B.C. may see slightly increased
mortgage rates by the end of 2015 following historic low levels, the British Columbia Real Estate Association predicted.
The study titled Mortgage Rate Forecast also expects no increase in prime interest rates will happen until sometime next Fall, should the Bank of Canada decides to fiddle with the numbers.
The association added that the “currently hot Canadian economy” could be stalled if oil prices continue to slide. The province’s economic growth is projected to sit at around 2.4% this 2015.
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