[Video] 3 Things: Rate Update - Posted, Stress Tests, Variable Rates!?

Ok, so you are tired of hearing about all the rate change well, this one might impact you so take 2 minutes to watch the VIDEO above 👆!

Have you watched the video yet? https://youtu.be/yRn-rBI1-us

Make sure to watch the VIDEO!! It's 2 Minutes of straight goods I promise!

Big Banks Increasing Posted Rates?

What's Happening? 

  1. The Bank of Canada followed the big banks raising their Posted rates by increasing the benchmark rate (otherwise known as Stress Test) to 5.34%

Why does this matter??

  1. Posted rates are the rate which the Bank of Canada base the "Stress Test"
  2. This means that borrowers will soon qualify for a little less in nearly ALL situations
  3. How much less? about 1.5%-2% or $8,000 - $10,000 on a $500,000 Mortgage.

Who Will This Impact? 

  1. Everyone buying with less than 20% down.
  2. Most borrowers who are trying to qualify to their maximum with more than 20% down.

Why Can You Do? 😎

  1. Reach out to us If you are THINKING about buying or Refinancing
  2. Send This Info & Video to everyone you know who is buying or selling or maybe refinancing Remember: they may be thinking of a refinance, investment property OR know a friend who is currently thinking of buying.
  3. Send them our way and we will give them an estimate of their before and after rule pre-qualification.
  4.  Contact us early to get ahead of the game, even if your mortgage is not up for renewal until next year.

How to Start Reach US! 📲

  1. Call 604.619.3319 / Click / or Email us!
  2. Book a call - www.calendly.comd/alexmcfadyen

More Questions or READY to get started!?

Just Ask US > Click Here to set up a call or EMAIL us

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