CANADIANS WILLING TO PAY HIGHER INTEREST RATES ON MORTGAGES FOR A MORE STABLE REAL ESTATE MARKET!

Canadians have been expressing a willingness to endure higher lending rates if it means moderating demand and price growth in housing markets.

In a new Nanos Research poll conducted for Bloomberg, nearly half of respondents said that they are at least “somewhat in favour” of an upward adjustment in the Bank of Canada’s overnight rate to blunt the non-stop increases in home prices – despite such an adjustment making other types of debt more expensive.

As many as 70% of Canadians also agreed that current home price trends represent a major economic problem. #SANDI HALPERN # SOLD # LEASED # HIGHER INTEREST RATES