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...
As we move through 2025, mortgage holders in British Columbia and Alberta are facing a critical moment. The Bank of Canada (BoC) has held its overnight lending rate steady at 2.75% in its June 2025 announcement, signaling a mid-year pause as it evaluates inflation progress and global economic risks. While this may bring a sense...
In 2025, qualifying for a mortgage in British Columbia requires more than good credit and a solid down payment. One of the biggest barriers today’s buyers face—especially in markets like Abbotsford, Surrey, and even Edmonton—is the mortgage stress test. Originally designed to cool overheated housing markets, this rule has become a permanent fixture in Canada’s...
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...
Good news for prospective home buyers! The Bank of Canada (BOC) just announced another 50 basis point cut to its policy rate, taking it down to 3.25% from 3.75%. This rate cut is a significant move that is surely going to improve the market gap in real estate. The Dec. 11 move is the central...
