This is truly huge! Today the Bank of Montreal cut their 5 year mortgage rate a full half percent, down to a record low 2.99%! This is the lowest posted mortgage rate of any bank in Canadian history.
If you have been thinking of buying property, there very possibly may be no better time - ever. This new low mortgage rate, combined with current low property prices, provides opportunity that we rarely see. Expect other banks to follow BMO's lead.
If you want to take advantage of this opportunity, call the Preferred Homes Team today at 250-220-5061. (r)(h)
