Bank of Canada March 2025 Rate Cut: Impact on Mortgages & Buyers
The Bank of Canada has announced a 25-basis-point reduction in its overnight lending rate, bringing it down to 2.75%. This marks the seventh consecutive rate cut, aimed at mitigating economic uncertainty caused by trade tensions and slowing inflation. For Canadians—especially those in Abbotsford, Surrey, and Edmonton—this development carries significant implications. Whether you are a homebuyer,...