The Bank of Canada Qualifying Rate Decreases (5.34% ---> 5.19%)

The Bank of Canada qualifying rate (benchmark rate) will be decreasing on Monday July 22, 2019 from 5.34% to 5.19%.

There have been articles and mentions of this in the news. To put things into perspective:

If you ever wanted to upgrade from a 500 square foot condo to a 505 square foot condo, now is the time to do it.