As we move deeper into 2025, a wave of mortgage renewals is sweeping across Canada—and homeowners in Abbotsford, Surrey, and surrounding areas are right in the thick of it. According to recent projections, over $315 billion in Canadian mortgages are set to renew this year, many of which originated during the historically low interest rate...
On April 16, 2025, the Bank of Canada (BoC) held its key policy rate at 2.75%, pausing its string of rate cuts after seven consecutive reductions. The decision reflects a cautious approach amidst persistent economic uncertainty, trade-related risks, and mixed inflation data. For homeowners in Abbotsford, Surrey, and nearby areas, this announcement may seem uneventful...
Introduction With the Bank of Canada’s recent rate cut in March 2025—and the potential for more to come—many homeowners and buyers across Abbotsford, Surrey, and surrounding areas are re-evaluating their mortgage strategies. Whether you’re renewing, refinancing, or buying your first home, the decision between a fixed-rate mortgage and a variable-rate mortgage can have a lasting...
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...
