Bank of Canada cuts key interest rate for first time since March, bringing policy rate to 2.5%
For every 25 basis point drop, adjustable variable rate mortgage holders can expect to pay approximately $15 less per $100K in monthly mortgage payments, according to Victor Tran, Rates.ca mortgage and real estate expert. “While a 25-basis-point cut will lead to lower variable rates, fixed rates have remained sticky, despite recent dips in bond yields,” […]








