Home prices are down. Can first-time buyers afford Kelowna or Vancouver now?

Home prices are down, but for most first-time buyers in Kelowna and Metro Vancouver that hasn’t opened the door, and a bigger correction probably wouldn’t either. The typical Metro Vancouver home is about 14% below its 2022 high and Central Okanagan condos are down about 16%. But mortgage rates are higher than they were at the peak, so the monthly payment on a typical condo has fallen far less than its price, and average pay has only kept pace with inflation.

When I run the numbers for a typical young couple, a Kelowna condo is within reach today. A Kelowna townhouse would need prices to fall about another 27%, a Kelowna house about 49%, and a Vancouver condo about 32%. Nobody is forecasting drops like that. The better news is that there are ways in that don’t depend on a crash, and this guide puts a dollar figure on each of them.

The numbers use the September report from Greater Vancouver REALTORS (released October 2), the August report from the Association of Interior REALTORS, the latest Statistics Canada income data and my lender sheet of October 1, 2026.

General information, not advice for your situation. The worked examples use my lender sheet of October 1, 2026 (best insured five-year fixed 4.54%, qualifying at 6.54%); live rates elsewhere update automatically. All rates are on approved credit and subject to change.

How much have home prices actually fallen in Kelowna and Vancouver?

More than the talk of a slow market suggests, and less than the word correction implies. I use benchmark prices, the boards’ estimate of a typical home, because averages jump around with whatever happened to sell that month.

In Metro Vancouver, the typical home was $1,075,900 in September, 5.5% lower than a year earlier. Every type is down from a year ago: detached houses 7.3%, apartments 6.2% and townhouses 4.7%. From their highs, the typical home is about 14% cheaper, detached houses about 15%, townhouses about 10% and apartments about 11% (apartments peaked in spring 2022 and matched that level again in late 2023).

In the Central Okanagan, the August benchmark for a condo was $465,700, down 5.5% in a year and about 16% below its April 2022 high. Townhouses were $698,600 (down 3.3% in a year) and single-family homes $1,056,700, essentially flat on the year and about 7% below their 2022 high.

So the drop is real: the typical Kelowna condo costs about $92,000 less than at its April 2022 high, and the typical Vancouver apartment about $83,000 less. What it hasn’t done is lower the monthly cost of buying.

If prices are down, why does buying feel harder than it did in 2022?

Because the price is only half of the payment. On the Bank of Canada’s measure, the average rate on new insured five-year fixed mortgages at the chartered banks was 3.14% in April 2022 and 4.05% in July 2026, the latest month available. Fixed rates rose again in September with bond yields: the best insured five-year fixed on my sheet of October 1 was 4.54%.

Take the typical Kelowna condo with 5% down and a 25-year amortization, the longest an insured buyer could get in 2022. At its April 2022 price of $557,700 and 3.14%, the payment was about $2,633 a month. At today’s $465,700 and July’s 4.05%, it’s about $2,433, or 8% lower, after a 16.5% fall in price. At 4.54% it’s $2,557, just 3% lower. The typical Vancouver apartment cost about $765,400 in May 2022, when the average rate was 3.31%, for a payment of about $3,633. Today it’s about $3,515 at 4.05% and $3,694 at 4.54%: somewhere between 3% lower and 2% higher, on a price that’s about 11% lower.

Then there’s the stress test. In spring 2022 most buyers qualified at or near the 5.25% floor, because contract rates were low. On my October 1 sheet you’d qualify at 6.54% (the 4.54% rate plus 2%). On the same income and a 25-year amortization, that cuts the mortgage you qualify for by about 11%. The 30-year amortization first-time buyers can now get wins back about half of that.

And pay hasn’t caught up. Average weekly earnings in BC rose 19.1% between July 2021 and July 2026, while consumer prices in BC rose 19.8%. After inflation, average weekly pay buys slightly less than it did five years ago. RBC’s latest affordability report singles out BC, where a softer job market has held back pay.

So today’s buyer pays less for the home, only a little less each month, and qualifies for less.

How much income do you need to buy a home in Kelowna?

About $102,600 a year for the typical condo, $148,400 for the typical townhouse and $212,100 for the typical single-family home, if you’re a first-time buyer putting the minimum down and carrying no other debts.

