Rising interests rates - How will it impact buyers?

It isn't a matter of if but when. With historic low interest rates buoying the economy the past decade, most economists agree that interest rates will rise in 2015. How will this impact property buyers?

Having good controls over your debt and a fixed rate should help you out in the long term. For investor clients, higher interest rates should help with the rental market. Higher interest rates make it more difficult for new homebuyers and tenants to convert to ownership, thus, generally increasing demand for rentals.

Johnny Lam

Johnny Lam

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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