Further to last week’s news, we expect interest rates to remain low for the first part of 2016.  We may see a slight increase by lenders as Ottawa is increasing their fee for insured mortgages.  Investors are also looking for higher returns.  Mortgage lenders will indeed pass this cost onto the consumer which may only equate to an extra .1%.  For example, a borrower would pay an extra $116 per year on a $300K loan.  www.dreyergroup.ca