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  Contact us today to start your purchasing journey! Michael Baird Direct: (905) 242 0419        Paul Baird, Broker, Royal LePage Baird Real Estate Brokerage

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Bank of Canada Eases Mortgage Stress Test For The First Time Since 2016

For the first time in almost three years, the Bank of Canada’s minimum mortgage qualifying rate has dropped to 5.19 per cent from 5.34 per cent. The central bank’s new rate has a slight effect on the mortgage stress test for those with uninsured mortgages. “At a minimum, the qualifying rate for all uninsured mortgages … Continue reading Bank of Canada Eases Mortgage Stress Test For The First Time Since 2016