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My Rates

6 Months 2.99%
1 Year 1.84%
2 Years 1.84%
3 Years 1.74%
4 Years 1.84%
5 Years 1.75%
7 Years 2.29%
10 Years 2.74%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
Alma Pasic Mortgage Advisor

Alma Pasic

Mortgage Advisor


Phone:
Address:
227-5589 Byrne Road, Burnaby, British Columbia

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The Canadian mortgage industry has never been more confusing.  Do I use a broker?  Do I go straight to my bank?  Who can get me the best rate?  Who can give me the best independent advice?

 

Alma Pasic has been helping clients navigate the confusing World of mortgages and financing in Canada for almost 20 years.  Using her expert knowledge of the industry and relationships with leading financial institutions, Alma gets her clients the approvals needed with the best terms.

 

As well as being the coauthor of “Complete Home Buyer’s Guide for Canadians”, available on amazon.ca, Alma is also a leading provider of real estate investment seminars throughout the Lower Mainland.

 

She offers a full service financial platform across a wide range of products and options by working with a range of realtors, accountants, builders, developers and financial planners. 

 

Alma has the resources and relationships to access the complete range of mortgage options. 

 

First Time Home Buyer                Self Employed                  Credit Challenged

Construction                                  Commercial                       Investment

Debt Consolidation                      Home Equity Loans          Consumer Proposal Payout

Bridge Loans                                 Home Improvements       New to Canada

Offshore Investor                          Spousal Buyout                Reverse Mortgages

 

 


BLOG / NEWS Updates

Home affordability improved in Q2 2020

Housing affordability in Canadas large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing from the central bank. Combined, income and mortgage rates were more than enough to offset the increase in home prices. Still, the decline in interest rates on a quarterly average basis does not completely reflect the change in 5-year mortgage rates since the beginning of the COVID-19 pandemic. The February to June decline in mortgage interest rates was a much more significant 41 basis points. Looking ahead, the preliminary data for rates shows additional improvements in the third quarter of the year (cumulatively they are down over 70 bps). While we expect this to help affordability, home prices should remain resilient based on the latest resale market data showing record sales volumes. Homebuyers have rushed back to the market after having delayed purchases and are now being offered record-low interest rates. Once pent-up demand is exhausted, the Canadian housing market will still have to face high levels of unemployment and reduced household formation due to lower immigration.

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent. The Bank Rate is correspondingly percent and the deposit rate is percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Both the global and Canadian economies are evolving broadly in line with the scenario in the July Monetary Policy Report (MPR), with activity bouncing back as countries lift containment measures. The Bank continues to expect this strong reopening phase to be followed by a protracted and uneven recuperation phase, which will be heavily reliant on policy support. The pace of the recovery remains highly dependent on the path of the COVID-19 pandemic and the evolution of social distancing measures required to contain its spread. The rebound in the United States has been stronger than expected, while economic performance among emerging markets has been more mixed. Global financial conditions have remained accommodative. Although prices for some commodities have firmed, oil prices remain weak. In Canada, real GDP fell by 11.5 percent (39 percent annualized) in the second quarter, resulting in a decline of just over 13 percent in the first half of the year, largely in line with the Banks July MPR central scenario. All components of aggregate demand weakened, as expected.

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