Month-over-month gains in average prices in many Canadian markets meant prospective buyers required more income to qualify for a mortgage, a new report has found. The monthly
report from Ratehub.ca found that despite the average rate for a five-year fixed rate mortgage falling from 4.41 per cent to 4.39 per cent from February to March, the income required to qualify for the average priced home increased in 10 of 13 markets.
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