mortgage rates: Market conditions drive strong June housing sales - 07/03/09 02:37 PM
VANCOUVER, B.C. – July 3, 2009 – The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties increased 75.6 per cent in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking 4,333 sales which occurred in June 2005. New listings for detached, attached and apartment properties declined 17.9 per cent to 5,372 in June 2009 … (0 comments)

mortgage rates: Volatile Canadian Dollar and Real Estate - 11/12/08 05:07 AM
The "Q" Report 
The volatile movements in the value of the Canadian dollar have been breathtaking. The Canadian dollar has fallen because of the downturn, and now full recession, in the American economy. At first glance, this does not seem to follow logic. Equity & Real Estate Markets in the USA have crashed. Some American investors are being forced to liquidate their holdings (in Canadian and World Equities) and convert them back to American dollars. This movement of cash into American dollars is adding strength to the American dollar and causing other currencies to fall. This process has to, and will … (0 comments)

mortgage rates: Bank of Canada cuts the Prime Rate and TD Canada Trust follows suit - 10/08/08 07:10 AM
The "Q" Report
Rapidly deteriorating credit conditions in Canada and around the globe, has motivated the Bank of Canada to join the U.S. Federal Reserve, European Central Bank and three other central banks Wednesday in cutting interest rates by 50 basis points.
As a result, the Bank of Canada's benchmark lending rate stands at 2.5%. I expect that the Canadian central bank is not finished with rate reductions, with more reductions to come.
TD Canada Trust today announced that it has lowered its prime lending rate by 25 basis points to 4.50 per cent, effective October 9, 2008.  It is likely that the … (1 comments)

mortgage rates: Presidential Elections and Interest Rates - 09/08/08 07:39 PM
When asked by clients about financing new homes or investments, we talk about the impact of U.S. presidential elections on interest rates. My partner and I have had many different mortgages over the years and have come to the conclusion that it pays to arrange for a renewal date just prior to the U.S. election. It is hard to believe that somehow interest rates are manipulated to help incumbent U.S. political parties get re-elected, and frankly I am not sure why, but if you are arranging a new mortgage, you may wish to take into account this four year cycle of … (3 comments)

 
Alphonse J. Quenneville (Royal LePage Northshore)

Alphonse J. Quenneville

West Vancouver, BC

More about me…

Royal LePage Northshore

Address: 2407 Marine Drive, West Vancouver, BC, V7K 2R1

Office: (604) 926-6011

Mobile: (604) 328-2554

Email Me

Metro Vancouver market updates including North Vancouver Homes, & West Vancouver Homes.


Links

Archives

RSS 2.0 Feed for this blog