RESIDENTIAL MARKET UPDATE
Posted by: Adriaan Driessen
Industry & Market Highlights The Bank of Canada 5-year Benchmark Qualifying Rate reduced to 4.79% Effective Monday August the 17th, The Bank of Canada Benchmark qualifying rate was reducing from 2.94% to 2.79%. The impact of the lower qualifying rate on borrower’s purchasing power is small – e.g for an average single family home costing […]
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