Thanks to you all!
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Term | Bank Rate | Our Rate |
1 Year | 7.84 % | 6.74 % |
2 Year | 7.34 % | 6.09 % |
3 Year | 7.14 % | 4.79 % |
4 Year | 6.99 % | 4.99 % |
5 Year | 7.04 % | 4.74 % |
7 Year | 7.10 % | 5.59 % |
10 Year | 7.25 % | 5.84 % |
CMHC reported today in their latest rental market survey that vacancy rates rose from 2.2 to 2.8% in 35 major Canadian cities in October. Specifically for the Vancouver area, where I reside and conduct the majority of my business, there was a significant jump in the vacancy rate. It was at 0.5% in October 2008