Interest Rate Insight
The Canadian economy can affect real estate, this we know beyond a shadow of a doubt. Over the last few months there has been moderate growth, this usually means interest rates will remain basically unchanged. What may affect rates is the stronger growth in the U.S. This may change interest rates in Canada after all. We tend to mimic our neighbours to the south when it comes to interest rate changes, up or down, over the last 50 years.
In 2015 the U.S. may raise interest rates putting pressure on Canada to follow.
Local residential house sales remain solid, with Abbotsford and Chilliwack out-performing Mission this year. Mission has been slower but with the recent developments commercially in Mission (IE. Walmart), one can assume there is some great deals ready to be snapped up.
- Home values go up when the Canadian Economy is strong
- Moderate Growth continues across Canada this year
- Stronger U.S. economic data may lead to increase in Interest Rates
- House sales remain strong in Abbotsford | Chilliwack
- Population Growth and Low Interest rates to remain for the near future
It is expected that with population growth, low interest rates, pend up demand from young family buyers and increase in incomes and full time jobs over the next several years we may see an overall increase in house sales from those contributions.
300 – 3303 Immel St. Abbotsford BC V2X 5Y1
1 – 32540 Logan Ave Mission BC V2V 6G3
O 604 859 3141 or 604 826 2699 F 604 859 5226 or 604 826 2621
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Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.
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