Interest Rates Hit Historic Low
The Bank of Canada has slashed its key interest rate to the lowest level in history; to 1 per cent. The decrease was in line with expectations of economists, who have been calling for action on the pats of the central bank and the federal government.Shortly after the central bank cut its rate, the big banks, let by The Bank of Montreal and TD Canada Trust also cut their prime lending rates by the same amount to 3 per cent.
The should go a long way in increasing the affordability for purchasing Real Estate in Vancouver.
Peter Raab
Vancouver Real Estate Expert
Vancouver Real Estate Agent
Labels: downtown Vancouver real estate, Interest rates, Vancouver Real Estate, vancouver real estate agent, vancouver real estate expert
