Real Estate Advisor with Engel & Völkers Dundarave, West Vancouver, Canada

Cindy Stanley Realty Blog Engel & Völkers West Vancouver › January 2016

Mortgage Rates Set For Modest Rise In 2016

mortgage rate forecast canada vancouver real estate While the benchmark qualifying rate for Canadian mortgages has not changed in eight months, offered or discounted mortgage rates at banks and other lenders have recently moved higher. The average 5-year rate offered by lenders has increased about 20 basis points in recent weeks to 2.79 per cent and the discount from prime lending rates on variable rate mortgages has narrowed from 60 to 40 basis points. Rather than reflecting changes in underlying economic factors, these increases are largely due to regulatory and other market structure changes that are pushing banks’ cost of capital higher.

Click here to see full mortgage rate forecast

Real Estate Peaks in Vancouver!

REBGV President Darcy McLoud gives us the December market statistics as well as a look at the year that was in 2015.

2016 is now in motion!


Properties seem to be soaring still in the hot property market here in Vancouver, Vancouver West Side, Vancouver East, Burnaby, North Burnaby, South Burnaby, Central Burnaby, Coquitlam, Port Moody, Surrey, Langley, and as far as Abbotsford and Mission. 
This year like to take my floor plans to a new level, using the innovative technologies that allow all online browsers, and shoppers to see the floor plan in 3D. With the help of pictures, virtual tours, Google Earth, and the 3D Floor plans, I figure clients can cut their time in half when going out to property shop. Don’t hesitate to contact me for a free market evaluation – even if you are thinking of putting your place on the market in Spring:-)

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