Clinton Wilkins joins Rob Snow on CityNews Everywhere to chat about the Bank of Canada cutting interest rates by 50 basis points. Clinton explains how the rate cut could increase demand by improving affordability.
TD Bank has increased their prime rate
As you may have heard, TD Bank has recently changed their prime rate.
At this time, your mortgage payments will not change, but on average we would expect to see amortization periods to increase by about 15 months with this prime rate change.
We will be tracking this over the coming weeks and will provide you with more information as it becomes available. If you have any questions please do not hesitate to give us a call at (902) 482-2770.
All the best!
Clinton and team
Have more questions? Feel free to contact us!