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How will rising interest rates impact buyers?

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Real Estate Professional | 29 Dec 2014, 09:18 AM Agree 0
Most economists agree that interest rates will rise in 2015 – possibly as early as May – but property experts say the ups and downs of interest rates should never be the ‘be all, end all’ for your buyer clients.
  • | 29 Dec 2014, 11:02 AM Agree 0
    Rising interest rates was always a given for me, it was just a matter of when. Every Buyer has to consider
    "Acceptable Trade-Offs", and if higher carrying costs have an effect on what kind of a house they will be
    able to get, and where, something may have to change. Perhaps a slightly smaller house, or, getting it
    over there instead of over here. Life is full of adjustments, and this will just be one of them. On another
    note, encourage your Buyers to do it now while the rates are still ridiculously low, however, they should
    be cautioned about rates being higher when the mortgage comes up for renewal, as they may have to re-

    Jeffrey Joseph, Broker,
    Harvey Kalles Real Estate Ltd., Brokerage
    Toronto, ON

  • André Riendeau | 29 Dec 2014, 12:11 PM Agree 0
    Removed from agency bill the fees of the broker
    Than it wont increase the city tax bill mistake that goes on and on sinde decate
    Strangles our population that live here .

    Immigrant are HUMAN FIRST He! they might have $ has investor but that money can be invest somewhere else
    not only in buildings homes land.

    **Broker Please stop paying for your clients You accept to work for them for their land, businesses home , revenue property, farm industrial , industrial building office or space for rent IT DOES NOT BELONG TO YOU. The services they need must be pay now to open a file ,sing of all size installation and prices , had MLS ,R commercial Realtor residential, your site business site and share to sale business traveling But it will be deducted from the fees of the deed of sale
    Then you , your family wont suffer of missing $ to live, a lot lest credit Marge of credit card , lest stress , good agreement with the vendor or else choosing the marketing of is asset like it said on top here. Some specialize review charge 1200$ par month or every 3 months !
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