With Bank of Canada rate cut, sub-2% mortgages are coming

Financial Post   By this time next week, Canadian consumers borrowing for a home might be looking at the lowest rates in the country's history as a result of the Bank of Canada's rate cut on Wednesday.  Interest rates on the discount market are already 2.05% on a variable rate, five-year mortgage and 2.57% on a five-year, fixed rate mortgage, said Rob McLister, editor of Canadian Mortgage Trends.


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Michael James

Michael James

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