Interest rates Going Up
Posted by stoneteam on February 7, 2012 | No Comments
We just heard that the mortgage rates in Canada are going up effective immediately. Royal Bank of Canada announced today that their 5 year rate is no longer 2.9%. We anticipate that the other banks will follow suit shortly.
There are a few lenders who can still offer the 2.9% rate, please let the Stone Sisters know if you’d like to get in touch with them.
The federal government is wanting to contract the real estate market in Canada (particularily Toronto and Vancouver) and avoid inflation.
Tags: Kelowna Real Estate, Mortgage Rates, Stone Sisters
Filed Under: Uncategorized
