Mortgage in Kamloops

How does the Bank of Canada rate affect Fixed Rates?

The Bank of Canada’s prime rate went down how come the fixed rates haven’t dropped? Understanding the Connection Between Prime Rates and Fixed Rates When we talk about mortgage rates, it’s important to understand that there’s a difference between prime rates and fixed rates. Here’s a simple way to look at it: Prime Rate: This is …

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Securing Your Future

Owning a home and retirement planning are interconnected in several ways. Firstly, homeownership provides stability in old age by eliminating concerns about rent increases or the potential need to move due to landlord decisions. Having paid off your mortgage by retirement can significantly reduce monthly expenses, making it more feasible to live on a fixed …

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