The Rise of 30-Year Amortization for First-Time Buyers: What It Means for BC’s Housing Market
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...