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恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…

The BoC cut rates by 50 basis points as inflation nears 2% and GDP growth slows. Upcoming GST break, mortgage cap increase, and $250 rebate may boost spending amid U.S. tariff concerns.

Lower Variable Rates: Mortgage rates ↓ 0.5%, with broker rates around 4.3%, slightly easing monthly payments. Affordability Boost: Buyers gain ~$30,000 in purchasing power, improving access to homes.

Two million mortgages will renew at higher rates, causing significant financial strain in 2025 and 2026. 1.2M mortgages will renew in 2025, with another 980K set for renewal in 2026.

Scotiabank: Supported a 50 bps cut, highlighting it aligns with market expectations, despite concerns over rising core inflation and economic risks CIBC: Agreed with the 50 bps cut, arguing it’s reasonable and fits the need for further stimulus into 2025 to boost economic growth.

The Bank of Canada announces a significant interest rate cut to stimulate the housing market. Rate cut expected to ease borrowing costs, boosting demand amidst slow GDP growth and global uncertainty.

Bank of Canada reduces policy rate by 50 basis points to 3.25%, marking the second consecutive half-point cut.Economists predict further cuts, with rates potentially reaching 2–2.25% by mid-2025, aiming for target inflation.The next interest rate decision is scheduled for Wednesday, January 29, 2025.

Canada's mortgage model ensures low default rates and financial stability, unlike 30-year U.S. fixed-rate loans. Recent rate cuts had limited impact due to high bond yields affecting fixed-rate mortgages.