Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
Bank of Canada Interest rate announcement: December 9th 2020
December 9, 2020 | Posted by: Natalie Wellings
In today’s policy announcement, the Bank of Canada left their key interest rate unchanged at 0.25%. The prime rate used for variable-rate mortgages and home equity lines of credit is 2.45% and will also remain unchanged. The next interest rate announcement is set for January 20th 2021.
