BREAKING NEWS - Bank of Canada CUTS Rates: What it Means for Your MORTGAGE

The Bank of Canada has made a major announcement that is sure to impact the lives of many Canadians. On September 17, 2025, the bank decided to cut rates by 0.25%, marking the first drop since March of that year. This move has mortgage experts, such as Justin Chaussee, excited for what's to come.

According to Chaussee, this rate cut is a win for both current and potential homeowners. He also believes that this may just be the beginning, with lenders expecting more small cuts in the future. While rates may not return to the pandemic lows, they could potentially settle near 3.5% as home prices continue to recover next year.

This news serves as a reminder for Canadians to pay close attention to announcements made by the Bank of Canada. In addition, it is important to keep an eye on factors such as inflation, jobs, and bond yields, as they can all have an impact on mortgage rates.

In light of this announcement, Justin Chaussee encourages Canadians to start planning early with a mortgage professional. This will not only help avoid any potential renewal and budgeting shocks, but it will also allow individuals to take advantage of the current low rates.

For more information on the Bank of Canada's rate cut and its implications for your mortgage, check out Justin Chaussee's video on YouTube: https://www.youtube.com/watch?v=WSt1bA53FFo.