• Bucking the trend

    Going against the trend for higher interest rates, a local credit union that serves the Greater Vancouver Area announced a lower 5 year fixed rate. It is offering 3.85% for that term effective immediately and is a special that can be withdrawn at any time. No pre-approvals on this rate. This promotional rate is lower

  • Time to lock-in?

    This past week provided a dramatic shift in the outlook for future mortgage rates. For the past few months things were very “boring” as rates remained stable and economic data showed miniscule bits of positive news. However, during the last few days we saw Australia raise their key lending rate by 0.25%, Canada’s latest employment

  • Why rates change?

    Why did rates change? A brief explanation on why mortgage rates change despite the Bank of Canada not making any changes. This originally aired on the weekly telecast of Radio Real Estate Show on Talk AM1410 in Vancouver.