The Bank of Canada has announced a 0.25% rate cut. A larger adjustment may have been warranted, given the anticipated downward pressure on the economy resulting from the impact of tariffs. This move is expected to influence variable rate mortgages almost immediately with most lenders.

Looking ahead, we may see additional rate cuts as the country navigates through a challenging economic environment. For borrowers reviewing their options, a variable rate mortgage is worth serious consideration, depending on their financial situation and risk tolerance. As always, it's important to speak with a mortgage professional to determine the best strategy for your needs.

John Chrisanthidis, Mortgage Broker (FSCO Lic. M08001294 Mortgage Intelligence FSCO Lic. 10428)

✉️ john.mortgage@rogers.com

☎️ 416-890-1365