need guidance on the new MLS system or mortgage changes, just give me a call. I’m here to assist with any real estate needs you have.
Wishing you a fantastic summer and looking forward to hearing from you!
All the best,
Elena