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📉 Great news for homeowners and investors! The Bank of Canada has just lowered interest rates by 0.25%, bringing the overnight rate down to 4.50%. This marks the second cut this year, setting prime rates to tumble from 6.95% to 6.70%. 🏦💸 🗓️ Don’t forget to mark your calendars! The Bank of Canada has three more rate announcements scheduled for this year: September 4th October 23rd December 11th Stay tuned for more updates and explore how these changes can boost your financial strategies! #canada #realestate #bankofcanadaannouncement #Boc #torontorealestate #canadarealestate #brokerage

Late to share this but praise the lord. If you're a developer, brighter days are ahead. If you're a home owner, enjoy the win. If you're looking to buy a home, act before prices go out of control. If you're a realtor....you guys are making money nevertheless xD #canada #mortgagerates #bankofcanada #realestateincanada #housing #ontario #toronto

This morning, the Bank of Canada reduced its key interest rate to 4.75%. This marks the first rate cut in over four years. The decision aims to support economic growth amid easing inflation pressures. At Neo Financial, we’re committed to helping you navigate how this change impacts your financial decisions, from savings to loans. For more details, read the full article: https://lnkd.in/gPuhjkCu #bankofcanada #canadiannews #announcement

This week on The Living Market, Philip discusses when he believes the Bank of Canada will start cutting interest rates: https://ow.ly/9s0J30sA6Vz. Subscribe, rate and review now. #livingmarket #livingmarketpodcast #philippetursson #IGlivingmarket #philippeturssonpodcast #IG

Bank of Canada delivers half-point cut, bringing key interest rate to 3.75% The latest on Bank of Canada's Oct. 23 interest rate decision The Bank of Canada's governing council lowered the benchmark interest rate to 3.75 per cent from 4.25 per cent. This is the fourth consecutive cut since June and follows three quarter-point moves.  To learn how the recent 50 basis point rate cut will impact real estate buying and selling, contact me at 604-837-3526  #DeepakJagpal #RealEstate #Canada #bankofcanada

🚀 *More good news down the road-Time to buy real estate before all the incentives are gone and price goes up*: 🔥 The Bank of Canada has reduced its interest rates to 4.75%, marking the start of an easing cycle and suggesting the possibility of additional cuts in the future. 💡 Read the full coverage here: https://lnkd.in/gGPbPpry

📢 Breaking News: Bank of Canada Announcement! 📢 On July 24th, the Bank of Canada announced a rate cut of 25 basis points, bringing the interest rate down to 4.5%. 🏦🇨🇦 Stay informed and understand how these changes might affect your real estate decisions. Whether you're buying, selling, or investing, keeping up-to-date with economic trends is crucial. At Monk Nest Real Estate Inc., we're here to guide you through the complexities of the market and help you make informed choices. 📈🏡 💬 What does this mean for you? Let's discuss! Contact us today for personalized advice and insights. #BankOfCanada #InterestRateCut #RealEstateNews #MonkNestRealty #StayInformed #FinancialNews

Here's an overview of today's rate cut by the BoC.

Here's an overview of today's rate cut by the BoC.

The leading variable rate discounts from prime are shrinking despite expectations of a rate cut from the Bank of Canada. Find out more. https://lnkd.in/gcRWvxdE