The Bank of Canada met earlier this week in March 2024 and left Prime rate as is which means that Bank prime remains at 7.2%. What does this mean? It’s an opportune time to assess your mortgage options. The potential for rate adjustments later this year, especially by June (fingers and toes crossed), offers a unique window for planning. Whether you are buying a new home, considering refinancing, or exploring investment opportunities, staying ahead with strategic financial planning is key. At Lotus Loans & Mortgages Corp., our expertise lies in navigating these changing tides, ensuring you make informed, beneficial decisions. If you or someone you know is presently in the mortgage market, please reach out for no-cost, unbiased mortgage advise. The next Bank of Canada meeting is set for April 10, 2024, stay tuned!