Mortgage Broker Abbotsford

  Commercial mortgages are a key driver of growth in Abbotsford, Surrey, and the Fraser Valley. From financing retail spaces in Surrey to expanding agribusiness operations in Abbotsford, they enable businesses to secure property, invest in infrastructure, and build long-term stability. As of August 2025, the Bank of Canada’s policy rate sits at 2.75% , shaping a commercial lending environment with both opportunities and challenges. Here’s what business owners and investors need to know. What Are Commercial Mortgages? Unlike residential loans, commercial mortgages are designed for properties used for business or investment purposes. They typically involve: Larger loan amounts Shorter amortizations (15–25 years) Higher interest rates, reflecting lender risk For an overview of the basics, see types of commercial mortgages in Canada . Current Market Snapshot Surrey : Strong demand for industrial and mixed-use developments, driven by transit expan...

  When the Bank of Canada announced on July 30 that it would hold the overnight policy rate steady at 2.75% , many in British Columbia’s real estate and lending sectors exhaled—at least momentarily. But for homebuyers, current owners, and those nearing mortgage renewal, the decision is more than just a headline. It sets the tone for the second half of 2025 and opens a narrow but important window for action. Let’s break down what this means if you’re navigating the mortgage market in Surrey, Abbotsford, Langley, or nearby regions . What the Rate Hold Really Means The central bank’s decision to pause further cuts —after reducing rates earlier this year—reflects a wait-and-see approach. Inflation continues to cool gradually, and economic indicators such as wage growth and consumer spending remain mixed. For the average BC mortgage holder, this translates into stability in fixed-rate mortgages , while variable rates remain unchanged . Yet, many lenders had already priced ...

  The Bank of Canada’s July 30 announcement kept its key interest rate steady at 2.75% , signaling a cautious approach as inflation continues to trend downward but hasn’t fully met target levels. For homebuyers and homeowners in British Columbia , this pause presents both challenges and opportunities—especially in markets like Abbotsford and Surrey , where affordability remains a key concern. Why This Decision Matters For those shopping for a home or planning a refinance, this decision provides some much-needed stability. Fixed mortgage rates , driven by bond yields, have seen modest declines over the past month, while variable rates remain unchanged. This means buyers can lock in competitive fixed-rate mortgages now, with potential for even better deals if the Bank signals another cut later this year. For first-time buyers, the combination of steady rates and programs like the GST exemption on new builds can create an excellent opportunity to enter the market. If you’re e...