Mortgage Rates are in for a “Shake Up”

If you’ve been watching the bond market, you’ll already know that the yield has been steadily declining for a couple of months now – and this week with the US and the Bank of Canada making moves (that affect Variable Rate Mortgages) we are in for some cuts in borrowing rates… and if you’re a…

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GREAT NEWS for Qualifying

GREAT NEWS for Qualifying Effective July 22, 2019, the Bank of Canada 5-year Benchmark Qualifying Rate is being reduced down to 5.19% (from the current 5.34%) so this is great news for those shopping with less than 20% downpayment! (really, it means that you’ll either qualify for more shopping budget, or you can carry “a little more…

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