Good news today from the Bank of Canada which did not increase interest rates at todays monthly meeting. This mean that the key leading rate remains at 1% up from earlier in the year but we avoided the 4th interest rate increase.

This means that the cost of a new home purchase did not increase, like wise current home owners with flexible rate mortgages will not face additional costs.

As always if your looking to buy or sell a home in London Ontario remember to check out my web resources.

Kathy Mendham-Meathrel
Sales Representative
Realty Executives Elite Ltd Brokerage
London Ontario Real Estate Agents
7-515 Wellington Road South
London, Ontario
N6C 4R3
(519) 649-6900