The Bank of Canada’s October 29 decision to reduce its policy rate by 25 basis points to 2.25 % signalled a shift from tightening to stabilization. After 18 months of steady declines in inflation and a weakened export sector, Governor...
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,...
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...