Interest rates are currently rising in Canada. One of the benefits of higher interest rates is that borrowers will have a more realistic monthly payment for their debts. Why is this a benefit? Because higher rates will help borrowers pay off their mortgages faster. Because it will cause a housing market crash allowing more people to enter the market and buy a house. Because borrowers have become accustomed to artificially low monthly payments which are unrealistic long term. It is not a benefit