The Bank of Canada announced today that it will hold its key interest rate at 2.75%, pausing its cutting cycle for the first time in a year. This decision comes amid growing uncertainty over U.S. trade policies and their potential impact on the Canadian economy.
The Canadian economy is sending mixed signals, and the impact is being felt right here in the Fraser Valley real estate market. Last week's surprise job losses – the first decline in three years – coupled with ongoing trade tensions have dramatically shifted the Bank
As a homeowner in the Fraser Valley, you've likely built up equity in your property over the years. One of the most flexible ways to access this equity is through a Home Equity Line of Credit (HELOC). At Browne Mortgage Broker + More, we help
When it comes to refinancing your Fraser Valley home, the property's current value plays a crucial role in determining how much equity you can access. Strategic renovations and beautification projects can significantly increase your home's appraisal value, giving you more financial options. Why Renovate
The spring homebuying season has arrived early in the Fraser Valley, and it's bringing exciting opportunities for local homebuyers and homeowners. Major Canadian banks are slashing mortgage rates across the board, creating one of the most competitive lending environments we've seen in months. This rate
A Major Tax Break for First-Time Homebuyers Announced In a significant move that could reshape the Canadian housing market, Prime Minister Mark Carney has announced that the federal government will eliminate the GST for first-time homebuyers purchasing homes priced at $1 million or less. This
The Bank of Canada (BoC) has cut its overnight lending rate for the seventh consecutive time, bringing it to 2.75%. This represents a full 225 basis point decrease since the central bank began its cutting cycle in June 2024. But what does this rate cut
How Does a Purchase Plus Improvements Mortgage Work? The Purchase Plus Improvements Mortgage combines your home purchase and renovation costs into a single financing package. Here's the step-by-step process of how it works in practice: First, you get preapproved for your mortgage based on the
Are you venturing into the world of homeownership in the Fraser Valley area? It is such an exciting time for first-time home buyers, but navigating the complexities of mortgage approval can pose challenges. There are so many opportunities that new buyers may be unaware of,
The federal government has announced two programs for January 15, 2025, aimed at helping homeowners build secondary suites. It is being introduced with the intent to increase affordable rental housing in response to Canada’s ongoing housing affordability crisis. These programs offer two distinct financial
