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Facing Economic Change with Confidence: Smart Moves for Homeowners & Buyers
May 1, 2025 | Posted by: Daryl Johnson
Recent reports show a dip in Canadian business and consumer confidence, with one in three companies anticipating a potential recession within the year. While that may sound concerning, it’s also a valuable time to pause, reassess, and prepare.
Rising input costs and global trade tensions are making businesses more cautious. But for mortgage holders and those looking to buy, this environment can present new opportunities—especially if rates begin to shift.
Interest Rate Outlook
The Bank of Canada has held steady, but evolving economic data could prompt changes. A rate cut could mean lower borrowing costs, while inflation pressures could nudge lenders to adjust rates slightly.
What This Means for You
Staying informed and flexible is key. Rate changes may open up refinancing opportunities or affect your choice between fixed and variable products.
3 Positive Actions You Can Take Today:
Stay Informed
Understanding how economic trends affect mortgage rates gives you the power to make sound decisions.
Review Your Mortgage Strategy
Whether you’re renewing, refinancing, or buying your first home—now’s a great time to assess whether your current plan still fits your goals.
Get Trusted Advice
You don’t have to navigate this alone. A quick chat with a mortgage advisor can help you feel confident in your next move.
Yes, change is in the air—but with smart planning and the right support, you can move forward with clarity and control.
Let’s talk strategy.
Call or text me at 519-538-6772
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