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Showing posts from January, 2018

Bank of Canada Qualifying Rate

As fixed r ates start to inch upward, TD and RBC have both increased their 5 year posted rates 15bps, to 5.14%. The Bank of Canada's Qualifying Rate is a weighted average of the 5 year posted rates so if the remaining big banks implement a similar increase, we can anticipate an increase to the Qualifying Rate in the near future.  www.christinebuemann.ca