by Stephanie Procter | Jun 7, 2023 | Bank of Canada
Your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate. This is your personal update from Mortgage Broker Claire Drage and our team at The Windrose Group on the latest Bank of Canada announcement. As of 10:00 AM EST on June 7,... 
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...
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