Canadians not worried about rising mortgage rates
Filed Under Main Content · Tagged: Business Mortgage, Fp, Interest Rates Rise, Investors Group, Mortgage Interest Rates, Mortgage Operations, Mortgage Rates, Mortgages, New Poll, Percentage Points, Rate Increases, Rates Mortgage, Respondents, Said Canadians, Sleep, Vice President, Worry
Times Colonist- Mortgage interest rates may be on the rise, but a new poll shows minimal worry about this among Canadians holding mortgages.
The Investors Group, in announcing results of its poll released Tuesday, said Canadians “may be overly confident that they can take higher borrowing costs in stride.”
Some of the results include 35 per cent of respondents saying they are not worried about their ability to make payments as interest rates rise, and 41 per cent saying it would take rate increases of three percentage points or more to “cause them to lose sleep.”
“Individuals aren’t as concerned as we might have thought they were,” said Peter Veselinovich, the Investors Group’s vice-president of banking and mortgage operations. “And that probably differs from the response we would have got generation ago, where debt was very much seen as that thing you wanted to pay down very quickly.”
Canadians not worried about rising mortgage rates
BoC maintains 0.25% rate: Analysts’ reaction – FP Posted
Filed Under Main Content · Tagged: Bank Of Canada, Benchmark Rate, Economists, Fp, Rate Analysts, Second Quarter
Financial Post- As expected the Bank of Canada said Tuesday it will maintain its benchmark rate at 0.25% continuing a plan started last year to keep the rate unchanged through to the second quarter of 2010. Here’s what some of Canada’s economists had to say about the matter…
