The Bank of Canada delivered welcome news on September 17th, cutting its benchmark rate by 0.25% to 2.5% – the first reduction since March. For Fraser Valley residents considering a home purchase, renewal, or refinance, this move signals a potential shift in the mortgage landscape
Choosing between fixed and variable mortgage rates represents one of the most significant financial decisions you'll make as a first-time homeowner. With interest rates fluctuating and economic uncertainty creating market volatility, understanding these options can save you thousands over your mortgage term. The right choice
The latest industry reports paint a picture of a Canadian mortgage market in transition, and for Fraser Valley residents, these changes present both challenges and opportunities that deserve your attention. Variable Rates Make a Strong Comeback After months of uncertainty, variable-rate mortgages have surged back
The Bank of Canada made its latest rate announcement on June 4th, choosing to keep the overnight rate steady at 2.75%. While many Fraser Valley residents were hoping for another rate cut, Governor Tiff Macklem and the governing council cited ongoing economic uncertainty, particularly around
With economic forecasts pointing to challenging conditions ahead for Canada, many Fraser Valley homeowners and prospective buyers are wondering what this means for their mortgage plans. Recent reports from Oxford Economics and Deloitte Canada suggest our economy may experience a recession in 2025, with impacts
After a period where mortgage rates appeared to be stabilizing at more affordable levels, the market has taken a new turn this May. Both fixed and variable-rate mortgages are experiencing changes that could impact your home buying or renewal plans. What’s Happening with Fixed
The Canadian economy faces mounting challenges as uncertainty over U.S. trade policies continues to disrupt markets and complicate economic forecasting. Recent tariffs imposed by the Trump administration have created significant headwinds for Canadian businesses and policymakers alike. Multiple Rounds of Tariffs Creating Economic Turbulence U.S.
April 25, 2025 Recent data from Statistics Canada shows that non-bank mortgage lenders are experiencing slower growth and rising delinquency rates, particularly in uninsured mortgages. As your local Fraser Valley mortgage experts, we want to break down what these trends mean for homeowners and homebuyers
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
