The Impact of the BOC’s Rate Cut!
In January 2025, the Bank of Canada announced a significant 25-basis-point reduction in its key interest rate, bringing it down to 3%. This move comes as part of the central bank’s ongoing efforts to stimulate economic growth, manage inflation, and provide relief to Canadian households struggling with high borrowing costs. But what does this mean […]
Go Private mortgage lender!
Reason for Private Lower than 600 credit score, you will most likely have to use a private lender’s services. Reason is because they will help you when your credit is bruised. However, since this financing option has a higher risk to the lender, interest rates are always higher. Your Choice Most borrowers consider private lenders […]