Bank of Canada Holds Qualifying Rate at 0.25% !

Welcome back everybody! We hope you enjoyed your summer. As we move into fall, rates are still low and the Bank of Canada (BOC) is keeping their benchmark qualifying rate of 0.25% - with no indication of future negative interest rates. The BOC is expected to keep this rate unchanged well into 2022 to help economy recover. The next bank rate announcement is set for Wednesday October 28th. 

Read more here- link to Sherry Cooper article: https://mailchi.mp/24a580219d93/bank-of-canada-holds-rate-at-25-bps?e=d7fb05a9ad

With this low interest environment, there has never been a better time to reach out to your clients. Whether they are looking to purchase or simply refinance, don’t hesitate to reach out to us. It is always best for your clients to get professional assessment about their current personal situation so they can lock in a mortgage tailored to their needs.  

We’re here when you need us!