Office: 250-860-1100

Cell: 250-470-8811

davealton@royallepage.ca

Royal LePage Kelowna

2018

#7 REALTOR® – Royal LePage Kelowna 2019

2019

Mortgage Rates 2020 


What is in store for mortgage rates in 2020?

crystal-ball-3179145_1920 I have made predictions for years, and I have been doing just a little better than the weather man, though I was almost bang on last year, proving even a blind squirrel finds the occasional nut!! The British Columbia Real Estate Association (BCREA) believes there will be no change in mortgage rates in 2020 and a modest increase in the economy rising up from 1.6% in 2019 to 1.8% in 2020. The bank economists are leaning towards a small decrease in mortgage rates of a quarter percent overall in 2020 and a modest increase in the economy. So I will be bold and issue a guarantee, mortgage rates will go up, down, or stay the same in 2020! In all seriousness, I believe there will be some movement up and down next year but it will be in the quarter to half percent range and not effect the real estate market greatly. I also think we are going to continue to see house prices move upwards over the next few years as inventory numbers remain very low and demand steady. As with any predictions there are so many factors that can alter the course of our economy, so being in the market is much better than sitting on the sidelines and waiting, or worse, renting. If you think you can time the market you likely also buy lottery tickets every week? Thank you to everyone who has touched our business in 2019 and made it our best year ever, we truly appreciate your support and your trust. We look forward to making 2020 another fantastic year and hope we can help you achieve your goals in 2020. Merry Christmas to all and I hope everyone takes some time to celebrate the holiday spirit with those who mean the most to you, and lend a hand to those who need it. Daryl, Andrea, and the LendingMax team

Get In Touch

Contact Us
By providing your phone number, you are giving explicit consent for us to contact you by phone even if you are listed on the National DNCL

Dave Alton

REALTOR

 

Office: 250-860-1100

Cell: 250-470-8811

davealton@royallepage.ca


The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. 

 

powered by WEBKITS

Royal LePage Kelowna

Have a question, Dave has all the answers to your real estate questions.

Contact Us
By providing your phone number, you are giving explicit consent for us to contact you by phone even if you are listed on the National DNCL