New Testimonial - A Helpful GuideGraham was an excellent agent and very helpful for a first time buyer. He was helpful in explaining the process and what I would need to do as well as maintained very good contact through out the whole process. He was knowledgeable and helped to guide the process without any pressure. Overall I would rate Graham as excellent and would not hesitate to approach him again in the future if I need a realtor, or to recommend him to friends.
26-Jul-16 Jeffrey F. 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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