Bank of Canada Benchmark Rate Drop and What it means to you

So today, Bank of Canada continue to deliver more good news to us and the real estate market, lowering their mortgage qualifying rate from 5.34% to 5.19%.

Watch the video for a detail explanation of B20 Stress Test as well as how today’s change going to affect you and your clients.

What that means is, it is getting slightly easier to borrow money. Great…!!!
Would it be enough to move the real estate market? Probably not. But with so many incentives lately from our government, it should help. I also like the direction that the government is going. With the Real Estate Market being so weak, every little bit help.

#MortgageSalesTraining, #MortgageCoaching, #MortgageHacker

Calvin Chan
Mortgage Hacker Online Mortgage School

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I'm Calvin Chan, aka Professor C, a veteran Mortgage Agent in Canada. In this channel, I am going to teach new mortgage agent to make more money and faster.

I have an in-depth understanding of the banking and mortgage industry in Canada, having worked in this field for over 20 years. I had worked in all 5 main stream banks, as well as HSBC and had won numerous awards in my career, including 7 straight years of Achiever Awards, and is consistently among the top 5% producer in Canada. I am also very knowledgeable on alternative financing, including private mortgage fund and Mortgage Investment Company Fund.

I am the founder of Mortgage Hacker Online Mortgage School and I am the host of this Mortgage Mentoring Channel on YouTube. We provide various different courses for you to learn about mortgages and how you can make more money and faster as a mortgage agent and broker. From our live small class webinar online courses, our online mortgage video courses series to our face-to-face in person classes, there will be at least one type that can help you. To learn more about them, please contact me via one of the social media contact.

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