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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
increase
[0.01]
      5 Year - 1.65%
CAN 1.75 09/01/19
increase
[0.01]
      1.21% No Change
[-]
                     
10 Year - 2.72%*
Canada Housing 03/15/25
no change
[-]
      10 Year - 2.17%
CAN 2.50 06/01/24
no change
[-]
       
                     
          10 Year - 2.28%
CAN 9.00 06/01/25
no change
[-]
       
                     
 * denotes interpolated rate        
GOC Bonds are for reference
purposes only
         


This blog is written and supported by:www.Canadian1st.ca & www.MapleRdigeForSale.ca

#200 - 11830 223rd StreetMaple RidgeBCV2X 5Y1

1 - 32540 Logan AveMissionBCV2V 6G3

O 604 466 5077 or 604 826 5733
F 877 826 2621

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Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services inMission and area.

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