5 Year Fixed 1.99%

5 Year Variable 1.85%

Bank of Canada continues to keep interest rates low

Bank of Canada continues to keep interest rates low

Date Posted: September 14, 2020

The Bank of Canada’s recent announcement to continue their pledge to keep interest rates low is a win for many Canadians. The impact of Covid-19 is still being felt throughout the Canadian and global economies and as such the Bank of Canada is looking to continue the positive economic rebound we have seen through each stage of re-opening.

With interest rates being so low, now may be the time to consider buying a home or refinancing your mortgage. If you are a first-time home buyer there is no better time to obtain a mortgage pre-approval. If your mortgage is coming up for maturity, talk to your Mortgage Broker today.

To read the full Financial Post article, click here

Contact your Mortgage Broker today