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My Rates

6 Months 3.50%
1 Year 2.34%
2 Years 2.24%
3 Years 2.44%
4 Years 2.49%
5 Years 2.49%
7 Years 3.44%
10 Years 3.84%
6 Months Open 3.20%
1 Year Open 3.20%
*Rates subject to change and OAC
AGENT LICENSE ID
134200
Trish Balaberde Mortgage Broker

Trish Balaberde

Mortgage Broker


Phone:
Address:
#200 - 1505 Harvey Ave , Kelowna, British Columbia

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VERICO mortgage specialists are Canada’s Trusted Experts and will be with you through the life of your mortgage.  As your broker my goal is to help you understand and successfully finance your home.  I am not tied to any one lender and will work with you, educate you and provide independent advice on the financial options that will assist you in deciding what is right for your situation. Getting the best rate is important.  So is choosing the right term and product.  You know your goals and my knowledge and experience will provide the insight on why you will choose one lender over the other.                 

I work with several lenders (more choice means competitive rates and terms) and after consultation with you I can quickly narrow down a list of those that suit you best making the choice for you easy and convenient.   You can be assured I will negotiate on your behalf and you can count on my knowledge to secure competitive rates and terms that will benefit you.  Let me investigate to see if there is an alternative to better suit your needs.

Whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — with 16 years experience I am the VERICO Mortgage Advisor who will work with you to get the right financing from the best lender with the rate and terms best suited to you.  


BLOG / NEWS Updates

Housing Market Digest by Will Dunning, Economist for Mortgage Professionals Canada

The Office of the Superintendent of Financial Institutions (OSFI) now requires that all residential mortgages by federally-regulated lenders must be stress-tested, at two percentage points above the contract interest rate (or the 5- year posted rate, if that is higher). In combination with the requirements for mortgage insurance, about 90% of all new mortgages will be tested. This can be expected to reduce housing activity by 10-15%. It is on top of the impact from recent rises for mortgage interest rates (another 5-10% drop in activity). The combined 15-25% drop in housing activity will affect the broader economy. In two years, employment could be 150,000-250,000 lower than it would otherwise be. There is a risk that house prices will fall. In a modern economy, a sustained drop in house prices is one of the most dangerous things that can happen: as happened in the US a decade ago, falling house prices can turn into widespread economic decline. Resale activity recovered a bit more in September, to 492,900, due to partial rebounds in BC and Ontario. Activity is flat in most other areas. CREAs House Price Index was flat in September. The year-over-year change is now 10.7% (down from the peak of 19.7% that was seen in April). The sales-to-new-listings ratio (SNLR) was 55.7% in September, slightly above the balanced market threshold of 51%. This indicator points to an outlook for stable prices (at worst). But, as noted, OSFIs stress test policy creates a risk of falling prices. We should, in general, expect that resale activity will trend upwards over time, because the population is growing and the housing inventory is expanding. Therefore, it is useful to look at sales on a per capita basis. Recent activity is below the long-term average.

Employment increased by 35,000 in October

In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan. Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade. The number of private sector employees increased in October, while public sector employment and self-employment were little changed.

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