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Mortgage Your Victoria Real Estate

What are the mortgage rates going to do in 2009? How will this effect the Victoria Real Estate Market. Our very fuzzy crystal ball tells us that the mortgage rates will hold steady for 2009.

What we base this on is the strong economy we still have and the low job less rate. Victoria was at 3.2% last month. That’s the lowest in Canada.  Driving across Western Canada this summer we saw help wanted adds in windows, on vehicles and just about everywhere. This is a good sign that our economy will hold steady.

British Columbia Real Estate Association just posted an article with some interesting reading; thier predictions for 2009. Read all the fine print in the article called Mortgage Update.

What do you think the mortgage rates will do? What is your “Real Estate Crystal Ball” telling you. Drop us a note below.

Cheers,
Bill

Bill Ethier B.Sc – REALTOR®

Properties in Victoria Professionals– Royal LePage Coast Capital Realty

Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.

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