Low interest rates continue to propel home sales across Canada. Canadians are taking advantage of the lowest rates in history to purchase a home or investment and recreational. Contrary to media reports, Canadians are making mortgage payments on time and paying down the mortgage principal as well. We are less than half of one percent for mortgages in arrears. This means we have a very healthy mortgage lending environment. Mortgage rates should continue to remain low and even drop a little with more pressure on the Canadian economy vis-à-vis the recent drop in oil prices. Key economic factors to watch for in 2015 are the US interest rate policy and Canada’s unemployment numbers. Both of these indicators are good indicators of interest rates for 2016.