When the Bank of Canada met last week, they made a decision to raise the overnight lending rates by 25 basis points to one per cent. Many banks and mortgage brokers have responded by raising their fixed rates, up to 5.39%!
However, we have just gotten word that BMO has slashed their five-year fixed rate by 20 basis points to 3.59%!
This cut comes in advance of the usual fall home-buying season. E-mail us today to find out how you can take advantage of this historically low rate and find your dream home!