The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. – Bank of Canada

CMHC has lowered their requirement for at least one borrower on a mortgage application to have at a 600 beacon credit score and increased qualifying ratios back to 39% (GDS) & 44% (TDS)