| Monday, January 5, 2009 Latest Stats for Dec. 2008by Lyn Hart on Mon, Jan, 5, 2009 11:19 PM
Improved Housing Affordability 
to Greater Vancouver in 2008
VANCOUVER, B.C. – January 5, 2009 – The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive... Saturday, January 3, 2009 Around the Water Coolerby Lyn Hart on Sat, Jan, 3, 2009 10:28 PM  According to the most recent Real Estate Board of Greater Vancouver’s statistics, house prices have only dropped 12% from December last year. The average December 2008 sale price for a resale house in the...Wednesday, December 17, 2008 Mortgage Rates Week of December 16thby Lyn Hart on Wed, Dec, 17, 2008 02:22 PM More Tweaks to Rates
Small downward changes in rates this week. The yields on bond market, where lenders go to get their funds for mortgages, are dropping. Long term rates are under pressure to drop ac... Tuesday, December 9, 2008 Mortgage Rates for Week of Dec. 9thby Lyn Hart on Tue, Dec, 9, 2008 10:13 PM Bank Rates Cut .50%!
Today, December 9th, the Bank of Canada announced a .75% cut to their rate! The Banks have cut their prime by only .50% though. Lenders can sometimes take a couple of days... Friday, December 5, 2008 Mortgage Rates for Week of Dec. 1stby Lyn Hart on Fri, Dec, 5, 2008 05:23 PM Rates are down! 
The bond market is moving and creating room for lenders to bring down the longer term rates. This trend should continue for the next while and the Bank of Canada will step up and lower their... Thursday, November 27, 2008 Mortgage Rates for Week of November 24thby Lyn Hart on Thu, Nov, 27, 2008 01:56 PM Finally we are seeing the crack in the wall that has prevented the longer term rates to come down. The US Government is now investing directly in mortgage backed financing which will free up rates on mortgages.... Monday, November 24, 2008 Mortgage Rates for Week of November 17thby Lyn Hart on Mon, Nov, 24, 2008 11:23 AM
|
|
Bank Prime Rate 4.00% |
|
|
Term |
Best |
Bank Posted |
|
1 year |
4.49% |
6.35% |
|
3 year |
5.25% |
7.05% |
|
5 year |
5.69% |
7.20% |
|
10 year |
6.10% |
8.00% |
|
25 year |
6.75% |
n/a |
... Tuesday, November 4, 2008 October Staistics for Greater Vancouverby Lyn Hart on Tue, Nov, 4, 2008 06:37 PM Categories: 2008 real estate market, 2008 vancouver, buying, condos, First-time buyers, housing forecast, market, real estate market, reports, sales, statistics, Vancouver real estate marketResidential Housing Price Decline
Creates Buying Opportunities
Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter... Tuesday, October 28, 2008 Mortgage Rates for Oct 28, 2008by Lyn Hart on Tue, Oct, 28, 2008 01:11 PM October 28, 2008
Interest rates have stayed much the same this week while the stock market and the Canadian dollar have lossed ground significantly. Central Banks are still cutting rates with the... Thursday, October 2, 2008 September Stats for Greater Vancouverby Lyn Hart on Thu, Oct, 2, 2008 02:19 PM Categories: 2008 real estate market, 2008 vancouver, buying, condos, First-time buyers, housing forecast, listings, market, outlook, real estate, real estate market, statistics, Vancouver real estate marketHome Prices Adapt to Affordability Demands
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to1,585... |
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