Once again the bank of Canada has slashed the interest rate, bringing its key interest rate down to just 3%. As I mentioned in a previous blog, this is not only good news for buyers. If you are a home owner, this is a good time to negotiate a better rate if your up for renewal in the next few months.
If you have any questions or would like to discuss how this might change your buyer power, a conversation with your mortgage specialist is the best place to start!
