Best Mortgage Rates Surrey
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Best Variable Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
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2.80% | 3 Years | BC residents only. | Get Rate |
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2.85% | 5 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Variable Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
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3.70% | 1 Year | Get Rate | |
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3.50% | 3 Years | Home equity line of credit | Get Rate |
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4.00% | 5 Years | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Closed Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
4.40% | 6 Month | Get Rate | |
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2.74% | 1 Year | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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2.74% | 2 Years | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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2.89% | 3 Years | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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2.95% | 4 Years | BC residents only. | Get Rate |
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3.19% | 5 Years | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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5.79% | 6 Years | Get Rate | |
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3.99% | 7 Years | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
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6.55% | 8 Years | Get Rate | |
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6.55% | 9 Years | Get Rate | |
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3.99% | 10 Years | Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E | Get Rate |
Rates updated February 3, 2012 09:30:38 | ||||
Best Fixed Open Mortgage Rates
| Company | Rate | Term | Offers & details | Get details |
|---|---|---|---|---|
|
6.20% | 6 Month | Get Rate | |
|
|
6.30% | 1 Year | Get Rate | |
Rates updated February 3, 2012 09:30:38 | ||||
More About Surrey
Surrey Mortgage Rates Will Slowly increase in 2010
The CMHC best case scenario, expect mortgage rates will continue to slowly increase in 2010 with a one year mortgage rate to be in the 3.6 to 4.8% range and the three and five year mortgage rates to be in the 4.2 to 6.7% range. In 2011, CMHC forecasts that the one year mortgage rate will be in the range of 5.0 to 6.0% whereas, the three and five year mortgage rate will be in the range of 5.6 to 7.2%. However, if the economy recovers at a faster rate than expected, mortgage rates may increase at a more rapid rate.
CMHC Surrey housing market & Surrey mortgage rate forecast
Unfortunately, CMHC doesn't report directly on Surrey's housing or mortgage outlook, but the CMHC has stated that Surrey is forecast to have the strongest housing market for the 2010 and 2011 period. List below is the Vancouver and Victoria information
| Census Metropolitan Area | Total Housing Starts |
MLS sales | MLS average price |
Mortgage rates (1 year) |
Mortgage rates (5 year) |
Vancouver | 2009 | 8,339 | 36,257 | $592,411 | 7.35% | 7.54% |
|---|---|---|---|---|---|---|
| 2010 (F) | 12,000 | 35,000 | $655,000 | 6.95% | 7.01% | |
| 2011 (F) | 14,500 | 34,000 | $675,000 | 6.83% | 6.97% | Victoria | 2009 | 1,034 | 7,660 | $476,137 | 7.35% | 7.54% |
| 2010 (F) | 1,570 | 7,300 | $508,000 | 6.95% | 7.01% | |
| 2011 (F) | 1,910 | 7,200 | $522,000 | 6.83% | 6.97% | |
*Vancouver does not include Surrey, Langley, White Rock and North Delta | ||||||