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Mortgage Rate and Market Update: As we start off this January we continue to see historically low interest rates and low mortgage rates with potential to go even lower next week with the Bank of Canada meeting on the 20th. This is positive news and should directly relate to more opportunities for Canadian’s to purchase homes and save on their mortgage payments. While bank variable rates are still set over Prime at this time, we hope to see this begin to change with pressure on the banks to pass along savings to the consumer. We will keep you posted on the results of the Bank of Canada meeting next week.

On your side. Jared Dreyer, Accredited Mortgage Professional 604 649-5991