I hope you had a fantastic holiday season and your year has been off to a great start!
Bank of Canada's prime rate is 2.7% and its key interest (benchmark) rate is 0.5%. Unfortunately, interest rates have risen a few points over the past few weeks. If you are thinking of purchasing a property soon, it is best to secure a rate as soon as possible.
Real Estate Board of Greater Vancouver (REBGV) reports that 2015 home sales were the highest annual total in REBGV history. This was powered early in the year by four consecutive months with over 4,000 sales per month from March to June, another first for REBGV.
For more in-depth information on December's market, please click
Greater Vancouver: REBGV December Stats Package
Fraser Valley: FVREB December Stats Package