Fixed mortgage rates hit nearly 5%, the Fraser Valley records its first price gains in 11 months, and 1.15 million Canadians face mortgage renewals. Here is what it all means for Fraser Valley buyers and homeowners this week.
Fixed mortgage rates surged this week as the Middle East conflict pushed bond yields higher. Meanwhile, Metro Vancouver sales sit 31.8% below normal and 1.4 million Canadian mortgages face renewal in 2026.
This Week in Canadian Mortgages: Rate Hold Holds, Fixed Rates Creep Up, and the Fraser Valley Finds Its Floor It has been a week of carefully managed uncertainty in Canadian mortgage markets. The Bank of Canada is keeping its rate steady while navigating the most
Welcome to your weekly roundup of Canadian mortgage and housing news. This past week brought a mix of steady policy, a rebound in housing construction, and continued cooling in the Fraser Valley market. Bank of Canada Holds Rates, Fixed Rates Tick Up The Bank of
Bank of Canada Expected to Hold Rates Steady at 2.25% The Bank of Canada is widely expected to maintain its policy interest rate at 2.25% when it announces its decision on Wednesday, March 18. According to a Reuters poll of 33 economists, markets are pricing
Spring is arriving, but Canadian mortgage holders and homebuyers are approaching the season with more caution than optimism. Rates are holding steady, geopolitical uncertainty is nudging fixed rates upward, and the Fraser Valley continues to favour buyers sitting on the sidelines. Here is what happened
Bank of Canada holds rates at 2.25%, Fraser Valley prices drop to 2021 levels, CMHC releases subdued housing outlook, and first-time buyer GST rebate clears Senate.
This week brought mixed signals for Canadian mortgage holders and prospective buyers. While experts are increasingly optimistic that interest rates could move lower in the coming months, housing construction is slowing dramatically, and Fraser Valley home prices have dipped below a key psychological threshold. Here
If you're a homeowner in Chilliwack, Abbotsford, Langley, or Mission, you've likely received your annual BC Assessment notice and wondered what all those numbers actually mean. More importantly, you might be asking whether the assessed value on that notice actually reflects what your home is
The period between offer acceptance and subject removal represents the most critical phase of your home buying journey. During these 3-7 days, you complete inspections, finalize financing, and make the final decision to proceed with your purchase. Understanding the subject removal process prevents costly mistakes
