Quote:
Originally Posted by Cappy
What happens when interest rates rise?
Are enough people locking-in to prevent the cost increase?
I own a condo and have no intention of leaving downtown for the burbs so this market really doesnt affect me. But i have considered taking out a small mortgage on my place to fund some reno's.
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So many Canadians have 0 wiggle room if interest rates significantly rise. I think the Feds won't let it happen as it would cause the economy to melt down.