The minimum down payment is 5% of the first $500,000 and 10% of the part above it. With less than 20% down the mortgage must be insured, and the CMHC premium (4.20% at 5% down over 30 years) is added to the loan. You qualify at 6.54%, not the 4.54% you’d pay at October 1 rates, and your housing costs at that rate, including property tax, heat and half of any strata fee, can’t top 39% of gross income.

What you’d actually pay each month is lower, because the payment at 4.54% is less than the qualifying payment. On the condo it’s about $2,335 for the mortgage, $3,451 on the townhouse and $5,152 on the house, before strata, property tax and insurance.

Other debts matter less than people expect, up to a point. Because the 44% limit on all debts sits 5 points above the 39% housing limit, a car payment of up to about $450 a month on a $112,000 income doesn’t change what you qualify for. Past that, every $100 a month of payments cuts the mortgage you can get by about $15,900.

How much income do you need to buy a home in Metro Vancouver?

About $144,300 for the typical apartment, $208,300 for the typical townhouse and $300,400 for the typical detached house. The detached number comes with a second wall: at $1,784,700 the home is over the $1.5 million cap for insured mortgages, so you need 20% down, which is $356,940 before closing costs.

National Bank’s latest affordability report lands in the same place. It puts the income needed to qualify for a typical Metro Vancouver condo at about $156,700 and for a typical non-condo home at about $310,300, using its own assumptions. Its estimate of the median Vancouver household’s income is about $95,300.

The gap between the two cities is the reason so many Vancouver renters look at the Okanagan. The typical Kelowna condo costs about 32% less than the typical Vancouver apartment, and the income needed falls from about $144,300 to about $102,600.

What does a typical first-time buyer household actually earn?

Less than any of these homes require, except the Kelowna condo. In Statistics Canada’s tax data, couples where the older partner is 25 to 34, the usual age for a first purchase, had a median income of $101,640 in the Kelowna area and $93,150 in Metro Vancouver in 2023, the latest year available. Assuming 10% pay growth since (my estimate, and a generous one: their median rose about 2% from 2022 to 2023), that’s about $112,000 and $102,500 today. Couples aged 35 to 44 had $133,110 and $125,930, and people aged 25 to 34 who don’t live with family about $47,600 to $47,700.

Renters, the people a first home is meant for, earn less again. At the 2021 census, the median renter household had $61,200 a year in the Kelowna area and $67,000 in Metro Vancouver, against $101,000 and $108,000 for owners.

The people who did buy a first home tell the same story from the other side. Statistics Canada tracked everyone who bought their first home in 2023. In the Kelowna area their median age was 33, their median family income was $140,000 and they paid a median $628,000. In Metro Vancouver they were 34, earned $145,000 and paid $745,000. That’s 38% to 56% more than the typical young couple earned that year, and far fewer of them made it: 925 first-time buyers in the Kelowna area in 2023, down from 1,390 in 2021, and 15,770 in Metro Vancouver, down from 22,200.

Many had help. In CMHC’s 2026 survey of recent borrowers, 28% of first-time buyers needed a co-signer other than their partner, most often a parent, and 27% got a financial gift. First-time buyers had rented for 7.6 years before buying, and buyers overall took 4.4 years to save a down payment, a year longer than in the previous survey.

How far would prices have to fall for a typical young couple to buy?

For a Kelowna condo, they already have. For everything else, much further than they’ve fallen so far. Measured from the 2022 highs, a typical young couple needs a Kelowna townhouse to be about 39% below its peak and a Kelowna house about 53% below. In Vancouver the apartment needs to fall about 40% from its peak, the townhouse about 59% and the detached house about 76%.

From today’s prices, the Kelowna townhouse would have to fall another 27%, the Kelowna house another 49%, the Vancouver apartment 32%, the Vancouver townhouse 55% and the Vancouver detached house 72%.

Households earning what 2023’s first-time buyers earned are much closer. For them, the Vancouver apartment is within reach today and the Kelowna townhouse needs only about another 6%. A house is still far off: another 35% in Kelowna and 33% for a Vancouver townhouse.

Would a 10%, 20% or 30% correction be enough?

Not for most homes. A further 30% drop from today’s prices would put a typical young couple into a Kelowna townhouse and leave them just short of a Vancouver apartment. It wouldn’t get them a Kelowna house (the income needed would still be about $151,000) or anything bigger than an apartment in Vancouver.

