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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30-Year Mortgages in Vernon & Kelowna - New 2025 Rules

30-Year Mortgages in Vernon & Kelowna - New 2025 Rules

September 9, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

Did You Know? In 2025, new mortgage rules reshaped buying power across the Okanagan. First time buyers can now access insured mortgages with 30 year amortizations, the insured price cap increased t ...

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7 Reasons to Work With a Vernon and Kelowna Mortgage Broker

7 Reasons to Work With a Vernon and Kelowna Mortgage Broker

August 26, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

Looking for a Mortgage Broker in Vernon or Kelowna... start here Most Vernon buyers start at their bank. Smart shoppers compare options. A local mortgage broker searches banks, credit unions, and alt ...

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Reverse Mortgages in Vernon & Kelowna - Retirement Solutions for BC Seniors

Reverse Mortgages in Vernon & Kelowna - Retirement Solutions for BC Seniors

August 19, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

How Can You Use a Reverse Mortgage to Enhance Retirement Life in Vernon and Kelowna? For many homeowners in Vernon and Kelowna, retirement is about enjoying the beauty of the Okanagan, whether that m ...

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Unlocking Homeownership: The Ultimate Guide to Mortgage Brokers in Vernon and Kelowna, BC

Unlocking Homeownership: The Ultimate Guide to Mortgage Brokers in Vernon and Kelowna, BC

August 5, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

Kelowna buyers win with a clear plan and the right broker. Start with our local hubs, Kelowna Mortgage Broker and Vernon Mortgage Broker, then review purchase steps on Home Purchase Mortgages. ...

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July 30 - 2025 - Bank of Canada holds policy rate at 2.75%

July 30 - 2025 - Bank of Canada holds policy rate at 2.75%

July 30, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While some elements of US trade policy have started to become m ...

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Decoding the June 2025 CMHC Housing Stats in Vernon, BC

Decoding the June 2025 CMHC Housing Stats in Vernon, BC

July 29, 2025 | Posted by: Posted by: Dawn Stephanishin & Jenn Wightman - Vernon and Kelowna Mortgage Brokers

Navigating the ever-fluctuating housing market in Vernon, BC can be challenging. Today, we decode the latest CMHC (Canada Mortgage and Housing Corporation) housing stats for June 2025 to provide you w ...

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Mortgage Payments Are Easing Yet Renewal Stress Is Real in Vernon, BC

Mortgage Payments Are Easing Yet Renewal Stress Is Real in Vernon, BC

July 17, 2025

It feels like a collective exhale across Vernon and the Okanagan. After two years of rapid interest?rate hikes, the Bank of Canada has paused and even trimmed its rate. Many local homeowners are fin ...

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Bank of Canada Rate Cut? 5 Mortgage Moves for Vernon & Kelowna

Bank of Canada Rate Cut? 5 Mortgage Moves for Vernon & Kelowna

July 8, 2025

BoC’s July 30 2025 Rate-Cut Countdown, 5 Mortgage Moves Vernon and Kelowna Homeowners Should Make Before Lenders Re-Price Summer on Okanagan Lake usually means paddle-boarding at Kal Beach and ...

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Bank of Canada June Rate Hold: Mortgage Strategy 2025

Bank of Canada June Rate Hold: Mortgage Strategy 2025

June 23, 2025

Why the June Rate Hold Matters On June 4 2025, the Bank of Canada (BoC) left its overnight rate unchanged at 2.75 % for the fourth meeting in a row (Source: Bank of Canada press release, June 4 202 ...

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