Effect Of Rate Cut On Canadian Real Estate Market

In its recent rate cut, the Bank of Canada dropped its benchmark interest rate by 25 basis points for the second time this year, lowering it to 4.5 percent. This is the lowest rate ever since April 2023. If you are planning to apply a mortgage, may be now is the best time to apply it. To find out what experts think about this rate cut, we have framed the comments of leading mortgage experts. 

Here’s what experts think about how the changes would affect Canada’s real estate markets:

• Could offer new optimism: Ratehub.ca

• Expect smaller monthly payments: CPA Canada

• ‘A small boost’: Royal Lepage

• ‘A little more breathing room’: Rates.ca.

For more insights, visit:  https://www.sandhusranmortgages.com/blog/effect-of-rate-cut-on-canadian-real-estate-market/