Mortgage Broker Abbotsford

  Why Green Mortgages Matter With the Bank of Canada holding its rate at 2.75% , affordability remains a challenge in BC housing. But in Abbotsford, Surrey, and the Fraser Valley, more buyers are exploring green and energy-efficient mortgages — financing tools that reward eco-friendly homes and renovations. These products help homeowners reduce utility costs, access rebates, and even secure better lending terms when making energy-efficient upgrades. What Is a Green Mortgage? A green mortgage (or energy-efficient mortgage) provides financial incentives to buyers or owners who: Purchase homes built to energy-efficient standards Finance eco-upgrades like insulation, heat pumps, or solar panels Bundle renovations into a purchase or refinance For a primer on affordability basics, see mortgage affordability and its key factors in Canada . Benefits of Green Mortgages Lower Costs: Reduce energy bills with efficient systems. Increased Value...

  Why Co-Ownership Is Rising Despite the Bank of Canada holding its policy rate at 2.75% , affordability remains one of the biggest barriers for homebuyers in British Columbia. In Surrey, average benchmark home prices sit above $1 million, while even Abbotsford’s more affordable market stretches budgets. One solution growing in popularity is the co-ownership mortgage , where two or more buyers pool resources to purchase a property. Unlike co-signing, all buyers share ownership rights, mortgage liability, and equity growth. For a primer, see co-ownership mortgages in BC . Benefits of Co-Ownership Lower Entry Costs – Buyers split down payments, making it easier to qualify. Stronger Applications – Multiple incomes boost approval odds under stress test rules. Shared Expenses – Maintenance, taxes, and utilities become more manageable. Increased Buying Power – Co-owners can access larger or better-located homes. For context on affordabil...