EPISODE · Jan 30, 2025 · 21 MIN
Bank of Canada Reduces Rates ahead of US Tariffs?
from Make Money Count · host Cannect Inc.
Welcome to this episode of Make Money Count! The BoC lowered its key rate by 25 basis points, bringing the prime rate down to 5.2%—and more cuts are expected! What does this mean for homeowners, investors, and borrowers? Variable vs. Fixed Rate Mortgages – Should you break your fixed rate? HELOC & Line of Credit Rates Rising – What you need to know Housing Market Outlook – Is now the right time to buy? Canada’s Economic Future – What’s next for interest rates? If you're thinking about switching to a variable rate or have a mortgage renewal coming up, now is the time to act! Contact us to find the best mortgage strategy for you.
What this episode covers
Welcome to this episode of Make Money Count! The BoC lowered its key rate by 25 basis points, bringing the prime rate down to 5.2%—and more cuts are expected! What does this mean for homeowners, investors, and borrowers? Variable vs. Fixed Rate Mortgages – Should you break your fixed rate? HELOC & Line of Credit Rates Rising – What you need to know Housing Market Outlook – Is now the right time to buy? Canada’s Economic Future – What’s next for interest rates? If you're thinking about switching to a variable rate or have a mortgage renewal coming up, now is the time to act! Contact us to find the best mortgage strategy for you.
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Bank of Canada Reduces Rates ahead of US Tariffs?
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