Are interest rates going up in Canada? If yes, when?

If only I had a penny for every time I heard this question. Or should I say, a dime, pennies are history…

All kidding aside, this is a very sensitive subject for many.

As we’ve all heard, as little as a 2% increase in interest rates, is enough to adversely effect many. That said, I’ve always believed that the answer to this question lies heavily on the condition of the US economy. It’s been said many times, Canada won’t raise interest rates until the US does.

So the question then becomes, when will the US raise interest rates?

After watching Tony Robbins in the video below, I think you’ll agree with me, it may be a LOT longer than you think or maybe not?

The power of compounding: it makes good things better and bad things much, much worse.

Go ahead and leave your comments below.

Mark Fidgett is a Vancouver mortgage broker and the driver behind www.NotaPennyDown.com

Your Vancouver Mortgage Broker For Life

www.notapennydown.com

604-273-2002

P.S. Who’s the next person you know who wants to save thousands off their mortgage?
Be sure to give me a call so we can help them!
604-273-2002