Last week saw a report from the Royal Bank projecting a slow-down on housing markets across the country as interest rates rise.
The bank doesn't expect the effect to cause major problems in the industry.
RBC's Guy Moffatt agrees it might slow down housing markets across the country, but isn't concerned about a negative impact here.
"Interest rates, even if they go up a full percentage points, are at record lows. It's still a really great time to borrow."
Moffatt understands prospective home buyers will feel even a 1 per cent interest rate hike is significant, because of the low rates we've had for most of the last decade. However, he stresses when compared to rates in the 1990's, it's still what he terms cheap money.