Mortgage Rates Canada Vancouver Island

Vancouver Island is a large island in British Columbia, Canada, one of several North American regions named after George Vancouver, the British Royal Navy officer who explored the Pacific coast of North America between 1791 and 1794.

The island is 460 kilometres (285 mi) in length and 80 kilometres (50 mi) in width at its widest point. It is the largest island on the western side of North America at 32,134 km² (12,407 sq mi) and the world's 43rd largest island, Canada's 11th largest island and Canada's second most populous island after the Island of Montreal, which has 1.3 million more people. The 2001 census population was 656,312. British Columbia statistics in 2004 estimated the population at 734,860.[1] Slightly fewer than half of these (331,491) live in Greater Victoria. Other major cities on Vancouver Island include Nanaimo, Port Alberni, Parksville, Courtenay, and Campbell River.

The possibilities amongst Vancouver Island real estate are plentiful with many beautiful areas to choose from. Splurge on a luxurious waterfront home where you are literally steps from the coast. Relax in front of a warming fireplace or out on your beach patio to enjoy breathtaking sunsets and sunrises, or to witness the waves crashing and dancing in a fascinating storm. That would definitely be a dream come true for a lot of home buyers. If you have a family and its convenience and manageable circumstances you need, many favorable neighborhoods exist with nearby schools, shopping facilities, and recreational fulfillments. Large cities to smaller, more rural communities have substantial amenities to make life comfortable and accommodating. Vancouver Island real estate can also be a homebuilder's dream. Numerous regions situated all over the island contain vacant lots waiting to be accented by attractive homes. Be the one to design your house from bottom to top. Even the landscaping could be a reflection of your creativity and personality.

With the economic growth there brings a lot of new people to the city of Victoria and Vancouver Island, due to the high employment rate, as well as the cost of living.

A lot of people don't understand or are uneducated on the benefits of using a mortgage broker. Mortgage brokers have been around for sometime, but I feel that they are still being under utilized. Some of the major benefits of using a mortgage broker from Vancouver Island are the lower interest rates, as well as the more personalized service. Another big benefit of using the services of a mortgage broker is that there are no Fee's involved for the mortgage broker to obtain your mortgage, and the rates are alot lower. Below is a table that will allow you to compare the difference in interest rates between going to your local banker, and using a Mortgage Broker.