Staying Resilient Amid High Rates
What Steady Interest Rates Mean for Canadians in 2024
The Bank of Canada has kept its policy rate at 5% as inflation slows and economic activity moderates. While steady rates provide predictability, higher borrowing costs continue to challenge households and businesses. Homebuyers may find affordability stretched, and current homeowners with variable-rate mortgages are still navigating higher monthly payments.
At The Source Financial, we understand the pressures this creates for Canadian families and businesses. Whether you're refinancing to manage higher costs, leveraging home equity for flexibility, or exploring new purchases, our tailored solutions can help you stay resilient. Start 2024 with a financial plan that works for you.
