News: Vancouver Real Estate Market

RBC's two mortgage rates rise: Vancouver Sun

RBC Royal Bank raised two of its mortgage rates by one-fifth of a point each on Tuesday, and it’s likely
other lenders will soon follow suit, an economist told The Sun.

 

Helmut Pastrick, chief economist at Central 1 Credit Union, said bond yields have gone up by about 0.3
per cent in the past four weeks, and that is probably driving the increase.

 

“Sentiment has improved with respect to Europe and the economic outlook,” Pastrick said. “The
economic news was quite negative for a period of weeks and now it is somewhat less negative.”

 

For more information click here.

Comments:
No comments

Post Your Comment:

Blogs
Posts By Date
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.