This video examines the Bank of Canada's recent decision to reduce interest rates by 25 basis points—the third rate cut in a row. While this cut primarily affects variable rates and lines of credit, fixed mortgage rates have already adjusted and are now in the fours, a notable drop from earlier this year.

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Speakers:

Ralph Fox (Co-Founder and Broker of Record at Fox Marin)

Jason Friesen (Mortgage Agent & Managing Partner, Outline Financial)