09/07/2022
Interest Rate Update:
Regardless of what happens with the Prime Rate (next Bank of Canada Announcement is Sept 7) or future rate adjustments the feds may cook up, the lenders are going to start getting creative. If there are fewer deals out there for banks to get, they are going to be forced to get competitive with each other and you’ll see products & temporary rate games being played to get your business.
Banks need to lend money in order to make money. So, they will find a way and we will benefit.
How do interest rates affect your ability to borrow mortgage funds for spousal buyout or purchasing a new property? Message me, when you know better, you can do better!