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February 23, 2011... Canadian Bank Prime Rate is currently 3.00%. CanEquity Mortgage is offering 3.95% APR on a 5 year fixed closed mortgage. The Toronto Stock Exchange (TSX) was down 7.49 points closing at 13,956.19. Canadian/US Dollar Exchange Rate rose 23 points today to close at 101.15 USD.
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Below is the Victoria Average Price Graph, just released today.
To quote the Victoria Real Estate Board:
“(VREB) President, Randi Masters, noted that the number of sales has now risen for two consecutive months, ‘The further increase in sales in November adds more weight to our belief that the market has now returned to a stable, balanced state.’
Masters added that with declining inventories, some further increase in sales can be expected next year while prices will likely remain stable.”
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