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July 2024

Bank of Canada Interest Rate Update

Posted on Jul 01, 2024


On July 24th, the Bank of Canada announced a 0.25% decrease in its key interest rate, now set at 4.5%. This change could impact the real estate market and here’s how it might affect you:

Increased Affordability and Demand:

With reduced borrowing costs, homeownership becomes more attainable. Buyers may experience increased purchasing power, potentiall...

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