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Many Canadians are rushing to buy homes, afraid that rising rates will price them out of the real estate market. Higher interest rates often bring lower housing prices, however; so does it make sense to wait?

Robert McLister is the editor of CanadianMortgageTrends.com and a mortgage planner at Verico IntelliMortgage, a mortgage brokerage. Robert joined The Globe and Mail for a live online chat. You can read the transcript below.