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Blog by Linda M Linfoot

Stress Test Rate Drops

July 19th, 2019

Stress Test Rate Drops from 5.34% to 5.19% - this will affect mortgage qualifying. Call me to discuss! 


https://www.canadianmortgagetrends.com/2019/07/latest-in-mortgage-news-stress-test-rate-drops-after-a-year-of-no-change/

Bank of Canada Announcement July

July 10th, 2019
Bank of Canada keeps interest rates where they are

With global trade tensions clouding its crystal ball, the Bank of Canada decided to stand pat in its recent interest rate announcement--maintaining its target for the overnight rate at 1 3/4 percent.

While the Bank already anticipated that trade tensions would have a negative impact on the global economy, it’s been forced to further adjust it ...