I made a decision to get out of the real estate market early this year, it was a hard decision to make but I didn't feel comfortable that if the interest rate did go up, my family would struggle making mortgage payments and living expenses.
This video late last year got me thinking even though I'm not a big fan of Kevin O'Leary.
-84 percent of pre-tax income in Vancouver for mortgage payment was stated by RBC, doesn't take much of a interest rate increase to put people in the red.
-How much longer can the bank of Canada keep these historic low rates.