Following the Bank of Canada’s recent rate-tightening announcement, many Canadians with 5-year fixed mortgage rates are feeling the knock on impact. Many 5-year uninsured mortgages are now ranging between 3.39% and 3.79%. The result is that borrowers who secure a rate of 3.25% or higher are stress tested at their contracted rate and an additional… Continue reading New Bank of Canada Rates are Impacting Canadians.