“My honest opinion is that if you are on a variable and you’ve been on one for a while, there’s no point in locking in at a rate that’s already gone up,” says Feisal Panjwani of Invis. “Keep floating it and keep your eye on the market. But basically don’t panic.” Vancouver Sun
The U.S. subprime mortgage debacle is causing somewhat of a crisis in Canada’s lumber industry. Vancouver Sun Story
Vancouver’s population may hit 3 million by 2031, but is it becoming a city where only the rich can afford a home? This Abbotsford News article suggests it is.
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