CTN Developments

The Bank of Canada has cut its key interest rate by 0.25%, bringing it down to 2.50%, the lowest in three years.

Why this matters if you’re looking to buy:

Lower mortgage rates = smaller monthly payments

Increased affordability = more options within your budget

Better borrowing conditions = easier to qualify and plan ahead

For many Torontonians, this shift could open the door to homeownership sooner than expected.

Thinking about buying? Now may be the time to revisit your plans.