How Economic Uncertainty Impacts First-Time Home buyers
How Economic Uncertainty Impacts First-Time Home buyers As of September 2024, the Bank of Canada has reduced its policy interest rate to 4.25%. This marks the third rate cut of the year, following reductions in June and July. These cuts have been driven by easing inflationary pressures and efforts to stimulate economic activity. The Bank has indicated that additional cuts may follow as inflation continues to decline, with the next interest rate announcement scheduled for…