As of Friday August 19, interest rates across Canada have remained stable and the unpredictability of the world markets has both the half full/haft empty folks sitting on the fence.Confusing economic graph

For the average Canadian homeowner, it is wanting a feel of where mortgage rates are going. Up or down? For some, they may not have enough equity in their home to re-mortgage.Couple Denied a mortgage

In some cities of Canada, some are predicting a housing bubble and some real estate activity is triggered by investors outside of Canada.

In my local sphere of being an owner and Broker of Record of a boutique real estate brokerage in London Ontario, my clients and Mr. & Mrs. Market indicate that rates will remain low, the housing market will be balanced and for a few, some great deals out there.Downtown London Ontario

CREA (Canadian Real Estate Association) has this to say about interest rates.

Ty Lacroix Broker of Record & Owner

          

'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!

Your London and S/W Ontario source for results!

519-435-1600   www.enveloperealestate.com

 
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4 Comments on Where are Interest Rates in Canada Heading?

AUG
19
2011
868,771 Points 5 Featured Posts

Ty,

I think you are right. Bernanke promised a two year freeze on rates, and  we have to follow suit.

Brian
10:12pm • #1
AUG
20
2011
333,351 Points 4 Featured Posts

Brian, low rates usually incurs more spending, however, this has not been the case. There are other below the surface issues that the consumer is facing.

Ty
9:02am • #2
447,681 Points 11 Featured Posts Outside Blog Called Shot Master

All will be well as long as nothing drastic occurs Ty. If the stock market would stop being so jittery, I'm sure that more people would feel confident.
11:22am • #3
333,351 Points 4 Featured Posts

Malcolm, could be but less than 2% of North America is in the stock market so perhaps it is the lemming thing.

Ty
12:00pm • #4


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