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Bank of Canada Mortgage Rates Drop - Effective July 19, 2019

Blog by Patrick O'Donnell PREC* | July 24th, 2019

The Bank of Canada announced the mortgage qualifying rate drop to 5.19% from 5.34%.
This marks the first reduction in the rate since September 2016.  This is a relatively minor change that will have very little effect on what people will qualify for in reality - Derek Christiansen