|
Term |
Best |
Bank Posted |
|
1 year |
2.25% |
4.5% |
|
3 year |
3.25% |
5.15% |
|
5 year |
3.79%* |
5.84% |
|
10 year |
5.25% |
7.15% |
|
25 year |
9.30% |
9.65% |
Courtesy of
Call Laura today and tell her Lyn sent you!
After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.
“The number of homes listed for sale on our MLS® has been in decline in Greater Vancouver for eight of the last nine months, which results in upward pressure on home prices and less selection for buyers to choose from,” Russell said.
2010 promises to be an interesting year for mortgages and real estate. The final numbers are in for 2009 and prices and volumes of activity have eclipsed 2008. The market has been spurred on by record low interest rates and a very, very slow start to the year. The demand is still strong and, with less listings on the market, there will be pressure on prices to increase.
|
Term |
Best |
Bank Posted |
|
1 year |
2.25% |
4.5% |
|
3 year |
3.25% |
5.15% |
|
5 year |
3.89%* |
5.84% |
|
10 year |
5.25% |
7.15% |
|
25 year |
9.30% |
9.65% |
Courtesy of
Call Laura today and tell her Lyn sent you!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.