MNP one of the largest accountancy and business advisory firms in Canada; has recently conducted research on debt loans and personal finances across the country. Since March of this year 61% of Canadians have stated their debt has improved. “Canadians might be feeling more optimistic but the question remains; will they actually be able to absorb higher debt servicing costs as rates rise?” MNP president Grant Bazian. Of course as soon as we feel confident the banks want to increase interest rates. #interestrates #oakvillerealestate #marketupdate
