The Rate Cut Ripple Effect: Mortgage and Home Buying🏠 The Bank of Canada’s decision to reduce its policy interest rate in July 2024 has sparked significant interest and speculation about its potential effects on the Canadian housing market. As homeowners and prospective buyers keep a close watch on these developments, it's important to understand exactly how these rate cuts could impact mortgages and the broader real estate landscape. This blog will break down the key effects of interest rate cuts on mortgages and what this means for Canadian homeowners. 📌https://thecanadianhome.com/blog/the-rate-cut-ripple-effect-mortgage-and-home-buying #homebuying #mortgage #canadianhousingmarket