There will be more of these to come. I heard that another .5% is likely in March. Traditionally Canada's economy lags the US by about a year, so if things down there don't pick up the B.O.C. may have to go to a 0% rate too.
On one hand I was happy to sell my house last summer before it lost all value....But that Prime -.5% variable rate mortgage is something I'll never see again.
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"Some guys like old balls"
Patriots QB Tom Brady
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