Housing in the 80’s and 90’s
This post is 9 years old. The data and my views may have since evolved.There has been much discussion on this blog about what did (or didn’t) happen with the housing market in Greater Victoria...
Tagged: Interest Rates
August Sales – History Repeats Itself
This post is 9 years old. The data and my views may have since evolved.After analyzing August 2015 housing sales, I’m getting the distinct impression that history is repeating itself. With a total of 741...
Will "The Fed" Reconsider?
This post is 9 years old. The data and my views may have since evolved.Until a few weeks ago, it seemed likely that the US Federal Reserve FOMC was well on it way to announcing...
Affordability (Part 1)
This post is 9 years old. The data and my views may have since evolved.There are many ways of defining affordability, but in a practical sense – most people who have a mortgage are limited...
Varying Mortgage Rates
This post is 9 years old. The data and my views may have since evolved.Depending on the type of mortgage you have (or want), there is a wide variation in the actual rate you pay....
A drop in the bucket
This post is 9 years old. The data and my views may have since evolved.It looks like the Bank of Canada (BoC) govenor, Stephen Poloz, has decided that Canada’s economy is faltering and needs further...
Will interest rates drop (again) next week?
This post is 9 years old. The data and my views may have since evolved.In one week the governor of the Bank of Canada (BOC), Stephen Poloz, is due to release the Interest Rate Announcement and...
Housing prices follow mortgage rates?
This post is 9 years old. The data and my views may have since evolved.It is commonly accepted that housing prices and interest rates are inversely proportional to each other. When interest rates rise, prices...
Variable versus Fixed
This post is 9 years old. The data and my views may have since evolved.Buyers often ponder what type of mortgage is best: variable rate or fixed rate. At first glance, a variable rate mortgage...
Have we hit the bottom?
This post is 9 years old. The data and my views may have since evolved.With 5-year variable rates as low as 2.05% (prime minus 0.80%) and 5-year fixed rates at 2.50%, have we finally hit...