January 2026

Interest rates matter, but a mortgage is a long-term financial tool. Term length, flexibility, prepayment options, and portability can have just as much impact over time. The right mortgage supports your goals, not just the lowest headline rate.

Second, a good pre-approval is about clarity, not pressure.

A proper pre-approval helps you understand what feels comfortable, how different rate options affect your monthly payment, and how much room you want in your budget so you can shop with confidence.

Third, it helps to plan around today's reality, not just the headlines.

Many buyers are waiting for lower rates, but waiting for perfect timing can mean missing workable opportunities. Today’s rates can make sense when paired with the right structure and flexibility.

Fourth, you don't need to time the market - you can plan within it.

Understanding your finances and building flexibility into your mortgage is often more effective than trying to predict the market. While some larger Canadian markets have slowed, Vancouver Island has seen steady activity, reinforcing the value of a local, goal-based approach.

Finally, your REALTOR® and mortgage broker work best as a team.

When they're aligned early, your offer is stronger, timelines are smoother and stress is reduced.

The bottom line is this: you don’t need all the answers before you start. You just need the right people in your corner to help you make informed, confident decisions.