Lynne and Glen have negotiated a 5-year mortgage rate of 3.1%. The current Bank of Canada 5

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Lynne and Glen have negotiated a 5-year mortgage rate of 3.1%. 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) 3.1%

C) 5.1%

D) 5.25%

Posted Date: Jun 06, 2024 12:15 PM

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Lynne and Glen have negotiated a 5-year mortgage rate of 3.1%. The current Bank of Canada 5

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