Bank of Canada Lowering It's Overnight Rate by 0.25%

Bank of Canada has made a surprising move by lowering it's overnight interest rate from one per cent to three-quater of a per cent.

The major banks will most likely to follow the move and drop their prime rate from 3% to 2.75%.

When it does happen, the lowest 5-year variable rate could be 1.85% (P-0.90%).

Please contact us to find out how you can apply.

Valueland Mortgages