since the january bottom.
That's according to Cameron Muir of the BC Real Eastate Association.
Buyers are coming back in droves causing multiple offer situation for many properties, but luckily for purchasers there hasn't been a jump in overall prices.
Good news is that the Real Estate board expects only a 1 percent increase in prices until well into 2010. You add the lack of inflation threat and Bank of Canada keeping interest rates low and we have a great opportunity to get that first home, upgrade(or downsize), or add an investment property, or second home.
read more at
http://www.vancouversun.com/business/real+estate+upward+climb+rest/1935829/story.html
RATE UPDATE::
Variable Rate 5 YR .................2.55% (Custom maturities at prime plus 0.15%)
3YR Fixed.................................3.59%
5YR Fixed.................................4.15%
5YR Fixed SPECIAL...............3.99%
http://www.peterlmckinnon.com/
peter_mckinnon@centum.ca
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