What is the mortgage rate outlook? Now that the Bank of Canada is lowering its policy rate, many expect fixed mortgage rates to fall. However, the impact on fixed mortgage rates may not be significant. Since late 2023, markets have anticipated falling rates, meaning five-year fixed mortgage rates have likely already priced in expected rate cuts.
Continue reading →Mortgage Rate Outlook
Bank of Canada Cuts Rates: Impact on North Vancouver Real Estate
The Bank of Canada has reduced its target for the overnight rate to 4.75%. This decision affects North Vancouver homeowners, buyers, and sellers.
Continue reading →