As of January 29, 2025

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Here's what the latest rate cut means for you:

The Bank of Canada has lowered its benchmark interest rate by 25 basis points to 3%, marking its sixth consecutive rate cut. This is great news for homeowners and buyers, as lower rates can mean reduced borrowing costs and greater financial flexibility.

If you have a variable-rate mortgage, you may see a decrease in your payments. And if you're considering buying, refinancing, or renewing your mortgage, now could be the perfect time to explore your options.

Want to see how this rate cut affects you? I'm here to help! Let's chat about your mortgage strategy and how you can make the most of these changing rates.