The BC real estate market has slowed down in 2025, and one of the biggest reasons is high interest rates. These rates affect everything—buyer confidence, mortgage affordability, and even how long listings stay on the market.

But here’s the good news: there are strategic ways to navigate high interest rates, and you can still buy or sell successfully with the right plan.

Why High Interest Rates Are the #1 Reason the BC Market Has Slowed Down

Over the last two years, interest rates in Canada have remained at levels that make monthly mortgage payments significantly higher compared to 2020–2022. This leads to:

✔️ Reduced buyer purchasing power
✔️ Fewer qualified buyers
✔️ Longer selling times
✔️ More competitive pricing

Even confident buyers sometimes step back simply because the payment jump feels too big.

How Buyers Can Still Move Forward (Smart, Practical Solutions)

High rates don’t have to stop your homeownership plans. Here are the most effective strategies buyers in BC are using right now:

1. Work With a Mortgage Broker for the Lowest Possible Rate

A skilled mortgage broker can search multiple lenders—not just one bank—to find better terms. Even a small rate drop (ex: 0.25%) can save thousands.

Helpful link:
• Find a BC mortgage professional: https://www.mortgageproscan.ca/

2. Consider a 30-Year or Extended Amortization

Longer amortization = lower monthly payments, giving buyers more breathing room even with a higher interest rate.

This is especially helpful for first-time buyers or families upgrading to bigger homes.

3. Negotiate Purchase Price in a Slower Market

Because fewer buyers are active, sellers are more open to:

✔️ Price reductions
✔️ Covering buyer costs
✔️ Flexible terms

Small negotiation wins add up fast.

Browse active listings here:
https://tnrdhomes.com

4. Use a Temporary Rate Buydown

Some lenders and even sellers offer rate buydowns (like 2-1 buydown programs), allowing lower rates for the first 1–2 years.

Great for buyers planning to refinance when rates drop.

5. Start With a Lower-Priced Home or Townhome

With high rates, many buyers shift to:

• Condos
• Townhomes
• Entry-level single-family homes

This allows a manageable payment now—then upgrade later when rates improve.

Explore Ashcroft, Cache Creek, and Kamloops listings here:
https://tnrdhomes.com

6. Get Pre-Approved Before Shopping

A pre-approval locks in your rate and strengthens your negotiating power.

• 90–120 days rate hold
• Avoids surprises later
• Helps you stay realistic with budget

The Big Takeaway

High interest rates are challenging, but not impossible to overcome.
With the right strategies—smart financing, negotiation, and a realtor who understands BC’s shifting market—you can still buy or sell with confidence.

And as a buyer or seller, you don’t need to face these decisions alone.

📞 Need Guidance in the Current Market? Let’s Plan Your Move.

Whether you're buying or selling in Kamloops, Ashcroft, or the surrounding TNRD area, I can help you:

✔️ Understand today’s rates
✔️ Create a personalized buying strategy
✔️ Position your listing to attract serious buyers
✔️ Navigate negotiations in a slow market

Contact:
Kevin Scharfenberg
Personal Real Estate Corporation
📞 250-457-1795
Brokered by: EXP Realty
🌐 https://tnrdhomes.com