Where Do Fixed Rates Go From Here?

As 2024 ends, Canadians with impending renewals want to know if they are as doomed as the media has made them out to be. As your local Kamloops Mortgage Broker, let’s review the facts. The Canadian mortgage fixed interest rate market has entered a new phase characterized by modest fluctuations and a cautious outlook influenced […]

Your Home’s Fall Checklist

As your local Kamloops mortgage broker, I thought it would be a great time to remind you to prepare your home for the colder weather. A few things can make a big difference and save you time and money later. Get your mind in the gutters Ensure those gutters are checked and cleaned, and don’t […]

Is Affordability Back on the Table for First-Time Home Buyers?

https://youtu.be/WTWJcoHXvP8?si=Vw-F6WipSENPtWkB Lower rates and increased amortizations—will this be the solution first-time buyers need to get a set of keys to their first home? As your local Kamloops mortgage broker, I have experienced the frustration of first-time home buyers as they try to navigate the real estate market. Rising rates since 2022 squeezed affordability and pushed […]

Are You Fully Prepared to Buy a Home?

As your local Kamloops mortgage broker, I wanted to discuss the importance of being fully prepared for buying a home and what that will look like. According to The Complete Guide for First-Time Home Buyers, many new home buyers learned the most significant lesson: They should have been more thorough when budgeting and accounting for […]

How Bond Yields Impact Fixed Mortgage Rates

As your local Kamloops Mortgage Broker, helping you understand the ever-evolving landscape of mortgage financing is crucial. It’s essential to know how external financial factors can influence mortgage rates. One significant factor is the bond market in Canada and the US. Here’s a breakdown of how bond yields impact fixed mortgage rates and why staying […]

What Does 2025 Hold for Homeowners

As we near the fourth quarter of 2024, I, your local Kamloops mortgage broker, want to help you be prepared for the year ahead. The Canadian real estate market is on the cusp of a significant shift. As we approach 2025, homeowners, especially investors and those with second homes purchased during the COVID-19 pandemic, may […]

What Does the Rate Cut Mean for You

https://youtu.be/nVlJKfK7F-I?si=ZB0fHY1qzBRmQREu As your local Kamloops Mortgage Broker, I feel it’s essential for mortgage and variable debt holders to understand the Bank of Canada’s(Bank) decision to drop rates for the second consecutive time and what could impact further rate drops. The Bank’s decision to cut interest rates for a second consecutive time on Wednesday (July 24) […]

Just Don’t Think About It

https://www.youtube.com/watch?v=AP7OrONTM2E As your local Kamloops mortgage broker, I am asked daily what the future of interest rates will be. Canada’s inflation rate accelerated to 2.9 percent in May, an unexpected move. Financial analysts had been expecting the rate to ease to 2.6 percent. My response to any question about interest rates is it will depend […]

What Can We Expect With the Bank of Canada Rate Cut

As your local Kamloops mortgage broker, let’s break down the impending impact of the recent 25bps cut by the Bank of Canada. This is not just a mere adjustment but a strategic move to initiate an easing cycle. This cut benefits borrowers, who can now access loans at more favourable rates. This move is also […]

Is the Home Buyers’ Plan Increase Really All That?

As your local Kamloops mortgage broker, I am diving into the increase in withdrawal limits for the Home Buyers’ Plan. Is this exciting news for first-time home buyers, or is it all just a charade put on by the federal government? Saving for a down payment on your first home can seem daunting, given the […]