9 March 2011
The majority of economists expect interest rates to rise in the second half of the year. And, of course, it will affect variable mortgages and other loans that depend on the prime.
But nevertheless, 90% of respondents still think real estate is a good investment and now is a good time to buy it.
Though the interest in buying a new home over the next two years has decreased a little bit, 29% is still a high number.
In addition to it, almost 70% of Canadian homeowners said the value of their houses has increased during the last two years.