| Term | Bank Rate | Our Rate |
| 1 Year | 3.14 % | 1.64 % |
| 2 Year | 3.19 % | 1.54 % |
| 3 Year | 3.49 % | 1.54 % |
| 4 Year | 3.74 % | 1.64 % |
| 5 Year | 4.59 % | 1.59 % |
| 7 Year | 5.35 % | 2.19 % |
| 10 Year | 5.60 % | 2.39 % |
RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.
Many people have been phoning and asking us about how best to take advantage of the Home Renovation Tax Credit. Many people don’t know how to take full advantage of this…and time is running out. HRTC is a non-refundable tax credit based on allowable expenses for work done, or renovation items purchased after January 27, 2009, and before
