by stephanie@thewindrosegroup.ca | Nov 19, 2019 | Bank of Canada, Canadian Government, Finance, Mortgage Rate
The five-year benchmark qualifying rate is now 4.94%, down from the previous 5.04%.The five-year fixed benchmark qualifying rate has been used to qualify mortgages since the Fall of 2016, when the stress test was implemented. The qualifying rate is used in stress... 
by stephanie@thewindrosegroup.ca | Nov 16, 2019 | Bank of Canada, Credit Report, Loan Payment, Mortgage, Mortgage Rate
A few months ago, in the mortgage world, the big news was the Canadian Government allowing mortgage holders the ability to defer payments if required due to COVID-19. Not much was known about it then, but mortgage agents were working diligently with their...
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