Commercial mortgages are a cornerstone of business growth and real estate investment across British Columbia. In fast-growing markets like Abbotsford and Surrey, they fuel everything from small business expansions to large-scale developments. With the Bank of Canada holding its policy...
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...
British Columbia's mortgage landscape in mid-2025 is being reshaped by a rare economic backdrop: a "soft landing." As the Bank of Canada holds its policy rate at 2.75% following a June cut, many are asking what this means for mortgage...
The 2025 spring real estate season is building momentum across Abbotsford, Surrey, Langley, and surrounding BC communities. After a slow couple of years marked by high interest rates and market uncertainty, activity is rising again—driven by stabilizing fixed mortgage rates,...
Want to renew your mortgage? Looking for a mortgage renewal deal? A mortgage renewal is the act of taking your existing mortgage balance and extending it for a new term at a new mortgage rate. When your existing mortgage provider...
When you take out a mortgage to purchase a home, you must make consistent payments on the loan until it is paid off in full. Interest is deducted from each payment, while the remaining money is applied to the principal...
A commercial mortgage is a loan applied to buy a commercial property or, in some cases, made using a commercial property as collateral. Commercial property can include a warehouse, mall, office building, medical center, or retail store. Canada Mortgage and Housing...
Are you planning to apply a home equity loan? If yes, it’s better to stay aware of its advantages and disadvantages before applying to avoid any last minute surprises. A house equity loan is a loan secured by the borrower...
Is your current mortgage about to mature, or are you wanting to change it? Do not forget renewal management and plan ahead of time. This will prevent unpleasant shocks and create unique opportunity to improve your financial status. In the...