In the news … Rate Increases and Affordability
General 16 Jan
Last week’s fixed-rate interest hikes at major banks—as well as the likely Bank of Canada prime increase on Wednesday—could spell bad news for Vancouver house hunters. Tim Hill, a mortgage broker with DLC Primex Mortgages, says that interest rate increases and tighter lending standards are adversely affecting Lower Mainland housing affordability, and short shrifting first-time buyers, in […]
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