| Term | Bank Rate | Our Rate |
| 1 Year | 7.59 % | 6.44 % |
| 2 Year | 7.14 % | 6.14 % |
| 3 Year | 6.94 % | 5.99 % |
| 4 Year | 6.79 % | 5.54 % |
| 5 Year | 6.84 % | 5.19 % |
| 7 Year | 7.10 % | 6.10 % |
| 10 Year | 7.25 % | 6.44 % |
Despite having the highest median housing prices in Canada, Vancouver first-time home buyers spend a median of $420,000, compared to $425,000 in Toronto, according to The Red Pin, a Toronto-based real estate broker and research firm. At the bequest of BIV, Red Pin recently researched a comparison of the housing markets in Vancouver, Toronto and Calgary.
Each week we will be bringing you a featured listing that you could own in Vancouver. With all of the media attention around the high cost of home-ownership in Vancouver, we feel it’s extremely important to highlight the listings that are still VERY affordable right in the heart of Vancouver. For more info about this
How to Get Money for Renovations When you Purchase One of the most common questions I receive from borrowers is, “can I get extra money with my mortgage for renovations?” The short answer is “yes,” but there are some restrictions, and the program is called “Purchase Plus Improvements.” The bank will not just hand you
