Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

17 March 2015

Another Round of Interest Rate Cuts

by CENTURY 21 Prospect Realty

It appears that the mortgage war is back on; BMO just slashed its 5-year fixed mortgage rate to 2.79% from 2.99%.  The other banks are sure to follow suit. This despite the fact that Canada’s hottest markets are considered to be overvalued by up to 30%.

See this Globe and Mail article for more info.

What does this mean for new home buyers in more balanced markets like Yellowknife? Opportunity.  And for those existing homeowners who opted for variable over fixed rate mortgages, the picture just keeps getting rosier.

 

Related Articles
Education and Advocacy Alberta Government Tables Condominium Property Amendment Act Compared to many Canadian cities, Yellowknife’s condominium sector is still in the very early stages of its development.  We more or less began with the construction of Northern Heights in 1989 and it remains our only high-rise condo building (a bewildering fact – to be discussed in a future post).  Having said that, in recent years we’ve […]
Market Analysis Yellowknife Resale Condo Prices Down 18% in 2013 This morning CMHC released its annual Northern Housing Report, on the heels of Wednesday’s release of the Rental Market Statistics report.  For the full report, go here.  It brings good news on the housing starts and vacancy rate fronts, but bad news for owners of older condominiums.  In 2013 resale condo prices were down 18% […]
How Much Does it Cost to Hire a Yellowknife REALTOR? The cost of hiring a REALTOR® to sell your home depends on a variety of factors including how your home is priced, the state of the market, and the time of year.  Some homes are easier to sell than others.  If yours is such a home, you should be able to negotiate a good rate […]

CENTURY 21 Prospect Realty

INFO & SERVICES

CENTURY 21 Prospect Realty

5124 48 Street, Yellowknife, NT X1A1N9

(867) 873-9800

prospectrealty@century21.ca

INFO & SERVICES

Find a Home

Careers

Terms & Conditions

Privacy Policy

link to Century 21 Prospect's facebook page Link to Century 21 Prospect's Twitter page Link to Century 21 Prospect's Instagram page link to Century 21 Prospect's YouTube page
C21 Canada logo

Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.

© 2022 MoxiWorks