Mortgage Blog
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What does the Bank of Canada's rate cut mean for the housing market?
April 2, 2025 | Posted by: Angela Robinson
The Bank of Canada has cut interest rates for the seventh time in a row, making homeownership more affordable than it has been in years!???? Lower borrowing costs mean reduced mortgage payments, and with wages on the rise, now could be the perfect time to buy.
???? Experts predict a stronger housing market, though global uncertainties may create some hesitation for certain buyers.
???? If you have a variable-rate mortgage or a floating line of credit, you could see immediate savings from this rate cut!
???? Whether you're looking to buy, sell, or refinance, Alberta Mortgage Professionals is here to help you navigate this opportunity with expert guidance. Contact us today at 780 701 3888 or marc@albertamortgagepros.ca to explore your mortgage options!
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