The Bank of Canada has announced to day that there will be no change in the overnight lending rate. The Bank of Canada prime rate will remain at 1.00%.
Mortage rates recently dropped and now may be a good time to look into locking in a low mortgage rate as interest rates are expected to rise by the fall. Checking today’s best mortgage rates on the right side of this page shows a 5 year closed rate is available at 3.59%. Click on that rate table for more info.
Browse homes for sale in the Southern Georgian Bay area at GeorgianBayLife.com