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Bank of Canada Announcement

Market Comment

There was no change in today’s press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%.

This means no changes in variable rate mortgages or line of credit rates.

Five year money ranging from 3.59-3.89% and 10 year money from 4.39% range. Variable rate mortgages are available in the 2.6% range

Below are the highlights of the Bank of Canada Announcement:
– Growth expected into 2014 and 2015
– Inflation in Canada remains subdued. With inflation expectations well-anchored, both core and total CPI inflation are expected to return slowly to 2 per cent into 2015
– Monetary policy currently in place remains appropriate.

Click Here to Read the Full Announcement

The next Bank of Canada Announcement is scheduled for Dec 4th, 2013.

Bank prime is 3.0%

Bill Stobbe

Born and raised in Owen Sound, Bill spent nine years in Toronto working in the advertising and marketing industry. In 1998, Bill returned to his roots to be close to family and to raise his own family. Bill has been helping his valued clients buy and sell real estate since 2003 and has been a consistent top producer in the office. In 2012, Bill left his previous brokerage and started eHomes Realty to address the needs of the ever-changing real estate industry. eHomes Realty is a fast growing, full service brokerage that embraces the latest technologies to streamline the real estate process and in turn, provide relief to sellers with lower commissions. At eHomes Realty, commissions are as low as 3.79%. The real estate industry is changing and eHomes Realty is leading the way. For honest, friendly service, give Bill a call for all of your real estate needs.

Bill Stobbe, Broker of Record

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