Bank of Canada met today - Did rates go up?

Welcome to September! The Bank of Canada met this morning and left the prime rate stable and it doesn't look like rates will be increasing any time soon. The expectation is that, next year once the American Federal Reserve starts to increase rates, the Bank of Canada will follow suit. For the time being, variable rate mortgages are a an excellent option for those looking to make larger payments and decrease their principals more quickly. This week I am really excited to be helping several families buy homes. Many have been looking for a long time and finally found what they are looking for. If you are considering a home purchase and are not sure where to begin, call me! I can get you pre-approved for financing and introduce you to my team of realtors who can assist with searching for a new home, and selling your current home, if necessary