In general, aren't all areas pretty tight when it comes to SFHs???? Forget condos. If you have a steady job for the foreeable future and you are told that interest rates are heading up in 2017 perhaps up to 4 more times, what are you going to do? You are going to jump off that fence and find a property, right? I wouldn't say any property but you will darn try or at least lower that bar of yours. You are going to lock in that still decent rate and proceed to live your life.