Tag: Bank of Canada rate cut
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BoC Rate Cuts: What a 25-50 bps Drop Does To Your Payment
Wondering how a 25–50 basis point Bank of Canada rate cut actually changes your mortgage payment? See side-by-side numbers for $600K and $800K mortgages on a 25-year amortization, plus quick context on stress-test qualifying and what this means for delinquencies and affordability. Assumptions (so you can replicate) Formula used (standard mortgage payment):Monthly payment = P…
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Will Interest Rates Drop in Canada in 2025? What It Means for Buyers, Investors & Homeowners
The question on everyone’s mind as we head into Spring 2025: Will interest rates drop in Canada this year? With the Bank of Canada holding its overnight lending rate at 5.00% since July 2023, many Canadians are anxiously awaiting signs of a rate cut. Here’s what current data, expert forecasts, and economic indicators suggest for…
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Don’t Rule Out a 75-Point Rate Cut: Bank of Canada Set for Big Decision
The Bank of Canada is set to make a major announcement on its overnight interest rate tomorrow, and most economists are predicting a significant cut. While a 50-basis-point reduction is the most likely outcome, some experts suggest that an even bigger cut—75 basis points—could be on the table. Could We See a 75-Basis-Point Cut? Avery…
Canada Housing Market 