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Bottom Call Thread
07-09-2013, 08:36 PM, (This post was last modified: 07-09-2013, 08:41 PM by jesse.)
#3
RE: Bottom Call Thread
Vancouver’s east side bucks B.C. real estate trend

BY IAN AUSTIN, THE PROVINCE JULY 9, 2013 9:05 PM

Quote:“I think we’ve seen the bottom,” said Helmut Pastrick, chief economist with the Central 1 Credit Union. “If I was advising people, I would say lock in a rate for the longest term possible — seven or 10 years — as long as you can afford it.”

Pastrick said the budding economic turnaround south of the border is fuelling the coming mortgage-rate increase.

“The U.S. is still the largest economy in the world, and we’re clearly seeing some recovery there,” said Pastrick. “Everyone expects rates to move higher at some point.

“It’s a great time to lock in, as it has been for the last couple of years.”

Pastrick is talking about rates, not prices. Still a bottom call.
Frustration is a leading indicator
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Messages In This Thread
Bottom Call Thread - by fixbot - 12-29-2012, 09:22 AM
RE: Bottom Call Thread - by jesse - 01-06-2013, 09:06 PM
RE: Bottom Call Thread - by jesse - 07-09-2013, 08:36 PM
RE: Bottom Call Thread - by jesse - 12-20-2013, 05:15 PM

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