Canadians fret over mortgage rates, prices
Filed Under Main Content · Tagged: Bank Of Canada, Canadians, Current Rates, Globe And Mail, Housing Market, Interest Rates, Ipsos Reid, Lump Sum Payment, Mortgage Holders, Mortgage Rates, Principal Mortgage, Royal Bank Of Canada, Survey, Surveys, Three Quarters, Two Thirds
The Globe and Mail- More Canadians are looking to enter the housing market ahead of higher interest rates and home prices that are expected to arrive later this year, two surveys showed Wednesday.
More than two-thirds of Canadians expect mortgage rates to rise over the next year, with about the same number of mortgage holders concerned about higher rates, a Royal Bank of Canada annual homeownership survey showed.
But the survey, conducted by Ipsos Reid, also showed three-quarters of homeowners believe preparation is key to handling upcoming changes such as higher mortgage rates.
The survey showed six in 10 mortgage holders say they have taken advantage of current low rates to pay off more principal.
It also revealed that 18 per cent of homeowners say they have made a lump sum payment on their mortgage and 16 per cent have doubled up payments to reduce the principal…
Canadians fret over mortgage rates, prices – The Globe and Mail
Consumer confidence strong: poll
Filed Under Main Content · Tagged: 18 Years, Canadians, Consumer Confidence, Economy, Ipsos Reid, Ottawa Citizen, Poll, Pollster
Ottawa Citizen, Ottawa, Ont – Pollster Ipsos Reid said 52 per cent of Canadians believe the economy will improve in the next year, a level of confidence the firm has not seen in 18 years of tracking consumer confidence. In November, just 20 per cent of those surveyed by Ipsos Reid believed the economy was improving…
