18 Sep Why September is the Best Month for House Hunters to Lock in Mortgage Rates
Posted at 02:58h
in Articles
The Bank of Canada reduced the overnight policy rate by 25 basis points to 4.25%, continuing a trend of decreases since June. This adjustment aims to stimulate economic growth and address remaining slack as inflation eases. Although inflation overall is decreasing, persistent price pressures in shelter and some services remain a concern. The economy grew by 2.1% in the second quarter, slightly above forecasts, but recent indicators suggest risks including slowing economic activity and stalled employment growth.