As of April 2025, mortgage arrears in Canada have begun to climb at a rate not seen since the early stages of the pandemic. According to a recent report from MPA Canada, mortgage delinquencies have reached their highest level in over four years, with economists warning that the trend could continue if economic stressors—like trade...
Introduction Housing affordability is once again at the center of Canada’s political debate. With the federal election on the horizon, former Bank of Canada Governor and potential Liberal leadership candidate Mark Carney has proposed removing the Goods and Services Tax (GST) on new home purchases for first-time buyers. The aim is to provide meaningful relief...
The Bank of Canada has announced a 25-basis-point reduction in its overnight lending rate, bringing it down to 2.75%. This marks the seventh consecutive rate cut, aimed at mitigating economic uncertainty caused by trade tensions and slowing inflation. For Canadians—especially those in Abbotsford, Surrey, and Edmonton—this development carries significant implications. Whether you are a homebuyer,...
If you’re searching for a mortgage broker near me in Surrey, BC, you’re likely exploring your financing options for buying a home, refinancing, or renewing your mortgage. While banks offer mortgage services, working with a local mortgage broker provides a range of benefits that can save you time, money, and stress. Mortgage brokers act as...
Managing multiple debts can be overwhelming, especially with high-interest rates on credit cards and personal loans. Homeowners in Abbotsford, Surrey, and nearby areas often consider two primary options to reduce their financial burden: debt consolidation and mortgage refinancing. A Home Equity Line of Credit (HELOC) is also an attractive alternative for those who want flexible...
