Mortgage Rate Outlook
Posted on Oct 17, 2020
Highlights
Mortgage Rate Outlook
The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. The Ba...
- 5-year fixed mortgage rate falls under 2 per cent
- Canadian economic recovery entering recuperation phase
- Bank of Canada on hold until 2023?
Mortgage Rate OutlookThe average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. The Ba...
Home sale and new listing activity reached record levels in Metro Vancouver in September.
Posted on Oct 17, 2020
Home sale and new listing activity reached record levels in Metro Vancouver in September.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes so...