BOC Raised Interest By Another 0.25%

On Wednesday, October 24, 2018, Bank of Canada announced to raise the over night lending right by another 0.25%. Effectively, the mortgage prime rate has increased from 3.70% to 3.95% with most lenders. (TD mortgage prime increased from 3.85% to 4.10%).

If you wonder whether this is the good time to lock in your variable rate, please talk to us to explore your options.