Mortgage Rates Update

I’ve updated the mortgage rates pages to reflect the recent drop in most rates by the major banks. The RBC rates are not accurate at this time however.

The next Bank of Canada interest rate announcement is expected on September 8th. Check back then to see if there are any changes to the Canada prime rate.

I’ve written about what a great deal I got on my current mortgage and line of credit. I can thank my mortgage broker for that. I’ve been referring some Ontario residents to him but I now have another source for getting the absolute best rates.  If you are looking for a new mortgage or have to renew one, please take a moment to check out RateSupermarket.ca at the following link: Mortgage rates

They offer an online application with links to both banks and mortgage brokers to get you the best available rate on the day you apply.