I'm your local mortgage broker in the North! My official company address of the brokerage I'm signed up with is out of Burnaby but I live & work here in the Peace Region locally! I'm licenced to provide mortgage services throughout the province of BC & AB so if you live in or near Dawson Creek, Grande Prairie or live in Edmonton or Vancouver I can assist you! Shop for a home with confidence, get preapproved first!
One application, one credit check and I shop for the very best rates and terms available! I have access to over 30 lenders and mortgage rates can change daily so get your application in and have the rate held from 90-120 days!
Whether you are buying your first home or making a move to your next home I'm here to assist you with your mortgage needs. Fast pre-approvals, personal service, same day appointments or work with me remotely! Assisting clients in Dawson Creek, Fort St John, Chetwynd, Tumbler Ridge, Mackenzie, Prince George, Terrace, Kamloops, Grande Prairie, Edson, Beaverlodge, Whitecourt......
Do you need to refinance your home and use your equity? I have lenders offering amazing rates for refinancing, call me and let's chat! OAC, terms & conditions may apply.
Sometimes life happens and you find yourself in a credit situation where you may have a high amount of debt or you owe CRA for back taxes. We do have private lenders for those situations and depending on how much equity you have in your home this might be an option for you! Just call or email me for details.
If you already own a property and it's mortgage renewal time, make sure you give me a call before you sign the renewal from your current bank or lender. There is a good possibility that I can get you a better overall package when we consider term, rate, and early pay out penalties, my goal is to keep as much of your hard earned money in your pocket! We even have lenders that will switch you for no cost.
Are you thinking of buying an investment property? I can help you with that as well! We have lenders available that will mortgage more 'doors' than most big banks!
Mortgages, home equity/debt consolidation, refinancing, investment properties, new to Canada, mortgage plus improvements, private or 2nd mortgages - I'm here to help and answer any questions you may have!
Call me anytime 250-219-2323 or 780-518-7908 with any questions or to fill out an application over the phone. In person meetings are by appointment only because I work from my home office or work with me remotely!
#dawsoncreekmortgagebroker #grandeprairiemortgagebroker #fortstjohnmortgagebroker #realestate #mortgage #interestrates
BLOG / NEWS Updates
Now Offering Virtual Meetings!
My business is now virtual/remote only which means if my clients wish to meet face to face it will be by using Zoom, Skype, or other similar applications. We of course will continue to communicate over the phone/email/text which most of my clients for the last 5 years have been doing already. Please email terrik@paragonmortgage.ca to request an application or go to the Apply Now tab on this website to start an online application.
Im based out of Grande Prairie, AB but am licensed for BC as well!
#mortgages #mortgagebrokerdawsoncreek #mortgagebrokergrandeprairie #mortgagebrokerfortstjohn #firstimehomebuyer #realestate #lowinterestrates #verico #paragonmortgage
CANADA HOUSING MARKET: THE FALL’S RISE
Canadian home sales rose by 8.6% (sa m/m) in October, the largest increase since July 2020. Listings moved in the same direction, albeit by a much smaller 3.2% (sa m/m). The larger increase in sales carried the sales-to-new listings ratio, an indicator of how tight the market is, to 79.5%, up from 75.5% in September, and much higher than its long-term average of 54.5%. As a result, the composite MLS Home Price Index (HPI) rose by 2.7% (sa m/m)the third consecutive acceleration, and the biggest, after months of price gains deceleration. Single-family homes and apartments were the main drivers of Octobers price gain.
Movements in the market were broad-based, with the uptick in sales spread out across much of the country. Sales went up in 28 of 31 local markets we track. Kitchener-Waterloo recorded the largest increase (29.5% sa m/m) followed by Thunder Bay, Kingston, Okanagan-Mainline, and Winnipegall recording increases of over 15% (sa m/m). While these are mainly suburban secondary markets, primary markets are also showing signs of strength, with Torontos sales going up by 9.9% (sa m/m) and Montreals and Vancouvers by 7.8% (sa m/m). Octobers national level of sales is historically strongthe second highest on record for October after October 2020, and a remarkable 40% (sa) higher than the 20002019 October-average.
source: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-news-flash.november-15--2021.html
Excess Household Savings and Implications for Inflation in Canada
Canadians have built up a record amount of savings during the pandemic. By some estimates, it totals around $300 billion. This stockpiled spending firepower has fueled concerns that inflation could be higher and more persistent than currently thought, especially at a time of growing supply-side constraints.
However, there are a few reasons to suggest the inflation impulse from excess savings may not be as hefty as some believe. The amount of funds in highly liquid cash form is significantly lower than the headline estimate, consumers are likely to gradually draw on their savings to spend, and the reorientation of outlays from goods to services will dampen price pressures.
Still, the amount accumulated in savings is large and unprecedented. This represents an important upside risk to the Bank of Canadas consumption and inflation forecast in the October Monetary Policy Report.
Source: https://economics.td.com/ca-excess-saving
