Bank of Canada reduced its policy interest rate by 25 basis points. Read the full press release HERE. Most Bank’s Prime rate will reduce to 4.95%.

What This Means for You:

Variable-Rate Mortgage Holders: Expect lower interest costs
Adjustable-Rate Mortgage Holders: reduced monthly payments, approximately $13/month for every $100k in balance
Fixed-Rate Mortgage Holders: fixed rates are influenced by bond markets, this cut does not reduce fixed rates by 25 basis points.
Homebuyers: Lower rates improve affordability, but demand may increase, impacting home prices.
Want to Learn More?

We’re hosting two upcoming FREE webinars to help you navigate these changes:

Mortgage Renewals – March 19 – sign up HERE

Home Buyers – April 9 – sign up HERE

If you have questions or want personalized advice, feel free to reach out or register for a webinar. We’re here to help!

Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

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