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The most common question I’m hearing from buyers in BC right now is straightforward: Should I lock in a fixed rate, or choose a variable rate in 2026? With all the rate changes over the past two years — and ongoing speculation about what the Bank of Canada may do next — deciding between a fixed and variable mortgage is no longer straightforward. The best choice really comes down to your financial goals, comfort with risk, and how long you plan to stay in the property. Let’s b

If you’ve been waiting to see where mortgage rates are heading in 2026, here’s your update. The Bank of Canada just held its overnight rate steady again in December, keeping it at 2.25%. For anyone in British Columbia thinking of buying, renewing, refinancing, or selling this year, this stability could be a big opportunity. Let’s walk through what this means for you and how to take advantage of it, no matter where you are in your homeownership journey. What’s a Rate Hold and

Most People Auto-Renew Without Question You receive a letter from your lender. Your mortgage term is coming to an end, and they’re offering a new rate and a new term. It feels straightforward, familiar, and safe. So you sign it. You send it back. And just like that, you’ve locked yourself in for another five years. But here’s what most people don’t realize: that quick, routine decision can cost you thousands of dollars—not only in extra interest, but in missed opportunities.