Bank of Canada (BOC) Interest Rate Drops By 25 Basis Points To 4.75% (Real Estate - Other Real Estate Ads)

Item ID 3892906 in Category: Real Estate - Other Real Estate Ads

Bank of Canada (BOC) Interest Rate Drops By 25 Basis Points To 4.75%
The much awaited news for mortgage borrowers is here. The Bank of Canada lowered interest rates by 25 basis points to 4.75%. The Bank of Canada’s policy rate, also known as a benchmark rate or overnight rate influences a bank’s prime rate, which impacts interest rates paid on mortgage products. The rate drop is good news for buyers and sellers, but it isn’t a game changer. The cut will bring in more reductions in 2024 and 2025. The lower borrowing rate is a good news for Canadian homeowners and prospective buyers.
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Target Prov.: British Columbia Target City : All Cities Last Update : Jun 17, 2024 3:04 AM Number of Views: 100	Item Owner : Satbir Bhullar Mortgage Contact Email: (None) Contact Phone: (None)

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2024-11-21 (0.385 sec)