Garth Lyon Senior Mortgage Professional

Garth Lyon

Senior Mortgage Professional

103, 901-8 Avenue, Canmore, Alberta






It PAYS to shop around.

Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.

BLOG / NEWS Updates

A lender discounts five-year variable mortgage rate amid heated competition

TD Bank is looking to attract more homebuyers with a hefty discount to its variable mortgage rate as competition among Canadas biggest lenders heats up. The Toronto-based lender decreased its five-year variable closed rate to 2.45 per cent, or 1.15 per cent lower than its prime rate, for the month of May. TDs special rate offer comes roughly one week after the Bank of Montreal discounted its variable mortgage rate to 2.45 per cent until the end of May. Mortgage planner Robert McLister said last week that BMOs special discounted variable rate was the biggest widely advertised discount ever by a Big Six Canadian bank. TD spokeswoman Julie Bellissimo says its special five-year variable closed rate discount applies to new and renewed mortgages, as well as the variable rate term portion of certain TD home equity lines of credit. The moves come amid slowing mortgage growth. The Canadian Real Estate Association says national home sales sank to the lowest level in more than five years in April, falling by 13.9 per cent on an annual basis. The national average sale price decreased by 11.3 per cent year-over-year. The Canadian Press 15 May, 2018

Canadian homebuyers aren't deterred by rising rates

THINK OUTSIDE THE BOX:The spring homebuying season is underway and the intentions of potential homebuyers remains strong. But a new report says that although buyers are not put off by rising interest rates, most are not taking recent mortgage regulation changes into account when calculating how much they can afford. The BMO Spring Housing Report reveals that 23% of respondents are planning to buy a primary residence in the next year with an average price of $474,000 nationwide; $580K in Toronto and $603K in Vancouver. There is no doubt in homebuyers minds that interest rates will continue higher (76%) but 53% said they are not stress-testing their mortgages to ensure long-term affordability; although those in Ontario and BC are more likely to do so (53% and 51% respectively). For the first time in years, interest rates are beginning to rise making it increasingly important for Canadians looking to buy a home to stress-test their mortgage against a higher rate to ensure they can afford it over the long term, said Martin Nel, Head, Personal Banking, BMO Bank of Montreal. He added that mortgage professionals can help buyers navigate the regulations to ensure their budget is accurate. Mortgage preferences tend to be based on rates The report also shows that Canadians are generally in favour of fixed rate mortgages 69% have one but around half of respondents said their choice is based on rates available when they apply. Its encouraging to see that Canadians are thoughtful about weighing their mortgage options based on rate, but its equally important that they consider how their choice will affect their day-to-day finances, said Mr. Nel. For example, a customer who likes the certainty of knowing exactly how much of their monthly payment is going to principal versus interest may not be the best fit for a variable mortgage even at a lower starting rate. Steve Randall Real Estate Professional 3 May, 2018


TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital