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Bank of Canada raises mortgage qualifying rate following increase in Big Six banks’ fixed rates – The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key. mortgage rate. “Mortgage borrowers will be qualifying for less than they were able to.

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Getting a mortgage to become more difficult as new rules take effect – Homebuyers should act now to seal a low mortgage rate, ahead of changes expected in April, experts say. Photograph: Bloomberg Taking out a mortgage is set to be more difficult this year. However,

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