The article in the link below is worth a read if you are concerned about interest rates. I personally agree with two of three points the author makes. #2….not so much, there definitely is some debate over this one.

 

In summary

  1. Inflation is virtually non-existent in today’s marketplace
  2. The pain would NOT be catastrophic (As explained in past posts)
  3. New Mortgage Rules are the ‘New Rates’ – (also explained in this post by a colleague)

 

Long Version

Click below for the full story

3 Reasons Canadian Mortgage Rates Will Never Hit 5%