Hey everyone, thank you for taking the time to visit my site! I am a Mortgage Broker working in Vancouver, BC. I have a background in sales and lending, and look forward to building new client relationships throughout Canada. I will post new blogs from time to time on this site with important market news and rate info.
I just attended a conference in Vancouver and listened to well known economist Benjamin Tal. He is predicting interest rates to go up in 2009 due to inflationary pressure. You can expect the current prime rate of 4.75% to go up 100-150bps over the next year. Fixed rate mortgages will likely be over 6% as a result. Stay tuned..