Bank of Canada's last meeting with Carney

The Bank of Canada met for the last time under Mark Carney this morning. There was no surprise that Prime was not adjusted. Governor Carney stepped down from his post at the central bank earlier this year to accept the position as the head of the Bank of England. The Bank of Canada sighted that while much of the world is improving economically, Europe remains in recession. Rates will certainly need to increase at some point but that does not seem to be in the near future. If you are a home owner, you have likely received your property tax bill. If your lender had been collecting your property taxes, they will remit those taxes to your municipality. Otherwise you must arrange to pay them yourself. Please note that your principle residences is eligible for the Home Owners Grant regardless of how long you have lived in your home. To claim this grant you must complete the ticket at the bottom of the property tax letter and return it to the municipality OR, you can apply for your grant online. If you do not apply for your grant, you will not receive the $570 off your tax bill. If you have any questions about this or any other mortgage information, please contact me. I am never too busy to answer questions and I always love to connect with my clients.