💰 BC Mortgage Rate Update – June 2025

📉 Rate Trends & Affordability Outlook

According to the BC Real Estate Association (BCREA), the Bank of Canada is expected to hold or gradually reduce its overnight rate through the second half of 2025. With inflation softening, pressure on lenders to maintain high fixed-rate mortgages is easing.

Meanwhile, real-time platforms like WOWA show that in B.C. as of June 6:

• 1-Year Fixed (insured): 4.69%

• 2-Year Fixed (insured): 4.39%

• 3- & 5-Year Fixed (insured): 3.79% (lowest available)

• 5-Year Variable (insured): 3.99%

Best rates are typically offered by non-bank lenders, though qualification criteria can be more stringent.

One clear sign of how rate changes are being felt is the sales-to-active listings ratio—a direct measure of buyer demand. For example:

• Port Coquitlam townhomes: 29.0% (strong seller's market)

• Coquitlam detached homes: 9.8% (buyer's market)

• Maple Ridge detached homes: 11.5% (buyer's market)

• Port Coquitlam detached homes: 9.4% (buyer's market)

Demand remains selective despite lower mortgage rates. Detached homes remain in buyer’s market territory due to affordability challenges, while townhomes are gaining traction as a more accessible option.

Port Coquitlam:

Coquitlam:

Maple Ridge:

‼️ Demand remains selective despite lower mortgage rates. Detached homes remain in buyer’s market territory due to affordability challenges, while townhomes are gaining traction as a more accessible option.

🧭 What It Means for You

• Buyers: Now’s a good time to get pre-approved and lock in a rate. If rates drop later this year, you can renegotiate; if they rise, you’ve secured savings.

• Sellers: As borrowing costs ease, more buyers may re-enter the market, creating new momentum—especially in competitive price bands.

• Investors: Rate trends could shift cash flow math and cap rate returns. Monitor closely.

💡 Pro Tip for Buyers

Most lenders offer a 90–120 day rate hold, so it’s worth starting conversations now—even if you plan to act later this summer.

🏘️ Market Snapshot – How Coquitlam, Port Coquitlam & Maple Ridge Are Performing

Affordability remains a key concern, even as mortgage rates ease. Prices have softened across many segments, yet buyer activity hasn’t surged, likely due to cautious optimism and inflation concerns.

Here’s how the market performed across your local communities:

Coquitlam

• Detached Benchmark Price: $1,778,300 (↓ 4.1% YoY)

• Townhome Benchmark Price: $1,085,000 (↓ 1.1%)

• Condo Benchmark Price: $724,000 (↓ 3.7%)

Maple Ridge

• Detached Benchmark Price: $1,287,300 (↓ 1.1%)

• Townhome Benchmark Price: $784,400 (↓ 0.9%)

• Condo Benchmark Price: $525,000 (↓ 3.4%)

Port Coquitlam

• Detached Benchmark Price: $1,412,000 (↓ 2.4%)

• Townhome Benchmark Price: $956,300 (↓ 0.9%)

• Condo Benchmark Price: $636,500 (↓ 0.5%)

Sales-to-active listing ratios reveal where buyers are most active. Port Coquitlam townhomes (29%) show strong demand, while detached homes under 12% reflect buyer hesitation despite falling borrowing costs.

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📞 Let's Talk Strategy

Whether you're considering a purchase, planning a sale, or simply curious how today’s mortgage landscape affects your real estate goals, expert guidance makes all the difference.

Let’s connect for a personalized conversation—no pressure, just insight.

Fartash Elyasi
Real Estate Professional, eXp Realty | The Optimal Group
📞 236-885-4669
📧 [email protected]
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