For the fourth month in a row real estate sales in Vancouver are up! May sales were up over 16% from May 2008...Lots of multiple offers. I had been telling my buyers to buy for a while now and some (not many-most were smart enough not to wait) wanted to see how low interest rates and prices could go-well interest rates are on the way up (up almost 1% in the last week-doesn't sound like much ...
Below are the latest stats; if you would like to discuss any of the information below, please contact me.
Real Estate Board May 2009 Sales Stats
Patricia
It looks like the best time to buy may be slipping away in the near future-all 5 major banks raised their 5 yr rates yesterday-if you haven't bought yet-hurry up (and get your mortgage broker to hold your rate asap).....oh and last month home sales (not prices) were up 18.5% so again, suggesting that the market is moving out of buyers' market so if you want to buy and get optimal rates and pr ...
In last 24 hrs all 5 of the major banks have raised the rates on their 5 year mortgages so if you were waiting to lock in, you need to act now!!! The Buyers' market continues to be moving towards being more balanced so if you are buying, you may want to hurry! Please call or email me if you have any questions (604)376-7653 phoulihan@vancouverviews.ca
Patricia