Tag Archive: Interest Rates

Bank of Canada Lowers Interest Rate by 0.5%: Impact on Waterloo Region’s Housing Market

On October 23, 2024, the Bank of Canada announced a significant 0.5% cut to its benchmark interest rate in a move aimed at stimulating the Canadian economy amidst slowing growth. This decision brings relief to prospective homebuyers and current homeowners across the country, including in the Waterloo Region. What Does ...

Continue Reading

Navigating the Waves: Bank of Canada Holds Interest Rates Steady

Today, the financial world held its breath as the Bank of Canada made a pivotal announcement: the decision to maintain the current interest rates. This announcement isn’t merely numbers on a screen; it’s a vital sign indicating our economic health, influencing mortgages, savings, investments, and job markets. Understanding the implications ...

Continue Reading