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Bank of Canada has lowered the Mortgage Qualifying Rate

Bank of Canada has lowered the Mortgage Qualifying Rate

The Bank of Canada has to lowered the qualifying rate for the first time in 3 years from 5.34 per cent to 5.19 per cent. Until now the Bank of Canada’s qualifying rate has been on a rise from 4.64 percent in September, 2016. According to calculations by mortgage rate comparison site RateHub.ca, someone with an […]