Housing Affordability in Canada Is Shifting Again, What CPI and Employment Data Mean for Homebuyers
December 23, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
If you have been watching the housing market in Canada, it probably feels like the rules keep changing. One month affordability looks like it is improving, the next it feels tighter again. Inflation d ...
read moreDec 10-2025 - Bank of Canada maintains policy rate at 2.25%
December 10, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US ...
read moreWhat Canada’s Latest Jobs Report Means for Mortgage Rates Heading Into 2026
December 8, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
If you are watching the housing market in Vernon or Kelowna, the most recent labour numbers from November 2025 deserve a close look. With 54,000 jobs added nationwide and the unemployment rate dipping ...
read moreIs 2025 the Year to Smooth Out Your Debt? What People in BC Should Know About Consolidation Mortgages
November 25, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
If you live in Vernon or Kelowna, you are probably feeling the financial squeeze like many households across British Columbia. Interest rates stayed high for much of 2024, credit card balances climbed ...
read moreHow the Latest Bank of Canada Rate Cut Affects Your Refinancing Strategy
November 10, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
If you’re a homeowner in the Vernon or Kelowna region thinking about refinancing your mortgage, the recent move by Canada’s central bank is an important factor. We’re going to walk t ...
read moreOctober 29-2025 - Bank of Canada lowers policy rate to 2.25%
October 29, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. With the effects of US trade actions on econo ...
read moreCanadian Home Sales Poised for a Strong Finish in 2025
October 20, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
The Canadian housing market is showing signs of renewed strength as we approach the end of 2025. According to the latest report from the Canadian Real Estate Association (CREA), home sales across the ...
read moreHow Falling Rates Open Doors for Gig Workers in Vernon & Kelowna | Mortgages for Non-Traditional Income
October 7, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
When rates begin to fall, many people think: “Great, cheaper borrowing.” But for gig workers, freelancers, and people with non-traditional incomes, those lower rates can actually create ...
read moreHow the Recent Rate Cut in BC Affects Vernon & Kelowna Homebuyers — What You Need to Know
September 23, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
You’re sipping your morning coffee, scrolling through the news, and see that the Bank of Canada just dropped its overnight rate to 2.50%. That’s a 0.25% cut from its previous level. If you ...
read moreBank of Canada lowers policy rate to 2.5%
September 17, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher U ...
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