Bank of Canada Announcement

Bank of Canada increased rates April 4, 2011 Stating reasons of increased costs on bonds.  Mortgage rates are still at a record low. Bank Prime at 3%. Variable rate mortgages expected to be available at 2.25 % and 5 year fixed mortgages in the3.89 to 4% range. Make sure you explore refinancing options to possibly save thousands of dollars in interest costs and shorten the time it takes to pay off your mortgage. Or perhaps it's time to take advantage of the market changes and the low interest rates to move up to that larger home. Give the family some more space....and with rate differences its probably in the budget. Why not talk to one of our Mortgage Specialists we have listed or give us a call or email for assistance. The possibilities are endless. Change is Great!