The Bank of Canada has decided to hold its key interest rate at 4.5% and continue to pause its rate increases.
Good news for home buyers – in light of recent events in the financial market, we have started to see fixed rates decrease 📉
The next scheduled Bank of Canada rate announcement will take place on June 7th 📅
Make sure to reach out to your Mortgage Broker to talk about your mortgage rate, and get yourself pre approved!
If you need any recommendations, I know a couple great Mortgage Brokers that would be happy to be of assistance ☎️