In June 2025, the Bank of Canada (BoC) held its benchmark rate steady at 2.75%—its second consecutive pause this year. While economic forecasts remain mixed, this policy move provides a crucial opportunity for homeowners across Abbotsford, Surrey, and Edmonton to act decisively on mortgage renewals, refinances, and equity strategies. Whether you’re facing a renewal, considering...
As we move deeper into 2025, a wave of mortgage renewals is sweeping across Canada—and homeowners in Abbotsford, Surrey, and surrounding areas are right in the thick of it. According to recent projections, over $315 billion in Canadian mortgages are set to renew this year, many of which originated during the historically low interest rate...
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...
BC’s mortgage market is constantly changing, and staying updated on the best mortgage rates can help you secure the lowest borrowing costs. Whether you are a first-time homebuyer, a homeowner looking for mortgage refinance, or a real estate investor, finding a competitive mortgage rate is crucial. In this guide, we’ll explore the current best mortgage...
