An interesting read from the CBC. If you have any questions on how this may impact the sale or purchase of your next home, please contact me and we can discuss your situation, and how exactly an interest rate increase (hike is a bit of a stretch word I think) will affect your cost of living. – Alexx
“64 per cent of those polled believe that mortgage rates to rise
Most Canadians expect higher mortgage rates this year, according to a survey released Wednesday by the Royal Bank.
RBC’s annual home ownership survey found 64 per cent of those polled expected the cost of a mortgage to grow, with the same number concerned about
that prospect.”
Read more: http://www.cbc.ca/consumer/story/2010/03/24/homeowners-survey-rbc.html#ixzz0jZwlnPvX
