Real Estate Information and Market Trends| Real Estate Victoria BC

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Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
Mortgage Rates Effective : January 6, 2012
 

Mortgage Rates Effective: January 6, 2012 Term
Our Best Rate

Bank Rates

6 Month Open

5.45%

6.70%

6 Month Closed

4.40%

4.55%

1 Year

2.75%

4.30%

2 Year

2.69%

3.95%

3 Year

2.99%

4.55%

4 Year

3.29%

4.99%

5 Year

3.25%

5.39%

6 Year

4.09%
6.30%

7 Year

3.89%

6.35%

9 Year

4.89%

5.42%

10 Year

4.39%

6.75%

Line of Credit

P+.50%

Prime

3 Year Variable

P-.10%

Prime

5 Year Variable

P-.20%

Prime

Prime Rate

3.00%

4.09%

* Rates are Subject to [...]

Last Half of 2011 Sees Stabilized Real Estate Market
While the real estate market started out sluggish in 2011, by mid-summer unit sales had stabilized. In December, annual sales for single family homes, townhomes and manufactured homes had increased, while condominium sales decreased by 15% compared to December 2010. “This may be the result of [...]

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Mid Vancouvber Island’s Average Real Estate Prices Retreat fro Decemember 2011
NANAIMO:                   DEC. 2011                    NOV. 2011                      DEC. 2010
UNIT SALES:                      57                                    79                                    64
AVERAGE
SALE PRICE:        $332,400.00            $361,210.00                      $357,101.00
Nanaimo unit sales were down 11% from Dec. 2010 thru Dec. 2011. The average sale price of a home in Nanaimo declined 7% during that time. The median house price [...]