The Real Estate Industry watches the sales in a monthly time period to current active listings (the sales-to-active-listings-ratio) closely. It is considered a balanced market when this ratio ranges from 15% to 20%.and deemed a buyers market when it is less than 15% and a sellers market when it's higher than 20%. Last month this ratio hit 19.7% in Greater Vancouver which is the highest it has been since June 2011. Last April the ratio was 15.7% ( a very low balanced market).. Click here for more details on the Greater Vancouver Housing Sector.
Current Mortgage Rate as of May 9, 2014:
Fixed: 1 year @ 2.89% - 2 year @ 2.59% - 3 year @ 2.79% - 4 year @2.87% - 5 year @ 2.99-3.09% - 7 year @ 3.79% and a 10 year @ 4.29%
Contact us at anytime for more Real Estate information.