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!

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