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Mortgage Broker News | 25 Nov 2010, 01:00 PM Agree 0
The one-year fixed mortgage rate is forecasted to finish 2010 at around 3.2 per cent and reach 4.05 per cent by the end of 2011, according to the British Columbia Real Estate Association (BCREA). The association cites the Bank of Canada’s fiscal tightening and brighter economic prospects as the driving reasons.
  • Vipul Jasani, IFRS and Management Consultant | 30 Nov 2010, 04:24 PM Agree 0
    Jump in interest rate and increase in new home inventory may keep price stable and rangebound. Increase in interest rate will reduce affordability.
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