Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
Mortgage Qualifying Rate (Stress Test) Decrease
March 20, 2020 | Posted by: Natalie Wellings
The Bank of Canada has reduced the mortgage qualifying rate (known as the Stress Test) to 5.04% from 5.19%...What does this mean? It will be a little easier to qualify for a mortgage. Please contact me with any questions!
