Upcoming qualifying rate change!
October 27, 2017 @ 11:29 AM by:
Posted in Effective the week of October 30, 2017, the Bank of Canada is changing it's 5 year benchmark qualifying rate to 4.99%. Not a huge change, but it will reduce the puchasing power of high ratio borrowers by approximately 2%.
#qualifyingrate #trentonmortgages #craignickerson
