

Rowan Smith is an independent Vancouver Mortgage Broker with The Mortgage Centre - Citywide...
1 Year - 2.70%
2 Year - 2.85%
3 Year - 3.54%
4 Year - 3.74%
5 Year - 4.04% **
7 Year - 5.15%
10 Year - 5.25%
Variable Closed = Prime + 0.40%
Variable Open = Prime + 0.80%
FIXED Open = 6.55%
Prime Rate - 2.25%
Rates effective June 18th, 2009. Rates subject to change without notice. E and O E.
** Some conditions apply pertaining to income, credit, and overall application strength and lending policy. Inquire for details.
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You Think The Vancouver Real Estate Market is Expensive?
I was reading an article recently on the cost of real estate in Vancouver. This particular article published in the Vancouver Sun was explaining that the cost per square foot of some real estate in Vancouver was in excess of $1,000 per square foot.
On the surface, this might seem excessive and to be the sign of a market wildly out of control. However, if we look a little deeper at what is going on in other parts of the world (other PREMIUM parts of the world) we find an interesting article out of the UK.
For those keeping score, this is 14,167 POUNDS STERLING per square foot (about $28,000 in Canadian dollars). Let it never be said that Vancouver is overpriced!
Click the link below for the PDF of the article…
Crazy UK Real Estate Prices <— Click Here
~ by merc359 on April 26, 2008.
Posted in Market Commentary
Tags: cheap real estate, expensive real estate, high end real estate, luxury real estate, mortgage, mortgage broker vancouver, vancouver, vancouver mortgage broker, vancouver mortgages, Vancouver Real Estate