NEWS
How the Bank of Canada’s rate cut impacts British Columbia’s real estate market
The Bank of Canada’s decision to cut interest rates can have significant ripple effects across various sectors, including the real estate market. In British Columbia (BC), where the real estate market is a crucial component of the economy, changes in the Bank’s policy can influence buying and selling patterns, property values, and economic activity.
Mortgage Renewal – Fixed or Variable Rate and How to Prepare
With over half of Canadian mortgages set to renew before the end of 2026, the recent reduction in the Bank of Canada’s key interest rate from 5.0% to 4.75% on June 5th has left many homeowners questioning whether to choose a fixed or variable rate upon renewal. Understanding these options and anticipating future changes is crucial for navigating the current mortgage landscape.
From Renting to Owning: Your Essential Guide to Buying a Home in a Competitive Market
Transitioning from renting to owning a home can be challenging, especially in a competitive real estate environment with high interest rates and escalating prices. However, with thoughtful planning and an understanding of the key steps involved, this dream can become a reality. Here’s a detailed guide to help you navigate the process.