Saturday, November 28, 2009 What to expect in 2010?by Violetta Joziak on Sat, Nov, 28, 2009 02:17 PM Despite a rebounding real estate market that we have seen over the past months, it looks like our economic recovery will not show up until 2011, according to Cameron Muir, the Chief Economist for the BC Real Estate Association. Real estate prices will likely remain stable, as the Bank of Canada has promised to keep interest rate until mid-2010. Muir says, that he would not be surprised if by mid-2011 the prime rates rise from 2.25% to 4.25%. |
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