Let's remember that these are not normal interest rates and eventually they will rise. “We are still dealing with emergency interest rates. “I think there is a risk of getting into the market at today's rates,” Benjamin Tal, deputy chief economist at CIBC World Markets, said in an interview Monday. A prominent Bay Street economist said if the market is correct in its “aggressive” expectation that the Bank of Canada could hike its benchmark interest rate at least six times beginning in early 2022, then homebuyers should start preparing sooner rather than later.
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