The writer is a passionate observer of the Vancouver mortgage scene. He is a TMG mortgage broker in Vancouver with a focus on bad credit mortgage refinance. The shift in the market has allowed him to help people link up with bad credit mortgage lenders.
The economist who says that BC housing wouldn’t decline is forecasting a new high in BC RE values in this Vancouver Sun article.
Affordability in BC RE is a significant issue. The long term trend on rates indicates that five year fixed rates (the favorite in BC ) are expected to increase in the next couple of years. This would indicate that prices will moderate or decline in the next couple of years. Especially, when the affordability in BC is out of wack.
Or maybe we should buy a fur coat and fuzzy hat and enjoy the ride.
BC mortgage brokers are not all the same. As a BC mortgage broker and a writer, the author has a deep insight into the BC mortgage market. Check out his BC mortgage rates at his blog.