Forecasters don’t expect anything close. The BC Real Estate Association’s August forecast has the provincial average price down 1.2% this year. CMHC’s base case has Metro Vancouver’s average price at about $1.16 million this year and $1.19 million in 2027. TD sees BC prices down 1.3% this year, then up 0.9% in 2027 and 2.3% in 2028. The most bearish call I’ve seen is TD’s on Vancouver condos: down 7% to 8% this year and about 15% below the 2023 peak by mid-2027, the deepest drop in its data back to 2005. A typical young couple would need about 40% below the peak.

There’s also a catch in the crash scenario. Drops that big usually come with a weak economy, rising unemployment and lenders tightening up, and the buyers who were supposed to benefit tend to be the ones whose hours get cut. Waiting for a crash means betting you’ll have a secure job, a down payment and a lender’s approval at the moment most people don’t.

Is the down payment an even bigger wall than income?

For the Kelowna condo, the down payment is the only wall left. A typical young couple earns enough to qualify, but they need about $26,800 to close: the $23,285 minimum down payment plus about $3,500 for legal fees, an inspection and adjustments. The first-time buyer exemption covers the property transfer tax at that price. For anything bigger, the cash wall climbs as fast as the income wall.

That $20,250 comes from Statistics Canada’s Canadian Housing Survey, released September 21. It’s the national median for the roughly three in four renter couples aged 25 to 39 who have any registered savings; singles with savings had $15,330. And 85.5% of these renters said owning within five to ten years is important to them.

Saving 10% of a typical young couple’s gross income, which is hard while paying rent, closes the gap in about 3 years for a Kelowna townhouse or a Vancouver apartment, 7 years for a Kelowna house and about 36 years for a Vancouver detached house. National Bank finds the same in Vancouver: at a 10% saving rate the median household needs about 54 months for the minimum down payment on a condo and almost 400 months on a non-condo home, because anything over $1.5 million needs 20% down.

Watch the property transfer tax, too. The first-time buyer exemption stops at $860,000, so a first-time buyer pays the full tax on the typical Kelowna house (about $19,100) and Vancouver townhouse (about $18,300).

Is the stress test what’s really keeping first-time buyers out?

It raises the bar by about a fifth, but it isn’t what’s putting houses out of reach. Lenders qualify you at the higher of 5.25% or your contract rate plus 2%. That’s 6.54% on my sheet as of October 5, 2026, against a best five-year fixed of 4.54%, on approved credit.

If you could qualify at the 4.54% you’d actually pay, the income needed would fall to about $85,200 for the Kelowna condo, $122,700 for the townhouse and $173,800 for the house, and to about $119,200 for the Vancouver apartment. A typical young couple still wouldn’t qualify for the Kelowna townhouse or house, or for the Vancouver apartment. The stress test makes buying harder, but prices are the bigger problem.

OSFI’s newer loan-to-income limit gets mentioned a lot but affects few first-time buyers. It caps how much of each federally regulated lender’s new uninsured lending can go above 4.5 times income. It doesn’t apply to insured mortgages, so with less than 20% down it doesn’t touch you.

Would lower interest rates help more than lower prices?

About as much, point for point. Every 0.25% move in fixed rates changes what you can borrow by about 2.5%, because the qualifying rate moves with it. A full point lower would raise a buyer’s ceiling by about 11%, roughly what a 10% price drop would do. The two levers move together more often than not, too: rates usually fall when the economy is weak, which is also when prices soften.

That second card is the live risk. Bond yields rose in September as markets started pricing Bank of Canada hikes, and by late September markets saw the Bank’s October 28 decision as close to a coin flip. I wrote about what that means for renewals in Bank of Canada rate hike odds for October 28. For buyers, the short version is that a rate hold protects you: most lenders will hold a pre-approved rate, and with it your qualifying rate, for 90 to 120 days while you shop. A pre-approval is still conditional until the lender approves the property and your documents.

A variable rate qualifies lower: at prime minus 0.85% (3.60% on my sheet of October 1, qualifying at 5.60%), you can borrow about 10% more than at 6.54%. Treat that as room, not a target. Every hike after you buy comes straight out of your monthly budget.

Is renting cheaper than owning in Kelowna and Vancouver right now?

