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Isla and Glen have negotiated a 5-year conventional mortgage at a rate of 6.1%. The current Bank of Canada 5-year rate is 5.25%. Which rate
Isla and Glen have negotiated a 5-year conventional mortgage at a rate of 6.1%. The current Bank of Canada 5-year rate is 5.25%. Which rate will be used to determine their Gross Debt Service ratio under the stress test? a) 2.0% b) 5.25% c) 6.1% d) 8.1%
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