It's a great time to buy in Vancouver!!
I received this information today from a friend/mortgage
specialist so I thought I would pass it on :)
I wanted to pass along this article that I read on
Canadian Mortgage Trends:
Given the recent events in the U.S it looks like the
stage has been set for low interest rates for a very
long time. There is talk that the bank of Canada
may even cut the prime lending rate which is a
180 degree change in rate views. "100% probability
of a rate cut by year-end." With bond yields low and
talk of fixed rates coming down even more, now is
a great time to buy. If you're working with clients that
need to be pre-approved, please let me know.
Scotiabank Mortgage Specialist
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