The BCREA is "forecasting that lower mortgage rates will prevail for all of 2019 with the average 5-year contract rate falling to 3.30 per cent through the spring and early summer and the 5-year qualifying rate finally moving below 5 per cent for the remainder of the year."
For more information:
http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/mortgagerateforecast.pdf
What should you do?
Find out what your options and find the suitable rate for you and your plans.
Talk to Eileen Craig with the Sea to Sky Mortgages at http://eileencraig.ca/about/contact/
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