10/29/2025
The central bank has lowered its key policy rate by 25 basis points to 2.25%, in line with expectations. This is the ninth reduction since the Bank began easing monetary policy.
What this means for you is that prime is now 4.45% and once again for every 100000 borrowed your payment is reduced by 14.00.
Reach out any time with questions. I'm happy to help review if a variable or adjustable rate Mortgage may be right for you.
Amy Riis Mortgages amyriis.com
306-229-5466 [email protected]
DLC The Mortgage Firm
Mortgage Associate #513973 Brokerage #316454
There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks,....