I just got back from Century 21’s annual conference where I got to hear CREA Economist Shaun Cathcart speak. The Canadian Real Estate Association is predicting interest rates to start going up by the end of the year. If you have a variable interest rate on your mortgage, I’m going to suggest locking in now.
Not expecting big changes and you can see on the photo above but nevertheless, this will be the lowest we will see them for a while.
For any other mortgage questions, feel free to reach out! Always happy to point you in the right direction to one of my trusted mortgage contacts.