Bank of Canada Cuts Rates Again

MESSAGE FROM ELENA

Dear <<First Name>>,

I hope your week has been going well! With everyone back to school, college, and university, things have been busy. My kids are back to school too, and I’m happy to share some exciting news—my daughter, Ann, received an award for Excellence in Service for 2024. As a co-op student at Waterloo University, she’s been organizing student events, and her hard work has truly paid off. I couldn’t be prouder!

In the real estate and mortgage world, we also have great news. On September 4, 2024, the Bank of Canada announced its third rate cut of the year. This is very encouraging for buyers, and with plenty of inventory available, it’s a great time to explore opportunities if you’re looking to buy.

Even if you're not planning to buy or sell right now, it’s always a good idea to keep an eye on your home’s value. Reach out to us anytime to join our Home Equity Watch program and stay updated.

Wishing you a wonderful day!

Warm regards,
Elena

ARTICLE NEWS AND PUBLICATIONS

Bank of Canada reduces policy rate by 25 basis points to 4¼%

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

Borrowers could soon see lowest 5-year fixed rates in more than 2 years

Robert McLister: We’re probably not far from seeing 3.99% 5-year fixed rates — at least of the insured variety

What Do Home and Tenant Insurance Cover?

Like most other types of insurance plans, home, condo, and/or tenant insurance can help you feel secure knowing you have safety nets in case of unforeseen circumstances.

ELENA GORDON

Broker of Record

RE/MAX Gordon Group Realty

647-400-9603