The Bank of Canada expects economic recovery in Canada to be more gradual than it had projected in July.  Based on no increase today to the key rate, lenders are expected to keep their prime lending rate steady.  Variable-rate mortgages, variable-rate credit cards, and home equity lines of credit are typically linked to a lender’s prime rate.  While pricing for fixed-rate mortgages is not directly affected by today’s announcement, rates on certain fixed products have been declining recently.

We can help you get the best financing option to suit your needs.  Call The LaLiberté Investment Team if you'd like to discuss current trends in mortgage rates or any other financial matter.