RateSupermarket.ca’s expert Mortgage Rate Outlook Panel does not expect any movement for fixed or variable mortgage rates this December as European fiscal unease lingers, and the Bank of Canada continues to hold the Overnight Lending Rate at one per cent.
How will StatCan’s revised debt to income ratio numbers affect Canada’s mortgage market? Are borrowers increasingly vulnerable to rate hikes?
With fixed mortgage rates near historic lows in Canada, one might think they can’t possibly get any lower. Wrong. According to RateSupermarket.ca’s Mortgage Rate Outlook Panel for December 2011, we may see fixed mortgage rates decrease in the short term.