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Not long ago Bank of Canada Governor Mark Carney and Finance Minister Jim Flaherty were warning that high personal debt levels could become unmanageable when interest rates moved higher. With the debt problems in the US and Europe, economists are now forecasting interest rates to stay low, taking the pressure off Canadians with mega-mortgages and credit lines.
For the full article, please click on the link below:
The Globe and Mail – August 10th, 2011
Lorraine Gingras I Mortgage Specialist I Vancouver B.C.
RBC Royal Bank I T: 604-315-6216 I F: 604-266-9916
http://mortgages.rbcroyalbank.com/lorraine.gingras
