Interest rates holding at lows! Check it out...
Variable 5yr closed bank prime 2.25 + .35%
Fixed 5yr Closed 3.99% Special 30 day closing
Standard 5yr fixed 4.29%
Our friends at MCAP are offering a 2.40% variable maturity for May 2012. Very cheap and interesting product for those who want to ride the variable but keep their options open for renewal in approx. 2years and 10 months! http://www.mcap.com/Home.aspx
Big news for the week July home sales for Vancouver saw a 90% increase over 2008! So if you are in he market for property in Vancouver get approved and get ready to make an offer the first look. Listings are scarce and you need to move fast to get in.
Check out the details at the Globe and Mail:
http://www.globeinvestor.com/servlet/story/RTGAM.20090814.whousing0814/GIStory/
Have a great weekend!
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