TD Bank Increase Its Prime Interest Rate
Just recently TD increased their prime interest rate to 2.85%. Not only TD bank but other major banks in Canada tighten their mortgage application conditions. Besides providing enough deposit for the purchase, buyers also have to prove to have enough sustainable regular income.
All those recent changes will definitely impact Vancouver real estate market at least for the short term. If you are interested to know more about buying and selling in Greater Vancouver, please call Linda at 604.782.6160.
