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More Listings Should Ease The Demand
The Real Estate Board of Greater Vancouver reported an additional 7,004 new property listings last month. Compared to the same moth last year it is a 60% increase! Also the average price of a property has increased 20% from last year, across all property types. The jump in listings should stabilize the pricing in the..
read more →Bonds are above 3% – What does it mean for Fixed Rates?
On Monday April 5th, 2010 the 5 year government bond yield has increased above 3% for the first time since October 2008. Today the yield hit a 17 months high of 3.05%. What does this mean for fixed mortgage rates? The 5 year yield drives the 5 year fixed mortgage rate. As we saw last..
read more →Average Price of a Home in Metro Vancouver is Approaching $663,000
The prices in Metro Vancouver have climbed over the pre-recession levels in February fulled by low mortgage interest rates. February average price of a home was $662,741 that is well above $624,639 peak price reported in May 2008. With the new insured mortgage rules coming into effect and rising mortgage rates in the near future..
read more →Last Change To Get a Rate Hold!
Over the past 2 days most lenders have increased their fixed rates. If you have haven’t gotten your rate hold, now is the time! As of right now, there is still a chance to lock in at a lower rate as few lenders are still holding off until midnight tonight! Get a 120 day rate..
read more →I.D.E.A.S. For Choosing Between A Fixed And Variable Rate
Source: Canadian Mortgage Trends – March 29, 2010 The first question people often ask when deciding between a fixed and variable mortgage is: “Where do you see rates going?” They assume we as mortgage planners know…and of course we don’t. No one does. We can, and do, present a variety of possible rate scenarios based..
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