The Myplace Playbook // 044
Hey Everyone, **
As many of us wind down for the holidays, I wanted to take a few moments to recap where we're at and maybe, just maybe, help you realize that 2026 could be the year you finally stop waiting and start owning.
If you've been on the fence about buying a home in the Kootenays, the timing has definitely shifted in your favour.
Rates Have Found Their Floor**
The Bank of Canada is done cutting. We've landed at 2.25%, and everything suggests we're staying there through 2026. That might sound boring, but it's actually the best news you could ask for: no more guessing. No more waiting for "just one more drop."
Variable rate mortgages are sitting at 3.75%, nearly half a percent below fixed rates. That's real money in your pocket every single month. And because rates aren't going anywhere, locking in a variable right now gives you both the savings AND the flexibility you want.
The Kootenays Keep Humming
While major cities struggle with oversupply and density issues, our region is steady as people keep moving here because they realize they can get way more house for their money than in Vancouver or Calgary.
That interest in our area isn't slowing down, could probably state the opposite.
The Spring Rush is Coming, Get Ahead of It
Most people wait until March to start seriously looking. By then, the market wakes up, inventory tightens, and competition heats up fast.
But if you start now, this month, before the new year, you'll already be ahead when everyone else is scrambling in the spring. Get pre-approved. See what's out there. Know what's possible. By the time the rush hits, you'll be ready.
And here's why that matters inventory is probably tighter than you think. While it looks like they is a lot of homes on the market, once you start checking boxes for wants and needs you’ll find there are far less options than you think there are. When all the sidelined buyers suddenly realize "rates aren't going lower," they're all going to want to buy at once. That's when things move quickly.
For First-Time Buyers, The Deck is Stacked in Your Favour
Thirty-year amortizations. Variable rates at 3.75%. Government programs that actually help. Your monthly payment is more reasonable than it's been in years.
Stop waiting. 2026 is your year.
If you've been thinking about it, wondering if the timing is right, waiting for the "perfect" conditions, here's your answer: the conditions are good. They're stable. They're fair. They're good.
This holiday season, if there's one thing on your mind, let it be this: what if 2026 is actually the year I buy?
Let's talk about making it happen.**-Andrew
PS.*** Who doesn’t love a giveaway? Hit reply with a simply hello or a mortgage question and be entered to win a $100 local gift card. I’ll be drawing for one on Jan 1st (which is only 2 weeks from now, just fyi‼️) and every reply or question counts as an entry!*
Text me, right now! 250-919-5474
I don’t say this on a whim, I’m serious, if you text me now, I can show you exactly where you stand within a few hours. No stress, no pressure, no obligation.
Just a simple text that can put you at ease.