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https://www.sandhusranmortgages.com/wp-content/uploads/2025/05/The-Rise-of-30-Year-Amortization-for-First-Time-Buyers-What-It-Means-for-BCs-Housing-Market-1200x640.webp

For years, one of the biggest barriers to homeownership in British Columbia has been affordability — especially for first-time buyers in high-demand markets like Abbotsford, Surrey, and nearby communities. In 2025, a major policy shift aims to address this: 30-year amortization terms are now available on insured mortgages for new construction homes purchased by first-time...

https://www.sandhusranmortgages.com/wp-content/uploads/2025/05/How-Much-Mortgage-Can-You-Afford-in-2025-A-Guide-for-BC-Homebuyers-1200x640.webp

In 2025, the dream of homeownership in British Columbia is still alive — but getting there requires a grounded understanding of what you can truly afford. Whether you’re a first-time buyer in Surrey, a family upgrading in Abbotsford, or relocating to Edmonton for a fresh start, mortgage affordability isn’t just about what a lender approves...

https://www.sandhusranmortgages.com/wp-content/uploads/2025/04/First-Time-Homebuyer-Mortgage-Guide-for-Abbotsford-and-Surrey-1200x640.webp

Purchasing your first home is a milestone achievement—and a major financial decision. In thriving markets like Abbotsford and Surrey, first-time buyers are stepping into a competitive but opportunity-rich landscape. Whether you’re buying a cozy townhome, a single-family property, or investing in a new construction project, understanding how mortgages work is the foundation of a successful...

https://www.sandhusranmortgages.com/wp-content/uploads/2025/03/GST-Proposed-Cut-for-First-Time-Buyers-Will-It-Fix-Affordability-1200x640.webp

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...

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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,...

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