Mortgage Broker Abbotsford

  With the Bank of Canada’s policy rate now at 2.25 % , British Columbia’s real-estate market is entering 2026 with something it hasn’t seen in years — stability. After multiple rate hikes and headline-driven volatility, home buyers and mortgage renewers across Surrey, Abbotsford, and the Fraser Valley can finally plan with confidence. At Satbir Bhullar Mortgages , our focus is helping BC families translate national policy shifts into practical decisions — whether that means locking a competitive renewal, refinancing for cash-flow relief, or buying their first home under calmer conditions. Why the 2.25 % Rate Matters for 2026 The BoC’s October 2025 decision marked a definitive pivot from restraint to balance. Inflation has eased near 2 %, unemployment hovers around 7 %, and GDP growth is expected at 1.1 % for 2026. This environment supports steady housing demand without reigniting speculation. Borrowers now face: Prime ≈ 4.45 % → variable-rate payments ...

  After the Bank of Canada’s October 29 rate cut to 2.25 % , Canadian borrowers finally have breathing room. For homeowners across Surrey, Abbotsford, and the Fraser Valley , this winter marks a strategic moment to renew or refinance before the next policy meeting in December 2025. Rates are now the lowest since 2022 — and while economists expect a pause, the real opportunity lies in how homeowners act today. At Satbir Bhullar Mortgages , the focus is on helping BC residents turn this rate stability into lasting savings. Why the 2.25 % Environment Matters The Bank’s decision reflects soft growth (-1.6 % GDP Q2) and steady inflation near 2 %. For borrowers, that means: Variable-rate relief as lenders trim prime to ≈ 4.45 %–4.50 %. Bond yields near 2.7 % , opening the door to lower short-term fixed offers. Predictable policy —the BoC signalled it’s likely done cutting for now. Renewing now means avoiding spring 2026 congestion while locking in...

  The Bank of Canada’s October 29, 2025 decision to reduce its overnight rate by 25 basis points to 2.25% has renewed optimism among Canadian borrowers. The Bank Rate now stands at 2.50% , and the deposit rate at 2.20% , underscoring that inflation is under control and stimulus is once again on the table. After a 1.6% GDP contraction and a rise in unemployment to 7.1% , policymakers are seeking to stabilize consumer confidence and keep mortgage affordability intact. For homebuyers and investors in British Columbia , especially in Surrey and Abbotsford , this cut represents a critical inflection point. To understand how to take advantage of the new lending climate, Satbir Bhullar Mortgages explains how the change affects renewals, refinancing, and first-time purchases. Why the Bank of Canada Acted Now After a year of subdued exports and trade tension, the BoC lowered rates to sustain spending and offset soft labour data. Inflation is expected to hover around 2%,...