What Interest Rate Cuts ACTUALLY Mean for Canadians

We've just seen our first interest rate cut but what does that ACTUALLY mean for Canadians?
The BOC recently announced their first interest rate cut in four years and Canadian mortgage experts Josh Findlay & Ehren Laycock from ‪@bldfinancial‬ are back on the channel to cover everything you need to know about what how this and future rate cuts will affect the Canadian real estate market.
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[@kevintuttle5026]

It’s really an opportunity for the change in sentiment as we officially enter the rate cutting cycle, however gradual.

[@russellbutler836]

its gonna mean a lot more than it would in the states, they're all locked in for 30 years at ultra-low rates in the US, in canada we have a 5-year fixed max term so people will be looking refinance and pull out cash soon if rates get low enough.

[@CristianEnacheRealtor]

Good things and bad things. Overall, expected by our clients. Not good news for skilled experienced investors.