Big news for homebuyers and homeowners! The Bank of Canada announced this week another 25 basis point cut to its key interest rate, bringing it down to 2.75%. This is the seventh consecutive rate cut and the second one this year—great news for anyone looking to enter the market or refinance their mortgage. And with more rate cuts expected into 2025, this could be a great time to start planning your next move!

 

Hamilton’s real estate market has been buzzing, and lower interest rates can mean more opportunities for buyers to secure a home at a more affordable borrowing cost. That said, the broader economy is still facing some uncertainty, especially with trade tensions and tariffs from the U.S. impacting Canada’s economic outlook.

 

If you're thinking about buying, selling, or just want to chat about what these changes mean for you, let’s connect! I’m here to help you navigate the market and make the most of these shifts.

 

Warm regards,