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The real estate market in Vancouver and the Lower Mainland is one of the hottest in North America, with no sign of slowing down. While we may be a bit lower than some of the high peaks in recent history, there is a lot of growth potential which means that prices have some room to climb. The earlier you buy a new home, the less you will pay and the more you will pocket later in equity should you decide to sell.
Even with some recent rate increases, interest rates are still low – which means that if you're in the market for a mortgage there has never been a better time than now to get in. Buying a new home when rates are at their lowest means that more money stays in your pocket – and that's never a bad thing.