Bank of Canada Cuts Rate

For the first time since September 2010 the Bank of Canada cut rates a qurter of a point to 0.75%. Canadian banks are expected to follow , with a reduction in mortgage rates and loans.

Rates are expected to stay low for this year, before rising in 2016. All depends on the price of oil.

This presents a great opportunity for Vancouver real estate buyers to purchase a condo and lock in their mortgage.

For more info on mortgages contact Jeff Fraser

Have a mortgage question? Give me a call at 604-328-0077

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