The Bank of Canada has reduced its key interest rate to 3.75%, marking the first 50-basis-point cut since the pandemic. This larger-than-expected reduction comes as inflation has stabilized within target levels, and the bank aims to support sluggish economic growth. While the cut is welcome news for variable-rate mortgage holders, fixed-rate borrowers are less likely to see immediate relief. The … Read More

The recent introduction of new 30-year mortgage terms and down payment regulations sparks concerns over rising home prices. However, these changes offer potential advantages, especially for first-time home buyers. With more flexible loan terms, aspiring homeowners can enjoy easier entry into the housing market, making homeownership more attainable. While some fear increased prices, these adjustments may provide new opportunities for … Read More