Bank of Canada Rate Hold: What the March 18 Announcement Means for South Surrey Real Estate Today, March 18, 2026, the Bank of Canada announced it will maintain the policy interest rate at 2.25%. This marks the third consecutive hold of the year, signaling a "wait-and-see" approach as the Canadian economy navigates a complex spring. While the national headlines focus on global energy volatility and trade uncertainty, homeowners and buyers in South Surrey and White Rock... [read more]

Bank of Canada Holds Prime Rate at 2.75% — What It Means for Buyers in the Fraser Valley Real Estate Market The Bank of Canada announced today, July 30, 2025, that it will hold the prime interest rate steady at 2.75%. This marks the third consecutive rate hold, signaling a shift toward stability after over a year of aggressive rate hikes. While economists continue to monitor inflation and global trade impacts, the hold offers an important signal for those navigating the real estate... [read more]

June 5, 2025 – The Bank of Canada has announced that it will hold its key interest rate at 2.75%, signalling cautious optimism while monitoring inflation and economic stability. While the rate remains unchanged for now, real estate professionals and economists alike agree — this could be the turning point that brings renewed confidence to buyers and sellers across the Fraser Valley and South Surrey markets. What Happened: Key Takeaways from the Rate Decision Overnight... [read more]

What the Bank of Canada’s April 2025 Rate Hold Means for BC Real Estate By Omeed Ghafori – Award-Winning REALTOR® | South Surrey & White Rock On April 16, 2025, the Bank of Canada (BoC) announced it will maintain its key policy interest rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While this may sound like just another economic update, for homeowners, buyers, and investors in South Surrey, White Rock, and across British Columbia, this decision... [read more]

Slow Start to Spring: What's Really Happening in the Fraser Valley? The Fraser Valley real estate market is off to a surprisingly sluggish start in Spring 2025, with March sales nearly 50% below the 10-year average — making it the slowest spring kickoff in over 15 years. As your trusted local REALTOR®, I’m Omeed Ghafori, and I’m here to break down the numbers and explain what this means for buyers and sellers across South Surrey, White Rock, and the greater... [read more]