Question 28 (1 point) Joannie wants to purchase a house that is listed for $376,000. The bank's appraiser estimates that the lending value of the property is $375,000. Joannie's gross annual income is $60,000 per year. The bank applies an 80% loan-to-value ratio and a gross debt service ratio of 32%. Property taxes amount to $3,000 per year. Assume that this lender demands a 25-year amortization period and monthly payments at a contract rate of j2 = 4%. The Bank of Canada's posted 5-year rate is 5% per annum, compounded semi-annually. How much can Joannie borrow, given the stress test borrower qualification rules for uninsured mortgages, rounded to the nearest $1. Which constraint is binding? $209,642, loan-to-value $277,932; gross debt service ratio $211,001; gross debt service ratio $310,689; loan-to-value