How to use the July 2019 increase in borrowing capacity to your advantage.

See quickly how much more your income can borrow with the recent reduction in the mortgage qualifying rate! Granted, these examples help you do some quick math, but keep in mind that each household can have a different outcome depending on your credit rating, amount of credit card or other debt as well as housing costs (property taxes, heat and condo or strata fees.) 

Please note: borrowing capacity was calculated using 39% of pre-tax income.

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