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...
On April 16, 2025, the Bank of Canada (BoC) held its key policy rate at 2.75%, pausing its string of rate cuts after seven consecutive reductions. The decision reflects a cautious approach amidst persistent economic uncertainty, trade-related risks, and mixed inflation data. For homeowners in Abbotsford, Surrey, and nearby areas, this announcement may seem uneventful...
As of April 2025, mortgage arrears in Canada have begun to climb at a rate not seen since the early stages of the pandemic. According to a recent report from MPA Canada, mortgage delinquencies have reached their highest level in over four years, with economists warning that the trend could continue if economic stressors—like trade...
