As BC heads into the fall of 2025, the mortgage market is entering a rare period of rate stability. The Bank of Canada’s July 30 hold at 2.75% confirmed what many industry analysts expected — no immediate moves on the...
The Bank of Canada’s (BoC) July 30, 2025 decision to hold its key policy rate at 2.75% marks a critical turning point in British Columbia’s mortgage market. While the rate hold was widely anticipated after June's inflation data showed continued...
As 2025 unfolds, thousands of homeowners across British Columbia — especially in hot zones like Abbotsford and Surrey — are confronting a financial reality they didn’t anticipate when they first signed their mortgages: renewal shock. With rates still elevated despite...
Mortgage renewals are an important financial decision, especially for homeowners in Abbotsford, Surrey, Langley, and surrounding BC communities who are facing higher rates than they originally signed up for. If your mortgage term is ending in 2025 or early 2026,...
Is your mortgage about to expire? Upon the expiration of your mortgage term, you will have several choices, including renewal and refinancing. Among other criteria, what you do may have an impact on the amount you are expected to pay...
Within the ever-converting panorama of the actual property marketplace, timing is everything. In case you’re a owner of a house who secured a mortgage while interest charges have been higher, now is the time to act. Mortgage refinancing can be...
When it comes to personal finance, few decisions carry as much weight as renewing your mortgage. As we've stepped into 2024, many mortgage borrowers find themselves at the threshold of renewal. For residents of Abbotsford and beyond, understanding the dynamics...
When it comes to mortgages, even the difference in interest rates can bring about a great change. These interest rates will sometimes move up and down for multiple reasons, and the market (both the Canadian market and the economy) can...