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New Testimonial - Amazing Experience

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Our experience with Graham was amazing! He took all of our little wants and needs and was extremely patient with us in finding the right home for our growing family. We are now happy first time home owners to what could very well be the only home we ever have to purchase! We will be telling anyone we know looking to find their perfect home to call Graham!!

 

25-Jun-15

Jacqueline G.

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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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