Latest Real Estate News by Dulcie Sharpe

New property listed in Kelowna
New Listings

New property listed in Kelowna

I have listed a new property at 1006 1232 Ellis Street in Kelowna. See details here You can own this location 2 bedroom/1 bathroom ...

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New property listed in Kelowna
New Listings

New property listed in Kelowna

I have listed a new property at 1 295 Highway 33 E Highway East in Kelowna. See details here Discover the charm and comfort of this ...

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New property listed in Rutland
New Listings

New property listed in Rutland

I have listed a new property at 110 1133 Findlay Road in Rutland. See details here Welcome home to 110-1133 Findlay Road located in ...

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New property listed in West Kelowna
New Listings

New property listed in West Kelowna

I have listed a new property at 3508 Galloway Road in West Kelowna. See details here This split entry rancher has an in-law suite with ...

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New property listed in West Kelowna
New Listings

New property listed in West Kelowna

I have listed a new property at 307 3521 Carrington Road in West Kelowna. See details here Immediate Possession Available. Located ...

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New property listed in Peachland
New Listings

New property listed in Peachland

I have listed a new property at 6486 Sherburn Road in Peachland. See details here Don't miss out on this Lot in Peachland with sweeping ...

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BCREA Mortgage Rate Forecast

BCREA Mortgage Rate Forcast


After a sharp upturn to start the year, Canadian mortgage rates remained stable through the second quarter of 2021. That said, there was recently a significant change in mortgage qualifying as OSFI and the federal government implemented a new stress test rate, which is now the higher of a borrower’s contract rate plus 200 basis points and 5.25 per cent for both insured and uninsured mortgages. The ultimate impact of this change, however, is rather minimal compared with the prevailing qualifying rate of 4.79 per cent, and only lowers purchasing power by 4 to 5 per cent.


While there was little movement in mortgage rates over the past quarter, rising Canadian inflation – and the extent to which that inflation is a temporary phenomenon – is set to shape how rates evolve over the next year.  The prevailing view on inflation, also held by the Bank of Canada, is tilted toward this recent inflation being a temporary phenomenon that should settle over the next year. If so, we should see an orderly unwinding of monetary stimulus with a gradual upward trajectory for mortgage rates beginning in 2022. If that view is incorrect and inflation sustains north of 3 per cent, or expectations of future inflation become unmoored, the Bank of Canada would be prompted to raise rates higher and earlier than expected. While such a scenario is unlikely, it remains a risk given current uncertainty. 

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