The policy rate in Canada is going to pause for a very long time or go higher.
In the US, Jerome Powell made it perfectly clear he is not going to drop interest rates this year.
Mortgage rates will go higher because the Money Supply is shrinking at the fastest rate in history.
There are 2 main drivers for higher 15 and 30 year mortgages:
1) quantitative tightening and the Fed winding down its MBS portfolio
2) TGA account is almost depleted. In order to refill this account, the government has to offer higher rates to attract ownership as the Fed is no longer a buyer. This ownership can come from commercial banks or households/pension funds etc.
These 2 reasons support a higher rate on long duration bonds and consequently 15 and 30 year mortgages.
Btw, if the Fed does drop interest rates, then that isn't good news either as it just validates what we suspected all along. This is not good for corporate earnings.
Now is not the time to be day dreaming.
final verdict: Urbanimmersive is at significant risks of going bankrupt.