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

“Success is that old ABC – ability, breaks, and courage”.
Charles Luckman

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.

Paul Croteau
Mortgage Specialist
BMO Bank of Montreal
ph: (905) 321-3230
Paul.Croteau@bmo.com

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