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THE PRIME STAYS PUT, WHAT DOES THIS MEAN TO VARIABLE RATE

The Bank of Canada has announced that their lending rate will stay at 1% which means that Prime (the rate that consumers pay) will stay at 3%. The major banks were thinking that Prime was going to increase, every indication showed to them that Prime was going to go up. In turn, the banks started to give a better variable rate discount to consumers.   Let me explain, when the Five Major Banks ...

WHY CHOOSE A MORTGAGE BROKER...

This is the one question that I get asked the most, Why choose a mortgage broker? What do they have that I can't get from my own bank. and What does a mortgage broker do for me? To answer these questions let's take one at time. What can a mortgage broker offer that a bank can not?  A mortgage broker first of all gives you choice! They also give you expert advice, Most mortgage brokers have ...
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