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5 Potential Impacts of a BoC Rate Cut

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5 Potential Impacts of a BoC Rate Cut As the Bank of Canada gears up for its announcement tomorrow, there’s widespread speculation about a potential cut in the overnight interest rate. If this happens, the real estate market could experience notable changes, impacting buyers, sellers, and investors alike. Here’s what we might expect: 1. Lower […]

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Exploring Canada’s Extended Mortgage Amortization Period: What Homebuyers Need to Know

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In a groundbreaking move announced today by Finance Minister Chrystia Freeland, the Canadian Federal Government has extended the maximum mortgage amortization period for insured mortgages for first-time homebuyers from 25 years to 30 years. This significant policy change aims to make homeownership more accessible by spreading out mortgage payments over a longer period, potentially easing the financial burden for aspiring homeowners. Read our full article exploring the implications of this announcement and what it means for homebuyers and the real estate market.

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