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Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
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RE/MAX Realty Specialists Inc.
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Mark, I have Scotia Bank Flex variable rate mortgage with 0.5% under prime, right now with prime being 5.25% , my mortgage interest is 4.75%, after another 0.5% cut by Bank of Canada, do u think it's a good idea for me to try to fix the rate? if so what do u think would be a good rate for 5 years assuming i have good credit
ReplyDeleteSince I am working as a Vancouver realtor I really hope that lower rates will encourage people again to deal with real estate. I’ve read also some research between economist and it is widely expected that Bank of Canada will lower rates one more time. I think it could be possible thanks to very low level of inflation and quite strong dollar now. Hope lowering overnight rates will not be accompanied with rising inflation in the future.
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