This is a record setting time for Vancouver mortgage rates. You can now get a five year term at 2.74%, or a 7 year term at 3.79%. After the 5 year term, the next best rate is a 2 year term at 2.59%.
Prime rate is currently 3% and a variable rate is prime mins 0.65%.Ask your mortgage broker about the benefits of a variable rate, or contact Jeff fraser 604-340-1809 Dominion Lending
February 3, 2015