| Term | Bank Rate | Our Rate |
| 1 Year | 5.84 % | 4.69 % |
| 2 Year | 5.14 % | 4.54 % |
| 3 Year | 6.05 % | 4.29 % |
| 4 Year | 5.99 % | 4.29 % |
| 5 Year | 6.09 % | 4.44 % |
| 7 Year | 6.40 % | 5.34 % |
| 10 Year | 6.80 % | 5.44 % |
RENEWING YOUR MORTGAGE You are now a home owner, you have settled into the new place and before you know it, your mortgage is up for renewal! What do you do…… Well, a common mistake we find is that most people just go back to their existing mortgage lender and sign a renewal, but wait…
As expected, the Bank of Canada refrained from cutting interest rates at today’s policy meeting. The recent economic news has shown a marked improvement, precluding the Bank from following on the previous two rate cuts this year. The key policy overnight rate is only 50 basis points (one-half of one percentage points) and another 25 basis
