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...
On July 30, 2025, the Bank of Canada left its overnight rate unchanged at 2.75%, extending its cautious approach to monetary policy for a third consecutive meeting. The central bank’s statement emphasized a “data‑dependent” stance, keeping the door open for future rate cuts if inflation cools further or economic growth stalls. For many Canadians—especially homeowners...
The Canadian housing market has endured a turbulent journey over the past two years, but as we move into the second half of 2025, optimism is quietly making a comeback. British Columbia, in particular, is witnessing early signs of recovery. While uncertainty still lingers, a pause in interest rate hikes, improving affordability metrics, and moderating...
Canada’s housing market is rebounding in mid‑2025. After a prolonged slowdown, home sales surged by 3.6% from April to May, marking the first increase since November 2024. Meanwhile, prices have remained largely stable, with the national average near $691,300 and the MLS® Home Price Index holding steady. This shift—from cooling to balance—presents a key opportunity...
British Columbia’s housing market is shifting. In the Fraser Valley—covering Abbotsford, Surrey, Langley, and nearby communities—sales have edged up while prices are cooling. This dynamic presents both opportunities and challenges for local homeowners. Below, we break down the latest data, interpret the impact for Abbotsford/Surrey residents, and offer actionable steps that align with smart mortgage...
