Best mortgage rates for Surrey on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Surrey, you've come to the right place. RateSupermarket.ca compares over 55 mortgage lenders and Surrey mortgage brokers so you'll be sure to find the best mortgage rates in Surrey. You can either go compare Surrey's current mortgage rates now at, http://www.ratesupermarket.ca/best_mortgage_rates/Surrey.html, or look at the latest Surrey mortgage news listed below.
Surrey Mortgage Rates Will Remain Relatively Flat
The Canadian Mortgage and Housing Corporation (CMHC) has reported in their latest Surrey Housing Association Market Outlook that posted mortgage rates eased by about 50 basis points in the first four months of this year, although rates in late April were 30 to 35 basis points higher than they were 12 months prior. Mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis points of their current levels. For 2009, posted mortgage rates will begin to drift up slightly as the year progresses. For 2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50-7.50 per cent range, while three and five-year posted mortgage rates are forecast to be in the 6.75-7.50 per cent range.
CMHC Surrey housing market & Surrey mortgage rate forecast
Unfortunately, CMHC doesn't report directly on Surrey's housing or mortgage outlook, so we've listed the Vancouver and Victoria information below: Total Housing Starts MLS average price Mortgage rates (1 year) Mortgage rates (5 year)
Census Metropolitan Area
MLS sales
2007
20,736
38,978
$570,795
7.35%
7.54%
Vancouver
2008 (F)
18,500
36,000
$615,000
6.95%
7.01%
2009 (F)
18,000
35,000
$645,000
6.83%
6.97%
2007
2,579
8,403
$466,974
7.35%
7.54%
Victoria
2008 (F)
2,275
7,700
$487,000
6.95%
7.01%
2009 (F)
1,845
7,300
$498,000
6.83%
6.97%
Source = CMHC MLS = Multiple Listings Service
Mortgage lender's and mortgage broker's rates that we compare in Surrey, BC, Canada
RateSupermarket.ca compares the most mortgage rates in Surrey, Canada from the top lenders including banks, credit unions, trusts, and are also the only site to compare Surrey mortgage broker's rates. RateSupermarket.ca compares mortgage rates from the following:
AGF Trust Bank of Montreal Bank of Nova Scotia Bridgewater Bank Canadian Tire Financial Services Canadian Western Bank Canadian Western Trust CIBC Mortgages Citibank Citizens Bank of Canada Concentra Financial First National Financial FirstLine Mortgages Home Trust Company HSBC Bank Canada ICICI Bank Canada ING Direct Investors Group Trust Laurentian Bank Canada Libro Financial Group London Life Manulife Bank MCAP National Bank Peace Hills Trust PC Financial ResMor Trust Royal Bank of Canada TD Canada Trust True North Mortgage
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