What the Recent Bank of Canada Interest Rate Cuts Mean for Home Buyers and the Housing Market
Thursday Sep 5th, 2024
ShareThe Bank of Canada made headlines once again by cutting its benchmark interest rate for the third consecutive time this year, bringing it down to 4.25%. While the Bank has signaled the possibility of further cuts, it has also emphasized the need to guard against inflation falling too far below its target of 2%. As we look ahead, it’s essential to understand what this means for home Buyers, the housing market, and the broader economy. A Closer Look at the Rate Cuts The most... [read more]