It's status quo over at the Bank of Canada. As expected, the bank left it's key interest rate unchanged in their rate announcement earlier this morning. If you have a variable rate mortgage or home equity line of credit mortgage your rate will remain unchanged.
The next interested rate announcement is scheduled for December 4th 2013.
Tuesday, October 1, 2013
If you are self employed and are thinking of purchasing a home in the near future, you need to read this article! I'd highly recommend following the advice offered in this article to increase the likelihood of getting approved...
If you have any questions about mortgage financing for self employed individuals please contact me anytime.