Entries by Jessy Savage

A Complete Guide to Getting A Mortgage in Victoria

So you’re ready to get on the property ladder and end the unforgiving cycle of renting – that’s great! Now all you need to do is find a property you love and secure a mortgage. Sounds complicated? It can be… but we’re here to simplify the entire process.  In our complete guide to getting a […]

How Much of a Mortgage Can I Afford? Breaking Down Purchasing Costs

Are you thinking about purchasing a home in British Columbia? With interest rates finally decreasing, making the leap now means you can get a great deal and save money.  While you’re probably focusing on the outright costs of home ownership, it’s essential to factor in the immediate and long-term expenses.  Knowing how much you can […]

Guide to Purchasing Your Investment Property in Victoria 

Are you ready to invest in a rental property? Victoria is one of British Columbia’s most popular places to live, combining mild weather with stunning nature and plenty of fun-filled activities.  Whether you want to rent a property or plan to invest in a commercial business, the process can be daunting. Luckily, we’re here to […]

September 2024 Interest Rate Announcement

The Bank of Canada (BoC) has again lowered its interest rates, marking the third cut in 2024. Overnight lending rates are now 4.25%, 25 basis points below the previous 4.5% rates, highlighting positive economic changes.  In its official statement, the Bank of Canada cited ongoing easing in inflationary pressures and excess supply in the economy […]

Top 5 Mortgage Renewal Tips: Our Guide to Renewing Your Mortgage in Victoria

Most homeowners in Victoria will face the same challenge at some point: renewing their mortgages.  While it might seem like extra work, mortgage renewals are an opportunity to evaluate your current financial situation and find better interest rates.  Understanding how to find the best deals can save thousands of dollars and improve your financial circumstances […]

Top Tips For Leveraging Your HELOC In 2024

With the Bank of Canada’s interest rate finally decreasing, Canadian homeowners have an opportunity to leverage the value of their homes through a Home Equity Line of Credit (HELOC).  Whether you want to consolidate debt, perform renovations or invest in real estate, HELOCs are cost-effective and flexible tools that help you manage your finances. In […]

Bank of Canada Interest Rate Announcement July 2024

If you’ve been following the Bank of Canada’s interest rate changes, you’ll know that the key rates have been reduced to 4.5%, another significant decrease since the rates went to 4.75% in June.  The reductions are welcome signs that inflation is finally beginning to cool down, with the new interest rate being a positive step […]

Top 10 Tips For First-Time Homebuyers Mortgages in Victoria

Are you getting ready to buy your first home in Victoria? Finally, escaping from the endless cycle of renting and enjoying the freedom of owning a property is an exciting time—but there are also plenty of things to consider.  The first is how to get a mortgage. If you’re new to the mortgage application process, […]

A Step-By-Step Guide To Renewing Your Mortgage in Victoria

As a homeowner in Victoria, you’ll usually have to renew your mortgage every few years. While it might seem like an extra headache you don’t really need; mortgage renewal also lets you shop around and find the best deals.  Whether you’re new to mortgage renewals or a seasoned pro, this helpful guide will help you […]