Hi everyone,
The Bank of Canada 5 year posted has not moved yet but is expected to be reset at 5.85% soon. This will be the qualifying rate for high ratio mortgages with less than 5 year terms or with variable rates after April 19.
On another note, I’m proud to say that once again MI and Invis have been ranked first overall in production volume in the Canadian mortgage brokerage industry by Filogix.
Our brokers stand out among their industry peers – our average volume per broker is at it’s highest level ever. This, I believe, confirms our status as the preferred brokerages for Canada’s most professional, dedicated mortgage brokers.
All the best,
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