Subscribe with RSS ReaderHome prices across Canada are set to jump this year as interest rates are kept near record lows by economic uncertainty from theU.K. referendum to leave the European Union, according to brokerage Royal LePage.
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MORTGAGE RATE FORECAST......BCREA
As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.
https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/
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Latest Vancouver real estate numbers show no sign of ‘even a mild correction’:
The latest numbers from Royal LePage suggest that Vancouver remains Canada’s hottest real estate market, strongly outpacing the rest of the country during the second quarter of 2016.
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