Скачать или смотреть 🇨🇦 GOOD NEWS CANADA!

The Bank of Canada has reduced the overnight rate to 2.25%, a 25 basis point cut, bringing the prime rate down to 4.45%! 📉

💡 Here’s what that means for you:
🏦 If you have a variable mortgage with banks like Scotia or National Bank, you’ll now save about $15 per $100K, that’s $150/month on a $1M mortgage!
💰 More of your payment now goes toward principal and less toward interest.

⚠️ However, if you’re with TD, RBC, or BMO, you might not see much change in your monthly payment.

📊 Remember:
Interest rates aren’t the only factor driving the housing market.
Recent changes in immigration policy and job trends also impact where the market’s heading.

✅ My advice? Don’t rush, but analyze smartly and work with the right realtor.
It’s a great time for first-time homebuyers to enter the market!

🏡 Any confusion or questions?
I’m here as your real friend in real estate, Subrat Nayak.

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