Mortgage Broker Abbotsford

Canada’s mortgage market is experiencing a unique phase of adjustment. After years of rapid rate hikes to tame inflation, the Bank of Canada’s current policy rate sits at 2.75% , a level that offers a mix of stability and opportunity for homeowners, buyers, and investors across British Columbia — especially in high-demand areas like Surrey, Abbotsford, and the Fraser Valley. With many wondering whether now is the right time to enter the market, refinance, or lock in rates, this blog dives into how current trends are shaping decisions in 2025 and beyond. Lower Bond Yields Are Cooling Fixed Rates One of the most notable shifts in recent months is the modest decline in fixed mortgage rates , largely driven by falling Government of Canada bond yields. This downward movement is opening up new possibilities for those who were previously priced out of the market or hesitant to commit. In markets like Surrey and Abbotsford, where housing demand remains steady but competition is m...