After reaching historic lows in the fall of 2016, real estate rates have progressively risen over the past 18 months. Nevertheless, banks posted further declines after the first quarter of this year.These rates also have very favourable borrowing conditions if you have a good profile.
The competition
In principle, they keep them low in order to revitalise the market. However, the decline was the result of intense competition between the different banking institutions.
The decline is about 0.10 and 0.20 points for 15 banks. On average, rates revolve around 1.40% over 15 years, 1.55% over 20 years and 1.80% over 25 years. Beyond 25 years, they become significantly less advantageous as they rise to 2.65%.
The best files can even negotiate record rates of 0.80% over 15 years, 1.12% over 20 years and 1.35% over 25 years.