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https://geoffleemortgage.com/wp-content/uploads/2022/07/default-scaled.jpg25601707Recently, there has been approved changes to the stress test released by the government that come into effect on June 1st. The Bank of Canada benchmark qualifying rate will increase from 4.79% to 5.25%. The changes will be for all mortgages. This includes; Insured mortgages Insurable mortgages Uninsurable mortgages When looking at borrowing power, these […]