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New Testimonial - Made a Difference

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Graham was a pleasure to work with in the purchase of my home. Since it's was my 1st house purchase, I was a bit overwhelmed but having Graham as a Realtor really made a difference. He's friendly, professional, trustworthy and very knowledgeable when it comes to buying a home. He even recommended a mortgage broker and lawyer who were both excellent choices. I would recommend Graham to my family/friends and hopefully can use him as my Realtor when I decide to purchase my next home.   


19-Mar-18

Erik C.

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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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