Prepare for a Hike!

CIBC’s Avery Sheffield said in a recent report that if the Canadian economy experiences “enough demand” in 2021, it “might be closing in on full employment, with additional government spending being offset by an earlier need to hike interest rates to contain inflation” going into 2022. If that happens, interest rates on mortgages will rise from the historic low prices we see right now.

Source: cpamag.com/ca/news