The Bank of Canada announced a 25-basis-point rate cut today, bringing the overnight rate to 2.25%. This move reflects ongoing softening in the Canadian economy, including slower business activity and easing inflation. It is intended to help support households during this transition.
Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates. However, many intending homebuyers remain on the sidelines due to uncertainty about their economic future.
Paying down your mortgage as early as possible is one of the best suggestions that financial advisers make to their clients. After all, throwing extra money at the biggest debt you may have can result in big interest savings and being mortgage-free years sooner.
With winter just around the corner, it’s time to get your house in shape for the cooler months ahead. Although autumn can be one of the busiest seasons for homeowners preparing for winter, it’s also the best time to take advantage of the moderate weather to repair any damage before the first frost sets in.
Books are entertaining and enlightening, and can be a beautiful decorative element in a room if you learn how to display them in an effective way.
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