Why Investors Should Not Fear Rising Interest Rates with David Larock
The Bank of Canada has raised interest rates this month for the first time since 2010. Will there be more rate increases in the months ahead? Is this the beginning of the end for the Toronto real estate market or is there reason to be skeptical and could interest rates actually come back down? Mortgage broker David Larock gives his opinion on the recent interest rate change and more in this episode.
DAVID LAROCK INTERVIEW HIGHLIGHTS
0:35 How long have you been in mortgage business?
2:38 What’s the deal with bank of Canada’s raise of interest rates?
4:37 Bank of Canada’s monitoring policy.
15:30 Thoughts on wait and see approach.
18:00 Key points of article “Do rising interest rates lead to lower real estate prices”
20:20 Take on big changes that affect all mortgage borrowers in Canada.
27:50 If purchasing power goes down 20%, how will it play to the market?