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Thank you all for making 2024 a great year. As the holiday season fills Guelph with joy and cheer, we at Coldwell Banker Neumann are taking a moment to reflect on the year that has passed. We are incredibly thankful for the trust and support of our clients and the hard work of our CBN family. Your faith in us inspires everything we do, and 2024 has been a year full of achievements thanks to you.

The Bank of Canada has made its final interest rate announcement of 2024, reducing its benchmark rate by 50 basis points to 3.25%. This is the fifth consecutive rate cut, reflecting ongoing efforts to support economic growth amidst rising inflation and a mixed global economic outlook. While economists speculate on future rate movements, this reduction has significant implications for Canada’s real estate market.

Winter in Guelph and the surrounding areas is as beautiful as it is challenging for homeowners. Whether you’re staying put or considering selling your home this season, taking proactive steps to prepare your property can save you from headaches and help maintain its value. From safeguarding against frost to enhancing curb appeal during the colder months, here are essential tips to keep your home winter-ready.

In a highly anticipated move, the Bank of Canada (BoC) has lowered its key interest rate by 25 basis points, bringing it down to 4.25%. This marks the third consecutive cut since June, signaling the central bank’s ongoing efforts to navigate the complexities of Canada’s economic landscape. While the reduction was largely expected, the broader implications of this decision reflect the central bank’s cautious approach to managing inflation and sustaining economic growth.