The March issue of Mortgage Rate Forecast is now available on BCREA Online.

Highlights:

• Mortgage rates reach new historic lows
• Oil shock negatively impacts Canadian economic growth in first half of 2015
• Bank of Canada confuses markets

Send questions and comments about Mortgage Rate Forecast to: Cameron Muir, Chief Economist, cmuir@bcrea.bc.ca; Brendon Ogmundson, Economist, bogmundson@bcrea.bc.ca.

Additional economics information is available on BCREA's website at: www.bcrea.bc.ca. To sign up for BCREA news releases by email visit click here.

Mortgage Rate Forecast is published quarterly by the British Columbia Real Estate Association. Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: "Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.