Posted Jun 19, 2024, 1:51 PM
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Join Date: Jan 2010
Location: Hamilton
Posts: 11,703
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Yea, I expect rate cuts to be pretty rapid and people are already more confident now that the rate cut cycle has been confirmed.
If we get another cut in July (I suspect we will), things will speed up even more as actual borrowing costs will actually start to be noticeably cheaper and it's a sign the BoC is going to cut quickly.
I'm a lot less stressed about my mortgage renewal next summer than I was before. Shouldn't be too bad of an increase, I don't think.
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