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Royal Bank lowers Prime Rate!

Royal Bank is the first of the big banks to follow the lead of Bank of Canada by lowering their prime lending rate to 2.85% from 3%.  Just a week ago, the Central Bank of Canada announced they were lowering their overnight lending rate from 3% to 2.75%.  This will help buyers to save money on products such as variable rate mortgages, lines of credit and floating rate loans. There has never been a better time to buy or sell, contact Claire Weston for all of your real estate needs!

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