In the interest of providing the most up-to-date real estate related information, we will be posting the current mortgage rates available in our area, courtesy of Paul Croteau, Mortgage Specialist with BMO Bank of Montreal.

Rate


Term

5-Year Fixed

5.75%

3-Year VRM

5.40%, Prime minus 0.85%

Quote of the Week

“Defeat is not the worst of failures. Not to have tried is the true failure”.
George Edward Woodberry

The Bank of Canada meets tomorrow and all signs point to the overnight lending rate staying where it is. Good news for those looking to purchase a new home in the near future.

Have a great week!

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