|
|
Bank Prime Rate 4.00% |
|
|
Term |
Best |
Bank Posted |
|
1 year |
4.49% |
6.35% |
|
3 year |
5.25% |
7.05% |
|
5 year |
5.69% |
7.20% |
|
10 year |
6.10% |
8.00% |
|
25 year |
6.75% |
n/a |
No real changes in interest rates this week. The Bank of Canada will meet again on December 9th and the expectation is for a decrease in the rate. Inflation concerns are cooling all over the world and central banks are committed to lowering rates to keep things moving.
The Canadian Real Estate values are projected to drop by about 5% in the next year creating more opportunities for buyers and investors. Speculation is that this will create a healthy market as prices come back into the realm of affordable. If you are in a variable mortgage…..keep floating!
Courtesy of
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.
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