On March 12th, the Bank of Canada lowered the overnight rate again, cutting its policy rate by another .25%, to 2.75%. If you have a variable-rate mortgage or a secured or unsecured line of credit, you should see a decrease in your effective interest rate shortly. How does this affect you? The majority of lenders […]
Month: March 2025
Another Look at Fixed, Variable and Adjustable Rate Mortgages
More than ever homeowners are researching mortgage options more actively and reach out to me for additional information and advice on a daily basis. With interest rates outside of client’s comfort levels combined with non-stop talk from friends, family, colleagues, on top of social media and the “news”, it is no wonder many are finding themselves […]