The Bank of Canada rate October 2025 announcement delivered a 0.25% cut, bringing the overnight lending rate down to 2.25%. This change marks another step in the Bank’s gradual easing cycle
BMO Lowers Mortgage Rates
Dated: July 9 2010
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Should there be a negative or positive push on the interest rates with the following two news items?
1. Canadian job market has record growth in June?
2. New home starts have dropped in June?
Well, BMO is lowering rates on some of its mortgage products with 5 year fixed rate dropping from 4.15% to 3.99%. Other banks usually follow suit so more announcements should come shortly.
Read all the details below:
Globe and Mail: Canada adds 93,000 jobs in June
National Post: Unemployment rate falls to surprise 7.9%
The Star: TSX, loonie rise amid jobs data
Happy Home Hunting…
Raj Bajwa
A marketing focused tech savvy realtor using 17+ years of property buying, selling, and investing journey to create magical real estate experiences for all clients. Everyday, I focus on exceeding cli....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating