Maple Ridge Real Estate Market 9.26.2014

Well it's good to be back Maple Ridge Realtors, Maple Ridge Real Estate Buyers & Sellers and of course all my Canadian 1st Team Mates. That was one fun summer! But none the less it's back to the grind.

Maple Ridge Market Commentary

So much for the trend in Maple Ridge and BC overall. After 3 consecutive weeks of higher rates, 5 and 10 year Gov't of Canada benchmark bonds reversed course and ended the week 11 and 14 basis points lower respectively. The rally in bonds is largely attributable to dovish comments (concerns related to growth vs. inflation) coming from central banks around the globe.

For example, Mario Draghi, President of the European Central Bank said "We stand ready to use additional unconventional instruments within our mandate, and alter the size or composition of our unconventional interventions should it become necessary to further address risks of a too prolonged period of low inflation". Don't worry if you don't understand that…I'm not sure anyone does. All that matters is that it suggests lower rates and more money for everyone! In our Maple Ridge Canadian 1st Real Estate office we have the some of best Mortgage Brokers in Canada... If you need some of this money let us know. :) 

Bond Yields

CMB         Gov't Canada         Insured CofF 5 Year - 1.97%* Canada Housing 12/15/19 [0.01]       5 Year - 1.65% CAN 1.75 09/01/19 [0.01]       1.21% [-]                       10 Year - 2.72%* Canada Housing 03/15/25 [-]       10 Year - 2.17% CAN 2.50 06/01/24 [-]                                         10 Year - 2.28% CAN 9.00 06/01/25 [-]                                * denotes interpolated rate         GOC Bonds are for reference purposes only

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