Housing Affordability in Canada Is Shifting Again, What CPI and Employment Data Mean for Homebuyers

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 ...

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Dec 10-2025 - Bank of Canada maintains policy rate at 2.25%

Dec 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 ...

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What Canada’s Latest Jobs Report Means for Mortgage Rates Heading Into 2026

What 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 ...

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Is 2025 the Year to Smooth Out Your Debt? What People in BC Should Know About Consolidation Mortgages

Is 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 ...

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How the Latest Bank of Canada Rate Cut Affects Your Refinancing Strategy

How 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 ...

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October 29-2025 - Bank of Canada lowers policy rate to 2.25%

October 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 ...

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Canadian Home Sales Poised for a Strong Finish in 2025

Canadian 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 ...

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How Falling Rates Open Doors for Gig Workers in Vernon & Kelowna | Mortgages for Non-Traditional Income

How 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 ...

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How the Recent Rate Cut in BC Affects Vernon & Kelowna Homebuyers — What You Need to Know

How 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 ...

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Bank of Canada lowers policy rate to 2.5%

Bank 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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