Best mortgage rates for Regina on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Regina, you've come to the right place. RateSupermarket.ca compares over 55 mortgage lenders and Regina mortgage brokers so you'll be sure to find the best mortgage rates in Regina. You can either go compare Regina's current mortgage rates now at, http://www.ratesupermarket.ca/best_mortgage_rates/Regina.html, or look at the latest Regina mortgage news listed below.
Regina Mortgage Rates Will Remain Relatively Flat
The Canadian Mortgage and Housing Corporation (CMHC) has just released their Regina Housing Association Market Outlook for Q2 2008. They believe that Regina mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis points of their current levels. 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 6.757.50 per cent range.
Regina 2008 Housing Outlook
The CMHC reports that following a 30% jump in 2007, Regina's resale market will see another 12.5% increase in sales to 5,000 units in 2008, making this year the highest number of sales on record. In 2009, sales will moderate somewhat to 4,750 units in 2009, due to rapidly escalating prices and weaker speculative demand. In 2008 the average residential resale price is forecasted to be 18.1% in 2008, with a slower increase of 8.2% in 2009. At the end of February 2008, year-to-date average price is still escalating with a 40% rise topping $262,000. Higher listings and buyer resistance to higher prices will result in weaker price gains in 2009.
CMHC Regina housing market & Regina mortgage rate forecast
Census Metropolitan Area Total Housing Starts MLS sales MLS average price Mortgage rates (1 year) Mortgage rates (5 year)
2007
1,398
3,957
$165,613
7.35%
7.54%
Regina
2008 (F)
1,275
4,000
$200,000
6.95%
7.01%
2009(F)
1,175
3,800
$215,000
6.83%
6.97%
Source = CMHC MLS = Multiple Listings Service
Mortgage lender's and mortgage broker's rates that we compare in Regina, Saskatchewan, Canada
RateSupermarket.ca compares the most mortgage rates in Regina, Canada from the top lenders including banks, credit unions, trusts, and are also the only site to compare Regina 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
Regina Best Mortgage Rates - Compare Rates - Mortgage Brokers -RateSupermarket Regina mortgage rate, best Regina mortgage rates, RateSupermarket.ca, mortgage rates, Regina mortgage broker, mortgage brokers in Regina, compare Regina mortgage rates Compare the best current mortgage rates in Regina, Canada from all the Regina mortgage lenders and Regina mortgage brokers at Rate Supermarket.ca. Compare over 500 of the best mortgage rates