New Tesimonial - Positive and Enjoyable

For First Time Home Buyers, we found Graham to be very patient (at least 2 years waiting for us to prepare to buy a home ) and knowledgeable and to the point in his search on finding us our first home. You always hear that there are a lot of things you don’t know when buying a house, Graham was very forth coming of what we needed to expect and know about buying a home. Working with Graham was a very positive and enjoyable experience.

 

19-Aug-15

Gary & Leslie

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Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

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