Have we been fretting about the impending rate increase? However, I recently read about a new perspective: we are getting paid to take out a mortgage. 

With inflation at over 4% according to Statistics Canada, and mortgage rate as cheap as it is right now, the real interest rate is actually negative (interest rate - inflation). The banks are losing over 4% on the cash they lend out, but not receiving even 2% in interest in return for the most part. Or our loans will allow us to purchase something that will rise in price in average of over 4% and yet we pay much less for it. Therefore, the banks are practically paying us to take out a mortgage.

It is interesting and a little provocative, but it makes sense in some ways, depending on how inflation, rate and home price will develop in the near future. Food for thoughts.