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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 […]

RBC reduces fixed mortgage rate

RBC reduces fixed mortgage rate

January 17, 2019 Some good news has been released for homebuyers looking to take out a mortgage. Canada’s largest bank, The Royal Bank of Canada (RBC), has cut down one of their mortgage rates, which hints that lower rates may be coming across other banks. RBC had an advertised rate of 3.89 per cent, but […]