With Jim Flaherty stepping down and Joe Oliver picking up the mantle as Finance Minister lots of questions come up. The big one to me is what will he do with the Prime Rate of 3%. It has been steady there for quite some time and I hope it stays down there for everyone- getting a variable rate on the 3% right now means getting 2.5%! It’s amazing and I hope I can keep providing that out for everyone.
This article raises an interesting trend of what might be happening with a mass of retiring baby boomers. They want you to keep working! Working until you drop most likely!
Fletcher Mortgage Team
March 28, 2014