Finance & Mortgage

How the Recent Interest Rate Cut Will Save Quebec Homeowners

Quebecers are responding to the recent interest rate cut announced by the Bank of Canada on Wednesday, June 5 at 10:30 AM ET. Since July 2023, the key interest rate had been maintained at 5%, affecting the real estate market, house prices, and transactions throughout the province and the country....

Real estate

Good News for the Real Estate Market: The Bank of Canada Lowers Its Key Interest Rate to 4.75%

Expected Turning Point for the Real Estate Market For the first time since July 12, 2023, the Bank of Canada has lowered its key interest rate, reducing it from 5% to 4.75%. This decision marks a long-awaited turning point for the real estate market. Although an interest rate of 4.75% remains hi...