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...
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...
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...
The Office of the Superintendent of Financial Institutions (OSFI) Canada recently eliminated the stress test requirement for all mortgage renewals, no matter insured or uninsured. With over 70% of Canadian mortgages being uninsured ones, homeowners can now switch to a different lender to take advantage of a better deal, without feeling stressed about mortgage stress...
