BENCHMARK INTEREST RATE REDUCED TO 4.75%
Posted on Jun 11, 2024
What do lower rates mean to you and the market
It’s been 4 years since we’ve seen any interest rate reductions from the Bank of Canada and over 2 years since they embarked on a dramatic upswing in rates to help curb inflation. Lower inflation is certainly ideal, but higher interest rates have substantially increased housing costs for many Canadians...