Are you in for a shock?
By Jason Scott
TMG The Mortgage Group
The ultra-low mortgage interest rates homeowners are currently enjoying are anything but normal.
Rates won’t be this low forever and that means there’s a huge problem lurking ahead for most homeowners.
Canadians are enjoying super-low interest rates because foreign investors see Canada’s economy as a safe harbour compared to other countries.
These foreign investors are buying Canadian government bonds and pushing yields down on those bonds. That means lower mortgage interest rates for you and me.
How long this will continue is a very big question. Eventually the…