As of August 2025, Canada’s housing market is experiencing a late-summer shift that is opening doors for both new buyers and existing homeowners. With the Bank of Canada holding its key interest rate at 2.75%, and markets like Abbotsford, Surrey, and Edmonton seeing a surge in inventory, the mortgage landscape is more favorable than it...
Want to apply a mortgage? Eager to know how the latest rate cut will impact mortgage payments? The central bank declared on January 29 that it would reduce its lending rate by 25 basis points to 3%. The BoC lowered its lending rate by 50 basis points in December for commercial and residential mortgages. The...
Are you ready to apply a mortgage? You’ve finally reviewed your finances and the home market, as well as examined the many financial options available to you. And now, you made the decision to apply for a mortgage. After applying, comes the waiting period, which is one of the most difficult aspects of the house-buying...
Purchasing a home is arguably the most significant financial choice you will ever make, and the choice of mortgage can have a significant impact. The guidance of a licensed mortgage broker in Abbotsford or a registered mortgage consultant in British Columbia is crucial whether you are attempting to refinance or purchase your first home. Since...
The Bank of Canada’s hefty interest rate drop this week may have some Canadian homeowners tied into expensive mortgages fantasizing about a lower rate. However, the potential of relocating to a new property with a lower interest rate, or refinancing to take advantage of lower monthly payments, is weighed against the severe penalties associated with...
