Bank of Canada Holds Rates Steady — Here’s What It Means for Nelson Buyers & Sellers
The Bank of Canada announced today that it will hold the key interest rate at 2.25%, choosing stability over change as we move into the end of the year. And while headlines often focus on cuts or hikes, a rate hold can be just as impactful — especially in a local, supply-tight market like Nelson. If
Bank of Canada Cuts Rates: What It Means for Nelson’s Real Estate Market
On January 29, 2025, the Bank of Canada announced a 25 basis point reduction in its key policy rate, bringing it down to 3%. This decision was accompanied by a caution regarding potential economic challenges stemming from a prospective tariff conflict with the United States. For residents of Nelson
Bank Of Canada Rate Reduction
The Bank of Canada announced a half percentage point rate cut on Oct 23 2024. This decision is poised to impact buyers and mortgage holders in meaningful ways. Lower interest rates generally translate to lower monthly mortgage payments, making homeownership more accessible for many. With the cost of
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