Month to month, yes, and rents are falling. Kelowna’s vacancy rate was 6.4% in CMHC’s October 2025 survey, the highest of any Canadian metro, and its purpose-built rents were down 5.2% from a year earlier in August. Metro Vancouver’s vacancy rate was 3.7%, and Vancouver asking rents for apartments and condos were 4.1% lower than a year earlier.

Owning the typical Kelowna condo costs about $692 a month more than renting a two-bedroom at today’s asking rents. In Vancouver the gap is about $845. But a big part of the mortgage payment isn’t a cost: it pays down what you owe. In the first year, about $617 a month of the Kelowna payment goes to principal, and about $900 of the Vancouver one. Over five years that’s about $40,800 and $58,900 of debt paid off.

Renting buys flexibility, a cheaper month and, with vacancy this high in Kelowna, some room to negotiate. Owning buys forced saving and protection from rent increases, with the risk that prices fall after you buy. The rent vs buy calculator runs your own numbers side by side.

Should you wait for prices to fall further?

Waiting has a cost, and it’s easy to underestimate. Here is what a year of waiting looks like for a couple renting a two-bedroom in Kelowna while they watch the condo market:

• Rent paid: about $27,000 at today’s asking rent, none of which comes back.
• Principal you would have paid down on the typical condo: about $7,400.
• Price: if condos fall another 5%, the typical one is about $23,000 cheaper.
• Rates: if fixed rates rise 0.5%, your borrowing room shrinks by about 5%, which cancels most of that price drop. If rates fall 0.5%, it grows by about 5%.
• Savings: another year of saving makes the down payment easier, and that part of waiting is real progress.

So waiting makes sense when it builds something: a bigger down payment, a cleaner credit file, a paid-off car loan, a second year of self-employed income for the lender. It makes less sense when it’s a bet that prices will fall further than they already have and rates won’t rise.

Presale buyers need to be especially careful. Some presale condo appraisals have come in 20% to 25% below the contract price, and the buyer has to cover the difference in cash. If you’re thinking about a presale, have the financing reviewed before you sign.

What would it take to make housing affordable again?

Every serious estimate says much more than a modest correction. They measure different things, so the figures don’t line up neatly, but they point the same way:

Getting there takes prices falling further than anyone forecasts, incomes rising much faster than they have, or rates dropping a long way, and more likely a slow mix of all three. If prices stay flat and pay rises 3.5% a year, a typical young couple’s income would catch up with a Kelowna townhouse in about 8 years, a Vancouver apartment in about 10 and a Kelowna house in about 19.

Which first-time buyer programs actually help in BC in 2026?

Several do, and they add up, though none closes a 30% to 50% gap on its own. At today’s prices:

The GST rebate doesn’t make a new home cheap. It removes a 5% tax that resale homes don’t carry. And the federal first-time home buyers’ tax credit, still often quoted at $1,500, is worth $1,400 from 2026 because the lowest federal tax rate was cut. There’s more on the savings accounts in my FHSA guide for BC buyers.

No longer available: the First-Time Home Buyer Incentive closed in March 2024. Build Canada Homes funds builders, not buyers. BC’s Attainable Housing Initiative does sell to first-time buyers under income limits, below market on 99-year leases, but only at one site, Vancouver’s Heather Lands.

Is a 30-year amortization a trap?

It’s a trade-off. On the typical Kelowna condo with 5% down, 30 years instead of 25 lowers the payment by about $222 a month and lets a typical young couple qualify for about $512,000 instead of $481,000. The cost is interest. If you never paid extra and rates stayed at 4.54% for the whole time, you’d pay about $72,800 more interest over the life of the mortgage, plus an extra 0.20% on the insurance premium.

The cost is smaller in practice. Most mortgages let you prepay 10% to 20% a year and raise your payment without a penalty, so you can take the lower payment now and shorten the amortization as your income grows. It becomes a problem when the lower payment is the only way the purchase works. Then a rate rise at renewal lands on a budget that was already stretched.

What actually gets a first-time buyer in the door?

Not a crash. These change the numbers:

If you’re not sure where you stand, the required income calculator and how much mortgage can I afford in Kelowna give you a first read. A pre-approval gets you much closer, though it stays conditional until the lender approves the property and your documents.

What could change the math in the next year?

Most of these point to flat or slightly lower prices. A rate hike would push the other way. My guess for the next year is more of the same: prices drifting a little lower in Vancouver, roughly steady in the Okanagan, and rates deciding whether buyers feel any difference.

