With inflation in check the Bank of Canada is now expected to have a jumbo rate cut of 50 bps when they meet next month. This news is excellent if you have a variable mortgage or Line of credit which floats with Prime. This will cause the variable mortgage product to be popular during this time of rate reductions from our central bank. Lowering rates will allow for more income to be used for paying down debts such as credit cards or loans faster. If you are thinking about a mortgage for a new purchase or refinancing your present home, give me a call and lets talk!