Good news for homeowners and prospective homeowners. It looks like interest rates aren't going to go up any time soon.
A Wall Street Journal survey of the leading economists at 12 primary Canadian Government debt dealers indicated that no rate increases are expected until mid-2015 at the earliest.
The reasons for keeping rates low include a drop in oil prices (hurts Canadian economy), sluggish global growth and no signs of inflation.
CTV News also expands on expectations for stable interest rates. Read more: here