As the Canadian housing market enters its most balanced phase in years, first-time buyers across British Columbia and Alberta are discovering new openings that didn’t exist in 2022 or 2023. The Bank of Canada’s September 2025 rate cut to 2.5%, coupled with improved inventory, is reshaping affordability across urban and suburban corridors from Surrey and...
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...
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...
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 in search of the best options for first-time home buyer mortgage? Being a first-time buyer may be both an exciting and stressful experience. When shopping for a mortgage and purchasing your first house, there are a lot of factors to take into account. The process of buying and financing a property can be...
