Benchmark Rate

/Benchmark Rate
6 04, 2018

What is Canada’s Benchmark Rate?

By |2018-04-06T17:51:32+00:00April 6th, 2018|Benchmark Rate|0 Comments

The Benchmark Rate The benchmark rate is a rate that lenders are required to use to qualify mortgage borrowers in Canada who want a variable rate mortgage or a mortgage term of less than 5 years. The benchmark rate made headlines in the early part of 2010 when the Government of Canada announced new rules for lending [...]