FRASER VALLEY HOME BUYERS TAKE ADVANTAGE OF GREATER AFFORDABILITY (Surrey, BC) – Crediting low interest rates and reductions in house prices, Fraser Valley REALTORS® had their fourth busiest June on record. The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 1,982 sales in June, an increase of 40 per cent compared to the 1,418 sales in June 2008 and 32 per cent higher than sales in May 2009. June’s numbers were comparable to sales achieved during t ... Full Article...

As we've seen the spreads on the bond yields increase, the question of "when are rates coming down?" has been asked a lot! Earlier in the year when volumes were low, volumes for the banks were also low. During Spring Market the race for obtaining 2009 market share was on! Profitability was taking a back seat to market share and we saw very competitive rates from the banks. They were treating a mortgage as a loss leader to get that client in the door. Some also had extra deposit money from RRSP ... Full Article...