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New Testimonial - The Perfect One

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It is my pleasure to recommend Mr. Graham Ogden as a top real estate agent who helped us purchase our first home. Graham went above and beyond in searching for our home. Even though we had a lengthly list of what we wanted, his patience and determination led us to the perfect one. We recommend Graham for his expertise, experience and integrity.

 

11-Jul-15

Cris& Jenessa N.

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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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