Bank of Canada dropping qualifying rate again!!!
The Bank of Canada Qualifying Rate has decreased to 5.39% which is effective today.
Every Monday morning we will verify the Qualifying Rate and will send out a new interest rate sheet when the BOC Qualifying Rate Changes.
Remember, we do not use the Bank of Canada Qualifying Rate on conventional deals (LTV less than 80%).
Jeff Trounsell, BA, AMP
CENTUM Pacific Mortgages Inc.
Posted by Jeff Trounsell
on August 30, 2010