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Bank of Canada Cuts Rates Again, What It Means for Buyers & the Market The Bank of Canada announced another 25-basis-point rate cut yesterday, bringing the overnight rate down to 2.25%, the lowest level we’ve seen since mid-2022. As a result, Canada’s prime rate will drop to 4.45% effective today. This marks the second consecutive cut from the Bank, but based on today’s comments, it also sounds like it could be the last one for a while. Why The Bank Cut Rates Governor Tiff Ma

Navigating the world of mortgages can be overwhelming, especially when it comes to understanding the intricacies of mortgage renewals. Many homeowners find themselves at a crossroads as their mortgage term comes to an end, unsure of their next steps. This guide aims to demystify the mortgage renewal process, providing you with the essential knowledge to make informed decisions. What is a Mortgage Renewal? A mortgage renewal occurs when your current mortgage term expires, and

Buying your first home can be an exhilarating yet daunting experience. With so many options and processes to navigate, it’s easy to feel overwhelmed. However, understanding the mortgage landscape can simplify your journey and empower you to make informed decisions. This guide will break down the essentials of first-time homebuyer mortgages, making the process easier and more accessible. Understanding Mortgages What is a Mortgage? A mortgage is a loan specifically used to purc