25 March 2013

Mortgage rate trends – how low or high can they go?

Interest rates will hardly go lower. At least, many of us think so. And what if rates start going up? Will it be the last hit for the Canadian real estate market?

Who knows how long it will take for rates to rise by 2%. Today the prime rate is still 3%, as it depends on the Bank of Canada, but the central bank has been warning about rate increases for a long time already…

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