My read

A correction alone won’t fix this. The gap between what homes cost and what young households earn is too wide for any realistic price drop to close, and the kind of economy that produces a 30% drop is the kind where lenders get stricter and paycheques get less certain.

That doesn’t mean first-time buyers are shut out everywhere. In Kelowna, a typical young couple can buy a condo today, and couples earning what recent first-time buyers earn can reach a townhouse. In Vancouver the entry point is narrower: even the apartment takes about $144,000 of household income, roughly the median family income of people who bought a first home there in 2023. A detached house as a first home, in either city, now mostly takes two strong incomes plus family money or a suite.

If you’re renting and waiting, decide what you’re waiting for. If it’s a bigger down payment, a cleaner credit file or a second year of self-employed income, that’s a plan, and it usually beats waiting for prices. If it’s a 30% drop, the math says you could wait a long time, paying rent the whole way.

Affordability terms in plain English

Sources and method

Prices are benchmark prices from Greater Vancouver REALTORS (September 2026) and the Association of Interior REALTORS (Central Okanagan, August 2026). Declines from the 2022 high use Vancouver’s Home Price Index levels and, for the Okanagan, the 2022 benchmarks as published at the time. Incomes needed assume the minimum down payment, the CMHC premium added to the mortgage (4.00% at 5% down plus 0.20% for a 30-year amortization), a 30-year amortization, qualification at 6.54% (the best insured five-year fixed of 4.54% on my lender sheet of October 1, 2026, plus 2%; 6.74% for the uninsured Vancouver detached example), monthly payments with semi-annual compounding, property tax of about 0.45% of value a year in Kelowna and 0.34% in Vancouver, heat of $60 a month for apartments and $100 for other homes, strata fees of $400 and $350 a month in Kelowna and $500 and $450 in Vancouver with half counted, no other debts, and debt service limits of 39% and 44%. Lenders’ figures vary. The typical young couple is Statistics Canada’s 2023 median for couples where the older partner is 25 to 34, plus my estimate of 10% pay growth since. Cash to close is the minimum down payment, BC property transfer tax after the first-time buyer exemption where it applies, and $3,500 of other costs. The payment comparison uses the Bank of Canada’s average rate on new insured fixed mortgages of five years or longer at the chartered banks (April 2022, May 2022 and July 2026). Rates are on approved credit. These are estimates, not approvals.

• Prices and sales: Greater Vancouver REALTORS, September 2026 report; statistics package; note on the 2022 Home Price Index update; June 2022 statistics package (2022 index levels); Association of Interior REALTORS, August 2026 release; media release with benchmark prices; 2022 Okanagan highs: KelownaNow; Western Investor; Global News.
• Forecasts: BCREA housing forecast (August 20, 2026); CMHC Housing Market Outlook, summer 2026 update; TD Provincial Economic Forecast (September 2026); TD on Greater Vancouver condos (June 2026).
• Incomes and buyers: Statistics Canada family income by family type; and by age; 2021 census household income by tenure; first-time buyers, Canadian Housing Statistics Program; average weekly earnings; Consumer Price Index; Canadian Housing Survey (September 21, 2026); CMHC 2026 Mortgage Consumer Survey.
• Affordability: National Bank Housing Affordability Monitor, Q2 2026; RBC (September 28, 2026); Demographia International Housing Affordability, 2026; CMHC supply estimate via Daily Hive (June 2025); Generation Squeeze (2022).
• Rents: CMHC Rental Market Survey 2025: Kelowna; Vancouver; Rentals.ca National Rent Report; Rentals.ca Kelowna; Rentals.ca Vancouver; Government of BC on rents (September 2026); CMHC national rental table (vacancy by metro).
• Rules and programs: FCAC on down payments; Department of Finance mortgage changes; CMHC premiums; CMHC GDS and TDS; OSFI qualifying rate; OSFI loan-to-income limits; CRA on the FHSA; Home Buyers’ Plan; 2026 repayment change; first-time buyers’ GST rebate; home buyers’ amount; BC first-time buyer exemption; BC newly built home exemption; First-Time Home Buyer Incentive (closed); Build Canada Homes framework; Attainable Housing Initiative.
• Rates, taxes and other: Bank of Canada rates on new lending; City of Vancouver 2026 tax rates; City of Kelowna 2025 tax rates; presale appraisals (MPA, August 21, 2026); unsold condos and the province’s proposal (BIV via Castanet, June 25, 2026); population estimates (Statistics Canada, September 23, 2026); BC election date (Daily Hive); Kelowna candidate forum (Castanet); rate hike odds (Canadian Press via BNN Bloomberg, September 18, 2026).

