Low mortgage interest rates remain a key driver in the housing market, helping to maintain affordability and purchasing power
Tagged: Low Mortgage
B.C.’s economic growth will slow during 2011 in sync with the global economic slowdown, the winding down of fiscal stimulus, and a weaker comparison to the 2010 Winter Olympic boost.
Steep housing price increases in six of Canada’s hottest real estate markets since 2002 have all the hallmarks of an “accident waiting to happen” if mortgage rates rise too sharply, warns a new report.
A year ago, British Columbia’s real estate markets were rising to a peak in sales. In July, they dramatically fell off it.
Sharp drops in sales in B.C.’s biggest markets led the province to a 42-per-cent decline in July sales through the Multiple Listing Service compared with the same month a year ago, the B.C. Real Estate Association reported Thursday.