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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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Client Testimonial

Judi and Robbi-Layne are a perfect team. They acted for us in the sale of our property as well as in the purchase of a new one. In both cases we benefited from their combination of experience, efficiency, and perception of our needs. They listened carefully and soon understood what we were hoping for in a new home. This meant that when the property which was right for us came on the market they were able to act quickly and successfully on our behalf. The fact that they work closely together is a big advantage to their clients. One of them (often both!) will respond very quickly and cheerfully to a phone call or email. We couldn't have hoped for better support.

 

S.S.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.