Mortgage Rates Forecast by CMHC

Blog | Mortgage Rates Forecast by CMHC

Mortgage Rates Forecast by CMHC

“Mortgage rates are expected to rise moderately from current levels in the first half of 2017. We forecast the five-year posted rate to lie within the 4.4% to 5.0% range in 2016 and within the 4.7% to 5.3% range in 2017,” CMHC said in its quarterly report, released Monday. “Low mortgage rates will continue to support housing demand; however, the uncertainty surrounding lower oil prices remains the most significant risk to the outlook for the Canadian housing sector.”

By |2017-01-30T01:55:04+00:00May 31st, 2016|Mortgage Rates|Comments Off on Mortgage Rates Forecast by CMHC

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Zuhair Shlah B.Sc., AMP. Email: zshlah@tmacc.com Work Phone: 403-680-3720 Mobile: 403-680-3720 Fax: 1-888-365-6066