A Winnipeg real estate agent is confident the local housing market will remain steady, but mortgage and real estate agents alike say Winnipeggers are keeping a watchful eye on rising interest rates.
He said he doesn’t think the housing market is going to slow down drastically even as rates continue to climb.They could, however, shrink the list of homes some Manitobans can afford, especially if they were pre-approved at a lower rate, Carmona said.
Some patient buyers are waiting to jump in.
Interest rates haven't hit pre-pandemic levels yet. If you could afford a home then, you may struggle a bit with the rise of other costs, but you should be fine.
⚠️ “You will own nothing, and you will be happy.” - Klaus Schwab (Founder, WEF)
When TV programming tells you not to panic..........
Translation: PANIC!!!
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Nearly 1 in 4 homeowners would have to sell if interest rates rise more, survey findsNearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. incoming supply... Keep voting for nice hair, ladies! This is exactly what the federal liberal/NDP are hoping for. So misguided as 70% of Canadians own their primary residence and will never vote for either party for the next 25 years.
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Nearly 1 in 4 homeowners would have to sell if interest rates rise more: SurveyNearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey. Or cancel Netflix, lower their cell plan, cut Starbucks, etc etc. Should read “nearly 1 in 4 homeowners will have to deprioritize their monthly spending if interest rates rise”. Eating out, coffee, monthly streaming services etc. adds up and would help pay the mortgage. Why would you take a variable rate instead of fixed rate mortgage when rates were so low?
Source: VancouverSun - 🏆 49. / 61 Read more »