📢 Bank of Canada Cuts Interest Rate to 3% 📢 On Wednesday, the Bank of Canada lowered its interest rate by 25 basis points, bringing it to 3%, citing concerns about a potential trade war with the U.S. that could stunt economic growth in the years ahead. 💡 What Does This Mean for You? 

🏠 On an $800,000 mortgage at 3%, your monthly payment would be $3,364—a significant saving compared to higher rates. 💰 Lower interest rates may present great opportunities for homebuyers and those refinancing their mortgages. 

⚠️ But Caution is Key: With economic growth uncertainty and potential tariffs on the horizon, be mindful of overspending and consider securing your financial future. At Concierge Realty Group, we're not going to sugarcoat it, we're here to help you navigate the real estate market in these changing times. Let’s explore how you can make the most of today’s rates without overlooking tomorrow’s risks.

 Wasim Jarrah, Broker, FRI

 eXp Realty Concierge Realty Group

 ☎️416-899-5566 

🔗www.getconcierge.ca 

📧[email protected]