Interest rates on the raise

Interest rates for long term, fixed mortgages are rising at TD and RBC and the rest are expected to follow suit.  At the same time, Canada mortgage and housing corporation says the country’s housing market is highly vulnerable due to over-valuation and price acceleration in cities like Hamilton.

But as Lisa Hepfner reports, experts believe the market is getting healthier, in that people are buying homes they can afford whether or not interest rates rise.