Home buyers are back in Vancouver thanks to a fresh injection of liquidity from the worlds central banks, not to mention weakening economic growth and scares of the dreaded Coronavirus which have sent bond yields tumbling. As a result, 5 year fixed mortgage rates have plummeted, now down to about 2.79% at the time of this writing. Don’t under estimate just how important an eighty basis point drop in interest rates can be for a highly leveraged housing market.