Effective the week of October 30, 2017, the Bank of Canada (BoC) is changing its 5-year benchmark qualifying rate to 4.99%.

The 5-year benchmark qualifying rate published by the BoC was put into legislation mainly to ease affordability concerns and to mitigate "payment shock" that are more likely to impact lower term and variable rate customers. The current benchmark rate is 4.89%
Post a Comment

Popular posts from this blog

Freehold Two-Storey & Rear Lane Townhomes Will Soon Be Available In The Preserve, Oakville - View Floor Plans Today.