If you are thinking of buying, you best contact a mortgage specialist or broker who can guide you through the process and hold a rate for you.  The Bank of Canada is raising rates!  Find out how this will effect you and what you will be able to afford in making a purchase.  Most banks will be able to hold a rate for you for 90 days or so.  It is a good idea to act fast as it can change how much you will be approved for when you go to purchase your new home.