Prospective home owners should stress-test their budgets against future rises in interest rates
Filed Under Main Content · Tagged: Bank Of Canada, Blogs, Bond Investors, Budgets, Consumers, Finance Department, Low Interest Rates, Matter Of Time, Prospective Home Owners, Stress Test, Wealthy Boomer
National Post-
In recent weeks, the Finance Department and the Bank of Canada have both issued warnings to consumers about not getting overextended borrowing at today’s historically low interest rates. In several recent blogs and columns, I’ve made a similar point aimed at bond investors: that it’s only a matter of time before rates start rising again.