Rates as of October 5, 2026, on approved credit and subject to change. Corrections: [email protected].

Frequently asked questions

How much income do I need to buy a condo in Kelowna?

About $102,600 a year of household income for the typical Central Okanagan condo ($465,700 in August 2026), with 5% down, a 30-year amortization and no other debts, qualifying at 6.54% (October 1, 2026 rates). You’d also need about $26,800 to close.

How much income do I need to buy a house in Kelowna?

About $212,100 for the typical single-family home ($1,056,700), with the minimum $80,670 down. You’d also pay about $19,100 in property transfer tax, because the first-time buyer exemption stops at $860,000.

How much income do I need to buy a condo in Vancouver?

About $144,300 for the typical Metro Vancouver apartment ($682,500 in September 2026), with the minimum $43,250 down and the same assumptions. National Bank’s estimate, using its own assumptions, is about $156,700.

What is the minimum down payment in BC?

5% of the first $500,000 and 10% of the part up to $1.5 million; 20% at $1.5 million or more, because those homes can’t be insured. On a $700,000 home the minimum is $45,000.

Have house prices dropped in Kelowna and Vancouver?

Yes. Metro Vancouver’s typical home was 5.5% cheaper in September 2026 than a year earlier and about 14% below its 2022 high. Central Okanagan condos were about 16% below their 2022 high in August, and single-family homes about 7%.

Will house prices in BC keep falling?

Forecasters expect small moves, not a crash: BCREA sees the provincial average down 1.2% in 2026, and TD sees BC prices up 0.9% in 2027. TD expects Vancouver condos to keep falling into 2027.

How far would prices have to fall for first-time buyers to afford a home?

For a typical young couple, from today’s prices: nothing for a Kelowna condo, about 27% for a Kelowna townhouse, 49% for a Kelowna house, 32% for a Vancouver apartment and 55% or more for anything bigger in Vancouver.

Is it cheaper to rent or buy a condo in Kelowna?

Renting is cheaper month to month: about $2,250 for a two-bedroom at today’s asking rents, against about $2,940 to own the typical condo with 5% down. But about $617 a month of the mortgage payment goes to paying down your debt in the first year.

What is the mortgage stress test rate today?

You qualify at the higher of 5.25% or your contract rate plus 2%. With the best five-year fixed on my sheet at 4.54% as of October 5, 2026, that’s 6.54%. You pay the lower contract rate; the higher one only decides how much you can borrow.

Can first-time buyers get a 30-year amortization in Canada?

Yes. Since December 15, 2024, first-time buyers with an insured mortgage, and anyone buying a newly built home, can amortize over 30 years. The insurance premium is 0.20% higher.

How much is the BC first-time home buyer exemption?

Up to $8,000. First-time buyers pay no property transfer tax on the first $500,000 of a home priced up to $835,000, with a partial exemption up to $860,000. You must never have owned a principal residence anywhere in the world.

Should I wait for a housing crash to buy my first home?

Only if you’re prepared to wait years. Apart from a Kelowna condo, prices would have to fall 27% to 72% from today, depending on the home, before a typical young couple could buy, and forecasters expect small moves. Waiting is worth it when it builds your down payment or credit, not as a bet on a crash.

Keep reading: buying your first home

• First-time buyer mortgages in Kelowna: programs, down payment and pre-approval
• Mortgage pre-approval in Kelowna: what you qualify for, with a rate hold
• How much mortgage can I afford in Kelowna?
• Down payment to buy a house in BC: how much and where it can come from
• The FHSA for BC buyers
• Strata and condo mortgages in BC
• First-time buyer mistakes to avoid
• Bank of Canada rate hike odds: what an October 28 hike would mean

Find out what you can buy before you shop

Send me your household income, your savings and the kind of home you’re looking at, in Kelowna, Vancouver or anywhere else in BC. I’ll show you your real price ceiling at today’s rates, the cash you’ll need to close, which programs you qualify for, and the payment at 25 and 30 years. Call 250-859-2100 or book a free 30-minute call. No credit pull until you say go, and on standard residential mortgages the lender pays the fee.