Will Rising Mortgage Rates Affect the Housing Market?

  Earlier this week, some Canadian banks hiked the fixed rate on their five-year mortgage term by 20 basis points to 3.29%. Not surprisingly, housing bears are proclaiming that mortgage rates are now in an uptrend that will collapse the housing market. While we may be headed into an era of heightened volatility, I’m still not convinced the bell is tolling. Here are some reasons why. ...

• Tags: Market Reports and Conditions Sellers Buyers Skylark Agents Century 21 Canada
• June 14, 2013
• Gary Arora