| Term | Bank Rate | Our Rate |
| 1 Year | 5.84 % | 4.69 % |
| 2 Year | 5.14 % | 4.54 % |
| 3 Year | 6.05 % | 4.29 % |
| 4 Year | 5.99 % | 4.29 % |
| 5 Year | 6.09 % | 4.44 % |
| 7 Year | 6.40 % | 5.34 % |
| 10 Year | 6.80 % | 5.44 % |
All I read is that the market is awesome, everything is awesome, prices are up and going higher, and home ownership is perfect for everyone. Frankly, I’m tired of this rhetoric. If you are reading some news, such as a developer telling you they are projecting a 5% – 7% increase in prices, ask yourself,
There are a lot of properties, especially in East Vancouver, where the home has a main floor, and 3 or 4 or MORE basement suites (or carriage house). The clients often go to their bank, and are told the lender will only use 2 suites for rental income, or won’t give them ANY credit for
