BC Housing market details 1. The BC real estate market should continue its growth throughout 2011 and 2012. This is due, in large part, to low mortgage interest rates, and increasing employment and population size. The forecasted increase in BC’s economy should lead to employment generation and an increase in full-time versus part-time work.
Aside from expensive ask prices, nothing turns off a potential home buyer more than rising interest rates, as the higher the mortgage rate the higher the. downside from a single-family home to, say.
In fact, the mortgage industry examines a number of factors to determine not only if you qualify for a mortgage, but also what interest rate you'll.