No Bank of Canada Rate Change!

The Bank of Canada is holding its key rate in Stephen Poloz’s first policy decision since he replaced Mark Carney as Bank Governor. The benchmark rate has not changed since September 2010.

Today’s announcement noted that there will be a continuation of steady rates “as long as there is significant slack in the Canadian economy, the inflation outlook remains muted, and imbalances in the household sector continue to evolve constructively.”

The prime rate for most lenders should stay at 3%, great news for variable rate holders. The Bank's next rate decision is scheduled for September 4.

The fixed rate market is in a state of flux! Mortgage brokers are up to date on all changes and their implications. Contact us to discuss your situation and whether a fixed or variable rate mortgage will work best for you.


Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars.

For more information please contact:

Bryan Guertin
Mortgage Agent

905-842-4320
Mobile: 1-877-303-3313
Fax: 905-844-9699
bryan.guertin@migroup.ca
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As always, if you would like to discuss your current real estate situation, I would love to offer my expert knowledge. You can reach me at 905 339 5270, or by email at hans.taal@century21.ca.

________________________________________________________________________________________

Hans Taal  Hans Taal

  Passionate About Real Estate. Devoted to My Clients.

  Sales Representative
  CENTURY 21 MILLER REAL ESTATE LTD.*
  467 Speers Road
  Ontario, L6K 3S4
  Direct Line: 905.339.5270  E-Mail: hans.taal@century21.

 *Brokerage, Independently Owned and Operated

 

 
Hans Taal

Hans Taal

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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