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 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
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
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
May 16, 2025 - Abbotsford, BCThe Fraser Valley housing market continues to present a complex picture for both buyers and sellers as we move deeper into spring. With inventory levels reaching heights not seen in over a decade, potential homebuyers have unprecedented selection and negotiating
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.
Cross-Border Dreams: Navigating Mortgages for BC Residents For many British Columbia residents, the appeal of building a home just south of the border in Washington State is undeniable. Lower property costs, proximity to Canadian family and friends, and the opportunity to create a custom retreat
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
