Mortgage Brokers in Abbotsford

  While the first half of 2025 tested the patience of buyers and homeowners alike, the tide may finally be turning. The Bank of Canada’s rate pause, implemented mid-year, has started to yield tangible market reactions: home prices have plateaued, buyer demand is inching back up, and inventory levels are adjusting after months of imbalance. But this isn’t just a headline shift — it’s a signal. For BC homeowners and buyers, it’s time to rethink mortgage strategies and real estate timing. The Market Pulse: A Delicate Rebound, Not a Boom Let’s be clear: we’re not seeing a dramatic surge in home values. Rather, the rapid declines seen in late 2023 and early 2024 have cooled, and stability is becoming the new theme . This means that while bidding wars may not be back, neither are fire-sale deals. Instead, pricing consistency is offering buyers a fair playing field and giving sellers a reason to re-engage. For regions like Abbotsford, Surrey, and Edmonton , this rebalancing is esp...

  After a turbulent two years of interest rate hikes, inflation pressures, and mortgage stress, British Columbia’s housing market is showing signs of quiet revival in mid-2025. Inventory has increased, home prices have plateaued, and sales activity has started climbing steadily—particularly in regional hubs like Abbotsford and Surrey. With the Bank of Canada holding its policy rate at 2.75% and signaling potential further easing later this year, market sentiment is improving. But what does this mean for buyers, current homeowners, and mortgage borrowers? A Mid-Year Turnaround According to the latest data from the Canadian Real Estate Association (CREA), BC’s home sales have risen month-over-month for the third consecutive time. Price declines in early 2025 have slowed, and bidding wars are no longer the norm. While Vancouver remains expensive, cities like Abbotsford, Chilliwack, and Surrey have become attractive to both first-time buyers and investors looking for more value....

As of July 2025, the Canadian mortgage market is in a state of cautious transition. Following a mid-year pause by the Bank of Canada (BoC), both homeowners and prospective buyers are reevaluating their next moves. While fixed rates have slightly dipped since spring, variable rate holders and those nearing renewal remain caught in a wait-and-watch game. So what are the biggest takeaways from this uncertain stretch of the market—and how are Canadians adapting? 1. The New Normal: Proactive Renewal Planning Unlike previous years, many Canadians are no longer waiting for renewal notices to act. Instead, they’re working with brokers months in advance to assess current market offerings. The logic is clear: with rates still hovering around 5–6% on average, waiting for a last-minute deal could mean higher monthly payments. In areas like British Columbia and Alberta, homeowners are increasingly exploring refinancing opportunities , especially if their original mortgages were taken ou...