About Kevin Young Personal Real Estate Corporation

When you make the important decision to buy or sell a home, Kevin is committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.The process of selling your property should be a positive and stress free experience. With Kevin’s online and offline marketing programs, we will get your home sold for top dollars and in a timely manner.

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Bank of Canada will change the mortgage qualifying rate from 4.99% to 5.14%

Got this info from my RBC Mortgage specialist,  starting on Jan 22nd, 2018, Bank of Canada will change the mortgage qualifying rate from 4.99% to 5.14%. So based on the current Stress Test, clients will be qualified as follows: For regular conventional mortgage (no LOC attached), clients will be qualified by GREATER of (client contract rate + 2%) OR 5.14% (BoC … Continue reading Bank of Canada will change the mortgage qualifying rate from 4.99% to 5.14%

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