Bank of Canada Interest Rate Announcement: What It Means for First-Time Homebuyers in June 2024
The Bank of Canada announced its first cut in quite some time, a 0.25% decrease that brings the overnight interest rate to 4.75%. For a first-time homebuyer, the Bank of Canada’s interest rate announcement is a crucial event that impacts your homebuying journey. The central bank’s decisions on interest...
Is the Bank of Canada Interest Rate Hike Really of Concern?
With a hike of 0.25%, the Bank of Canada has raised the interest rate last week to 0.5%. This has been the talk all over the country apart from the high gas prices. The rate of headline inflation has soared to a 30-year high to touch 5.1% recently, not...