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Best mortgage rates for Regina on RateSupermarket.ca
If you are looking to search for the best mortgage rates in Regina, you've come to the
right place. RateSupermarket.ca compares over 55 mortgage lenders and Regina mortgage
brokers so you'll be sure to find the best mortgage rates in Regina.
You can either go compare Regina's current mortgage rates now at,
http://www.ratesupermarket.ca/best_mortgage_rates/Regina.html, or look at the latest
Regina mortgage news listed below.
Regina Mortgage Rates Will Remain Relatively Flat

The Canadian Mortgage and Housing Corporation (CMHC) has just released their Regina Housing Association Market Outlook for Q2 2008. They believe that Regina mortgage rates are expected to trend marginally lower throughout 2008, but will be within 25-50 basis points of their current levels.

For 2008 and 2009, the one-year posted mortgage rate is forecast to be in the 6.50-7.50 per
cent range, while three and five-year posted mortgage rates are forecast to be in the 6.75-
7.50 per cent range.

Regina 2008 Housing Outlook

The CMHC reports that following a 30% jump in 2007, Regina's resale market will see another
12.5% increase in sales to 5,000 units in 2008, making this year the highest number of sales
on record. In 2009, sales will moderate somewhat to 4,750 units in 2009, due to rapidly
escalating prices and weaker speculative demand.

In 2008 the average residential resale price is forecasted to be 18.1% in 2008, with a slower
increase of 8.2% in 2009. At the end of February 2008, year-to-date average price is still
escalating with a 40% rise topping $262,000. Higher listings and buyer resistance to higher
prices will result in weaker price gains in 2009.

CMHC Regina housing market & Regina mortgage rate forecast
Census Metropolitan
Area

Total
Housing
Starts

MLS
sales

MLS
average
price

Mortgage
rates
(1 year)

Mortgage
rates
(5 year)

Regina
2007
1,398
3,957
$165,613
7.35%
7.54%
2008 (F)
1,275
4,000
$200,000
6.95%
7.01%
2009(F)
1,175
3,800
$215,000
6.83%
6.97%
Source = CMHC
MLS = Multiple Listings Service
of 00

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