Posted by genieSABRE on Sep 11, 2011
Bank of Canada Prime Rate Update September 7, 2011

Bank of Canada Prime Rate Update September 7, 2011

Prime Rate Holding Low!

Source: Hannif Highclass
Publish:My Blog: 09/07/2011

As anticipated by most analysts, the Bank of Canada has decided to hold the key overnight interest rate at 1%. The prime rate was predicted to rise today as recently as a few months ago. However, the recent nasty economic news from almost all fronts helped convince the Bank of Canada to hold the Canada prime rate at the current level for the time being.

Canadian mortgage rates have already increased slightly due to the economic outlook. RBC and other banks have recently raised variable rate mortgage rates.

If your mortgage is due soon, or you want to lock in a great interest rate, you can find some of the best mortgage rates available Call: Your Mortgage Specialist Hannif Highclass

Also, check our our Mortgage Calculator and like it if you find it useful. Thanks!


Home Owners: If, you already own a home – good for you!

May you be blessed with
warmth in your home,
love in your heart,
peace in your soul
and joy in your life.

However, if for any reasons you do intend to move due to upsizing, downsizing, moving to different town or ??? —
genieSABRE recommend you check out our main web site. You will not be disappointed!

Renters: New immigrant, 1st. Time Buyers Renters – its time to stop making your landlord rich.
genieSABRE FREE consultation, will help you & guide you through the whole process from finding the right home, to mortgage approvals, home inspection, lawyers etc Visit our main web, you will not be disappointed!

Real Estate Investors: Home ownership should be your 1st. priority. If you own your own home – Good for you. But now is the time to take that second step – Buying Rental Property for investment. Commercial, retail or home.
genieSABRE has extensive knowledge and experience in this field. As a developer of commercial /retail plazas (built 3 so far) and owners of residential rental homes, we can guide and advice you as to what is best for you according to your personal financial position.

Call: Hannif Highclass @ 416.444.4252

Do Check out these interesting web sites:

Facebook GTA Toronto MLS Listings

6 Interactive Mortgage Calculators

Sellers Flat Fee Listings & Buyers Cash Rebate



Heard the slogan “JUST DO IT!
This is Your Blog
I did My part
Now it’s Your turn!


Do you think, that Bank of Canada is forced to follow the Fed’s or are we Canadians are strong enough to hold on to our own?


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