After a rate cut by the Bank of Canada last Tuesday, Canada's big banks have cut their prime lending rates as well. The new Prime Lending Rate is 5.75% effective February 1, 2008.
The big banks and most of the private lenders have followed the Bank of Canada and cut their lending rates to consumers for mortgage financing.
Whether you are looking for a Fixed Rate mortgage or a Variable Rate Mortgage, a professional Mortgage Consultant can find the right mortgage and the best rate to meet your specific needs and risk tolerance.
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