Real Estate Information and Market Trends| Real Estate Victoria BC

Weekly Mortgate Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
Mortgage Rates Effective:  September 3, 2010
 

Term
Our Best Rate
Bank Rates

6 Month Open
5.45%
6.45%

6 Month Closed
3.95%
4.90%

1 Year
2.44%
3.05%

2 Year
2.99%
3.90%

3 Year
2.90%
4.25%

4 Year
3.49%
4.69%

5 Year
3.65%
4.90%

6 Year
            4.39%
5.25%

7 Year
4.70%
5.30%

9 Year
5.08%
5.73%

10 Year
5.04%
5.95%

 
 
 

1 Year Variable
P-.20%
 

3 Year Variable
P-.70%
                   

5 Year Variable
P-.70%
 

Prime Rate
2.75%

 
*Rates subject to change without notice *
If you are planning to [...]

Real Estate  Market Softens in August
The property market throughout Greater Victoria softened in August with fewer sales and a decline in overall prices for single family homes and condominiums; overall prices for townhomes, however, rose in August.
A total of 425 homes and other properties sold in August through the Victoria Real Estate Board’s Multiple Listing [...]

Weekly Mortgate Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
 
Mortgage Rates Effective:  August 27, 2010
 

Term
Our Best Rate
Bank Rates

6 Month Open
5.45%
6.45%

6 Month Closed
3.95%
4.90%

1 Year
2.44%
3.05%

2 Year
2.99%
3.90%

3 Year
2.90%
4.25%

4 Year
3.69%
4.69%

5 Year
3.69%
4.90%

6 Year
            4.39%
5.25%

7 Year
4.70%
5.30%

9 Year
5.08%
5.73%

10 Year
5.04%
5.95%

 
 
 

1 Year Variable
P-.20%
 

3 Year Variable
P-.70%
                   

5 Year Variable
P-.70%
 

Prime Rate
2.75%

 
*Rates subject to change without notice *
If you are planning to [...]

Weekly Mortgate Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
 
Mortgage Rates Effective:  August 18, 2010
 

Term
Our Best Rate
Bank Rates

6 Month Open
5.75%
6.45%

6 Month Closed
3.95%
4.90%

1 Year
2.44%
3.05%

2 Year
2.99%
3.90%

3 Year
2.90%
4.25%

4 Year
3.84%
4.69%

5 Year
3.85%
4.90%

6 Year
            4.39%
5.25%

7 Year
4.79%
5.30%

9 Year
5.08%
5.73%

10 Year
5.04%
5.95%

 
 
 

1 Year Variable
P-.20%
 

3 Year Variable
P-.70%
                   

5 Year Variable
P-.70%
 

Prime Rate
2.75%

 
*Rates subject to change without notice *
If you are planning to [...]

Weekly Mortgate Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
 
Mortgage Rates Effective:  August 13, 2010

Term
Our Best Rate
Bank Rates

6 Month Open
5.75%
6.45%

6 Month Closed
3.95%
4.90%

1 Year
2.44%
3.05%

2 Year
2.99%
3.90%

3 Year
2.90%
4.25%

4 Year
3.84%
4.69%

5 Year
3.89%
4.90%

6 Year
            4.39%
5.25%

7 Year
4.79%
5.30%

9 Year
5.43%
5.73%

10 Year
5.19%
5.95%

 
 
 

1 Year Variable
P-.20%
 

3 Year Variable
P-.70%
                  

5 Year Variable
P-.65%
 

Prime Rate
2.75%

 
*Rates subject to change without notice *
If you are planning to purchase [...]

The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. [...]

Weekly Mortgate Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
 
Mortgage Rates Effective:  August 6, 2010
 

Term
Our Best Rate
Bank Rates

6 Month Open
5.75%
6.45%

6 Month Closed
3.95%
4.90%

1 Year
2.44%
3.05%

2 Year
2.99%
3.90%

3 Year
3.40%
4.25%

4 Year
3.89%
4.69%

5 Year
3.89%
4.90%

6 Year
            4.39%
5.25%

7 Year
4.79%
5.30%

9 Year
5.43%
5.73%

10 Year
5.20%
5.95%

 
 
 

1 Year Variable
P-.20%
 

3 Year Variable
P-.70%
                   

5 Year Variable
P-.65%
 

Prime Rate
2.75%

 *Rates subject to change without notice *
If you are planning to [...]

Mid Island Market Slows Significanlty, but Average Price Up.
NANAIMO                     JULY 2010              JUNE 2010              JULY 2009
UNIT SALES:                      102                           115                            164
AVERAGE
SALE PRICE:             $382,672.00              $362,018.00               $363,528.00
Nanaimo home sales were down 38% from July 2009 thru July 2010. The average sale price was up 5%. The median house price was $364,900.00
 PARKSVILLE/QUALICUM
UNIT SALES:                [...]

Sales and New Listings Down, Average Price up in July
Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002. 
“The level of July sales remained below the [...]

Real Estate  July Property Sales Return to Historically Average Level
Property sales throughout the Greater Victoria area in July returned to the kind of normal level seen in the late 1990s while overall prices declined slightly compared to June. A total of 527 homes and other properties sold in July through the Victoria Real Estate Board’s [...]