EPISODE · Jul 18, 2022 · 34 MIN
Buyers ability to purchase with 1% increase in the prime rate
from Greater Victoria Real Estate Show · host Jane Johnston
What a crazy week in real estate, with a 1% increase in the prime rate! Agh, what does this mean to buyers' ability to purchase. Qualifications have now changed, has spending power really decreased? And, the basic question, what does this mean to lending rates for variable and fixed rates going forward?
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