Remax Sabre Realty
Sandra Parsons
Rob Maar
The HomePro Team
604-942-0606
rob@wesellrealestatebc.ca
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| Friday, October 15, 2010 October 15th, 2010 Market Updateby Rob Maar & Sandra Parsons on Fri, Oct, 15, 2010 01:16 PM
The October market is becoming more of a buyers market. With the cost of borrowing so affordable and the future showing a possible slight raise in 2011 of the mortgage rates there is no rush for buyers. Listings are starting to drop off and if this continues we could see a short fall of listings in the coming sping. This may increase prices. If the mortgage rate does rise? This could create a down turn in prices as the first time buyer may have issues with qualifying for their mortage. We are still up in numbers from 2008 and down from the same period in 2009. I will be posting the October stats on our blog when they come out along with some rates quoted by some of the brokers.
The HomePro Team
Sandra and Rob |
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