by themortgageguy » Wed Jul 25, 2012 11:17:50 AM
of course risk vs return holds true. And given that Canada is seen at very low risk to investors they are buying bonds at very low levels of returns. Last week 10 yr cdn bonds hit records lows. We aren't Italy or Greece or Spain - we are seen as a safe haven.
So I agree they are going to increase (that is like saying its going to rain) but when? People have been spouting the inevitable increase to normal rates since 2008 almost 5 years ago.
And total government debt in canada is lower than that total corporate and total household debt!
So yes inevitable is the key here. Believe me those people in variable mortgages at Prime less0.9 are sting pretty
Robert Ganzhorn, Mortgage Agent,
Dominion Lending Centres YBM Group #11179
Direct: (416) 799-4049 Fax: (905) 294-7577
http://www.robertganzhorn.ca/