Click on the banner to search Macdonald Realty listings

Click on the banner to see this month's Macrealty Real Estate Market Reports

NEW PRICE $1,169,000

NEW PRICE $1,169,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)

Thursday, July 02, 2015

Comparing Canada’s housing market with the high rates of 1981

That was the year mortgage rates reached levels that now seem like a plot of some oppressive force designed to terrify the population into submission. For several months, both one- and five-year fixed-rate mortgages were in the high teens and even, for a while, above 20 per cent.
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/comparing-canadas-housing-market-with-the-high-rates-of-1981/article25169755/

Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY

Photo courtesy of CITY OF NEW WESTMINSTER

Photo courtesy of CITY OF SURREY