Bank of Canada Holds Rates Steady at 2.75% 📢

The Bank of Canada has announced today that it will hold its overnight lending rate at 2.75%—this marks the third consecutive rate hold in a row.

📈 What this means:The Bank continues to take a cautious approach, keeping rates stable as it monitors inflation and economic data. For mortgage holders and home buyers, this offers some short-term predictability in an uncertain market.

🏡 If you're thinking about:

• Purchasing your first or next home

• Refinancing your mortgage for a better rate

• Exploring your options as rates hold steady

Now is a great time to review your mortgage strategy.

Feel free to reply to this email or book a quick call with me. I'm here to help you make the most informed choice for your situation.

Sameer Nagpal

The Mortgage Guy