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7 Dec

Market Forecast


Posted by: Chris Cavaghan

“Vancouver and Victoria, especially, are posting near record unit sales this fall,” said Cameron Muir, BCREA Chief Economist.

With mortgage rates ranging from 3.89% to 4.29% for a 5 year fixed in the past 6 months there has been large consumer demand. Unit sales have increased by 20% from 2008 and there is a forecasted increase of another 8% in 2010.

Affordability constraints should help keep the home price inflation down even with the strong unit sales.

To read the full BCREA atricle please go to 

If you have any questions about purchasing or refinancing while the rates are low, please contact me by email, phone or online application.