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%.

Are you curious what this means for you? How does it affect your borrowing power? 

Give me a call if you'd like more information or to chat about the impacts this will have on you.