Link to Bank of Canada (BoC) daily updates on key indicators including the conventional 5 year mortgage rate which is used to stress test mortgages for qualification. Conventional uninsured mortgages are the greater of the lender contract rate plus 2% or the BoC 5 year conventional mortgage rate for qualification purposes. Note: any changes to the "stress test rate" are updated each Monday.
Bank of Canada (BoC) Daily Update - Key Indicators
Bank of Canada (BoC) Daily update - Key Indicator |