Interest Rates
More Room For Rate Relief
People hoping for more interest rate cuts from the Bank of Canada have been getting some good news.
August 28, 2024
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People hoping for more interest rate cuts from the Bank of Canada have been getting some good news.
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
The Bank of Canada cut interest rates for a second consecutive decision on Wednesday (July 24), bringing a sigh of relief to many homeowners