The Bank of Canada has announced it is cutting its overnight lending rate for the first time since early in the pandemic, to 4.75%. What does this decision mean for homeowners and potential homebuyers? Many Canadians, especially first-time homebuyers and existing homeowners looking to renew their mortgage, have been watching the central bank's rate decisions carefully, as they affect the rate at which Canadian banks can lend money for loans like mortgages. Check out the link below to learn more

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