Friday 30 August 2013

Late entry: BoC Qualifying Rate is now 5.34% (Up from 5.14%)

After RBC bumped Posted 5Y Rate last week, BoC just raised mortgage Qualifying Rate on Aug 28 from 5.14% to 5.34%!


This is the first increase in Qualifying Rate in more than 500 days (since April 2012). 
Will affect 1/2/3/4yr Fixed + Variable + HELOC applications

DateV122521
2012-015.29
2012-025.24
2012-035.24
2012-045.44
2012-055.34
2012-065.24
2012-075.24
2012-085.24
2012-095.24
2012-105.24
2012-115.24
2012-125.24
2013-015.24
2013-025.24
2013-035.14
2013-045.14
2013-055.14
2013-065.14
2013-075.14
2013-085.34

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