A majority of Canadians say there's a housing bubble, but only a minority believes it will burst in the next year, a new survey has found. The survey from Ipsos, carried out for consumer insolvency firm MNP Ltd., found 67 per cent of Canadians agree that the country is experiencing a housing bubble, but only 43 per cent think it's going to come to an end in the next year. And with the Bank of Canada expected to raise interest rates on Wednesday, a near-majority of Canadians (45 per cent) are worried about what that will mean for their finances. "Many are borrowing against their homes and using them to finance lifestyles they simply can't afford," MNP Ltd. President Grant Bazian said in a statement. "What's worse is that many are not making regular payments against the principal, and the threat of an increase in interest rates might make it even harder to make ends meet."

Petmal via Getty Images Two-thirds of Canadians believe the country is experiencing a housing bubble, a new poll has found.