Welcome to 2025: A Fresh Start for New Goals!
January 13, 2025
March Market Madness
March 4, 2025
We hope you have had a great month! February is filled with various activities in Centre Wellington and surrounding areas-check out centrewellington.ca for a calendar of events!
The Impact Group had the chance to attend the Centre Wellington Mayor’s breakfast together on January 29th. Mayor Shawn Watters and CAO Dan Wilson shared a number of highlights from this year’s budget as well as upcoming projects in CW, tourism, parking and key developments for 2025. It was a very informative morning!
Market Update
This week, the Bank of Canada cut its policy rate by 25 basis points, lowering it to 3.00%. This is the sixth straight rate cut and will result in a lower prime rate—which affects variable-rate mortgages and other loans.
How does this impact you?
- For variable-rate mortgage holders: You may see a drop in your interest costs soon. If your payments are fixed, a larger portion of your payment will go towards your principal balance.
- If you have a fixed-rate mortgage: Your payments won’t change for now, so you can expect no immediate impact.
- Other loans tied to the prime rate: Personal loans or lines of credit will also see interest charges decrease.
Looking ahead
The Bank of Canada’s next rate decision is scheduled for March 12, so there will be plenty of economic data released in the meantime that could influence the Bank’s next rate decision.
Client Spotlight: A Wonderful Recommendation
“She acted as the purchasing agent on a property we bought in Orton, near Orangeville. She was recommended to us by Elora residents who knew her.
We found her to be very professional. She was very responsive in her communication with us and seemed very knowledgeable about the area and features that we should be looking for in a home. We appreciated the personal level of detail she brought to our transaction and we would not hesitate to recommend her to any of our family or friends looking in the area.” – D&S, Happy Clients
Our clients aren’t just customers; they’re valued partners in our journey. Every interaction, every project, every success story is a testament to the trust and collaboration we share. Thank you for choosing us, for believing in our vision, and for inspiring us to continually raise the bar.
Stay Connected
This year is full of opportunities to grow, invest, and build lasting value in your life and your community. Whether you’re buying, selling, or simply curious about what the market holds, we’re here to help you make 2025 your best year yet.
Here’s to a year of bold moves and great returns!
Your friends at Impact Realty Group!
