Thinking of selling or buying a home? Vancouver's Real Estate Market this spring is expected to be busy with home buyers. Typicaly March to June is the busiest time of year for Real Estate. Expect 2012 to be no different.
Mortgage rates are at historical lows with Canadian Banks competing with one another to provide the lowest rates. Home buyers can lock in fixed 5 year rates at 2.89%. This is expected to continue though out the year. "Interest rates aren't going to be low forever – but they're not going anywhere fast," Gregory Klump, CREA's chief economist, told CBC News
According to the most recent Canadian Real Estate Association forecast, national home sale activity for 2012 and 2013 is projected to remain roughly on par with the 10-year average for annual activity, because of low interest rates and the projected low economic growth.
Spring 2012 will provide buyers with dipping home prices and low mortgage rates... The Perfect Scenario to purchase a home. Check out some of our listings in Vancouver.
If you need assisstance in Real Estate or have any questions Contact THE AZIZ GROUP today.