As of August 2025, homeowners in British Columbia and Alberta are regaining confidence in their home equity—and for good reason. After a period of rate volatility and price corrections, the dust is beginning to settle. Those who bought before the peak or held steady through it are now sitting on valuable equity—and they’re starting to...
BC’s mortgage market is constantly changing, and staying updated on the best mortgage rates can help you secure the lowest borrowing costs. Whether you are a first-time homebuyer, a homeowner looking for mortgage refinance, or a real estate investor, finding a competitive mortgage rate is crucial. In this guide, we’ll explore the current best mortgage...
The Bank of Canada (BoC) recently reduced its borrowing rate by 25 basis points, following previous cuts in June and July. As a result, Canada’s overnight lending rate fell to 4.25%. The overnight rate serves as the foundation for lenders’ prime rates and, consequently, variable mortgage rates. This is the lowest rate the BoC has...
Understanding the intricacies of a mortgage down payment in Canada is essential for a smooth and successful home purchase. Here, we’ll go over the most crucial facts you should know regarding down payments in 2024 so you can plan ahead of time and avoid surprises before closing: Whether you are a first-time buyer or updating...
Planning to apply a mortgage and wondering which mortgage rate type will suit you the best? One of the most important decisions a borrower will make when choosing a mortgage is whether to go with a variable or fixed interest rate. It’s a decision that can have a long-term impact on a homeowner, costing thousands...
