Thereâ€™s a brilliant reason to get into our expensive and quite possibly weakening housing market right now.
Tagged: Interest Rates
Low mortgage interest rates remain a key driver in the housing market, helping to maintain affordability and purchasing power
It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.
Housing sales rose in September for a second straight month while average prices reversed the falling trend with a 1.9% increase from August, the Canadian Real Estate Association said Friday.