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The Bank of Canada has slashed interest rates by 25 basis points to 4.75%, marking the first rate cut since March 2022. In today's video, Mason Stepaniuk, your go-to real estate resource, dives deep into the implications of this significant move. Discover how this change impacts Canadian real estate, from increased buyer activity to potential shifts in mortgage rates and costs. If you're a first-time homebuyer, seller, or investor, this rate cut could be a game-changer, offering more purchasing power and affordability.
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