Valueland's blog

Housing Market Trend: Low Borrowing Rates; Possible Minimum Down Payment Increase.

On December 02, 2015, Bank of Canada has announced to remain the overnight lending rate at ½ per cent. Our current prime rate stays unchanged at 2.70%.


Following BoC's Rate Drop, Prime Rate Dropps to 2.70% from 2.85% with Most Lenders

Following yesterday's rate reduction by Bank of Canada, most of the major bank has announced to drop the prime rate by 15 bps, makes the prime lending rate at 2.70%.

The lowest variable rate we have now is 1.85%!!!

Apply today to secure the rate!