What makes you think interest rates will rise? 

Interest rates don't have much room to go lower, and plenty of room to rise.  

Many sellers have an over-inflated idea of what their property is worth.

Another issue with new FHA loans is interest rates will most likely rise by the time you can refinance into a conventional loan.  

The reasoning behind the move is the BoC has lowered its outlook for Canadian growth. and feels that additional monetary stimulus is required at this time to help return both the economy to full capacity and inflation to its target. 

The market in Denver is rising fast.  

@Ani Sanyal It's funny you mention the similarity to what's happened in Brooklyn - I manage a couple properties in the area you mentioned and in the area around JSQ, and I've had applicants coming from Brooklyn, mentioning that the rising rents are forcing them out.

But this might take several more years which is why prices will continue to rise strongly.2.

Finally, I would suggest a portion of economics so they are aware of the larger picture, are we in a bubble, recession, inflation etc.On the construction side, even if you don't intend to swing a hammer, knowing building codes and best practices is always good.  

As an agent myself, definitely know that once a property hits the MLS,The price inflates.