22
Aug
Stress Test Rate & Recent Decrease
Posted by: Judy Ivers
Stress Test Rate & Recent Decrease Currently, all borrowers in Canada need to qualify for a new mortgage at the current Bank of Canada Benchmark Qualifying Rate or at their approved mortgage interest rate plus 2.0%, whichever is higher. For more than a year, this Bank of Canada Benchmark Qualifying Rate has been 5.34%. Now, […]
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