In this video we'll recap our mortgage rate forecast and interest rate forecast beginning from 2023 and going into 2027.
This interest rate forecast is based on the output of an artificial intelligence computer and is based in part on the U.S. Central Bank Discount Rate. The Canadian interest rates should follow the overall trend of the U.S. CBDR. Although there may be differences between them and the Canadian mortgage rates, they are likely to follow the same ups and downs, but not be the exact same.
We produce forecasts like this in order to help our Lake Country and Kelowna real estate clients in making decisions. We would like to acknowledge that forecasts are speculative in nature and no one should make personal financial decisions based solely on this forecast. We recommend speaking with your banker, accountant and legal representation as these individuals can assess your individual situation and provide you with professional advice.
Mortgage rates regularly change and it is a competitive marketplace. If you need the help of a Canadian mortgage professional, please contact us as we would be happy to put you in touch with some of the best mortgage pros in the Kelowna and Lake Country area.
Mortgage rates, interest rates, rental rates and prices are all interlinked. If you would like to learn more on this premise let us know and we would be happy to provide more content on this topic.
Please feel free to reach out to us, or comment or share this video.
What is happening to real estate in Kelowna and Lake Country, where are prices heading in the Lake Country and Kelowna market, how many homes are for sale, how many sales are happening? How long will it take my home to sell? All these questions answered in this video.
The Kelowna housing market has been changing quickly, and we'll help guide you through this process.
The Lake Country BC real estate market has been following the same trajectory as the Kelowna real estate market but there are some differences which may become more apparent as the next year unfolds.
