B.C. homebuyers welcome lower Bank of Canada key interest rate

The 3.25 per cent cut from the Bank of Canada is welcome news to mortgage holders and would-be buyers here in B.C., where housing costs remain sky-high. But even those keen to see their monthly payments drop say they're worried about what it says about the state of the economy. Michelle Ghoussoub reports. Connect with CBC Vancouver online: Website: https://www.cbc.ca/bc TikTok: https://www.tiktok.com/@cbcvancouver #CBCVancouver #CBCNews #BritishColumbia #bankofcanada #homebuyers #housing