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!
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NBC: Home sales decline for a fourth consecutive month in March
Home sales fell by 4.8% between February and March, the fourth consecutive monthly drop in a row for this indicator. Following this decline, the number of transactions was 20% below the level in November last year, reversing last years rebound following the central banks interest rate cuts. Milder weather in March, particularly in the eastern provinces, failed to stimulate the housing market, as sales declined in 8 of the countrys 10 provinces, with P.E.I. (+2.7%) and Saskatchewan (+0.3%) being the exceptions. Newfoundland (-12.9%), New Brunswick (-8.7%), Ontario (-7.1%), B.C. (-7.0%), and Manitoba (-5.2%) experienced above-average declines in sales, while Nova Scotia (-4.5%), Quebec (-3.1%), and Alberta (-0.6%) experienced smaller drops. There is no doubt that the ongoing trade war with the U.S. has weighed on consumer confidence and the housing market across the country, with potential buyers waiting for more economic visibility before acting.
On the supply side, new listings rebounded 3.0% from February to March following an 11.9% decrease the previous month. Combined with the decrease in sales, active listings increased by 3.3% during the month, the third monthly advance in a row despite still elevated cancelled listings in March. Overall, the number of months of inventory (active listings-to-sales) increased for the fourth consecutive month, jumping from 4.7 in February to 5.1 in March, its highest level since April 2019 (excluding Covid). Meanwhile, market conditions loosened sharply during the month and moved from slightly tighter than their historical average to looser than average for the first time since June 2019 (excluding Covid). This was mainly due to a sharp softening in market conditions in Ontario and B.C., which are now deep into favourable to buyers territory. All other provinces are still showing tighter than average market conditions. These suppler market conditions have had an impact on prices, with the MLS Home Price Index declining by 1.0% month-over-month and by 2.1% year-over year.
On an annual basis, home sales dropped by 9.3% compared to March 2024, thus reaching their lowest level for that period of the year since 2009. Sales were down in four of the ten provinces, with the biggest decreases in Ontario (-24.6%) and B.C. (-9.6%), while the sharpest increases were observed in P.E.I. (+13.5%), Newfoundland (+9.7%), and Quebec (+9.1%). For the first quarter of 2025, cumulative home sales were down 6.3% compared to the same period in 2024.
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-canada.pdf
Bank of Canada: Monetary Policy Report Apr 2025
The Canadian economy ended 2024 strong. However, the escalating trade conflict is diminishing growth prospects. While tariffs are expected to increase price pressures, removing the consumer carbon tax has lowered energy prices. The unpredictability of US trade policy, and the speed and magnitude of the shifts, are making the economic outlook very uncertain.
In February and March 2025, the United States repeatedly threatened, imposed and then suspended tariffs on Canada and Mexico. Significant US tariffs remain in place, particularly on steel, aluminum and motor vehicles. Then, on April 2, the United States announced high and broad-based tariffs on nearly all its other trading partners. One week later, on April 9, it reduced most of those tariffs for 90 days to a 10% universal rate. This universal tariff does not apply to Canada and Mexico. There is a great deal of uncertainty around what will happen next.
Trade policy uncertainty is making it difficult for households, businesses and governments to plan. It is also difficult to know how the tariffs will affect the economy. Consequently, it is unusually challenging to project economic activity and consumer price index (CPI) inflation in Canada and globally.
Instead of a base-case projection, this Report contains two illustrative scenarios that consider different US trade policies. In addition, the Risks section focuses on the uncertainty related to how tariffs will impact the economy. The Bank of Canada has chosen this approach to better manage the risks in this highly uncertain environment.
https://www.bankofcanada.ca/publications/mpr/mpr-2025-04-16/
Bank of Canada holds policy rate at 2¾%
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.
The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations. Pervasive uncertainty makes it unusually challenging to project GDP growth and inflation in Canada and globally. Instead, the April Monetary Policy Report (MPR) presents two scenarios that explore different paths for US trade policy. In the first scenario, uncertainty is high but tariffs are limited in scope. Canadian growth weakens temporarily and inflation remains around the 2% target. In the second scenario, a protracted trade war causes Canadas economy to fall into recession this year and inflation rises temporarily above 3% next year. Many other trade policy scenarios are possible. There is also an unusual degree of uncertainty about the economic outcomes within any scenario, since the magnitude and speed of the shift in US trade policy are unprecedented.
Global economic growth was solid in late 2024 and inflation has been easing towards central bank targets. However, tariffs and uncertainty have weakened the outlook. In the United States, the economy is showing signs of slowing amid rising policy uncertainty and rapidly deteriorating sentiment, while inflation expectations have risen. In the euro area, growth has been modest in early 2025, with continued weakness in the manufacturing sector. Chinas economy was strong at the end of 2024 but more recent data shows it slowing modestly.
Financial markets have been roiled by serial tariff announcements, postponements and continued threats of escalation. This extreme market volatility is adding to uncertainty. Oil prices have declined substantially since January, mainly reflecting weaker prospects for global growth. Canadas exchange rate has recently appreciated as a result of broad US dollar weakness.
https://www.bankofcanada.ca/2025/04/fad-press-release-2025-04-16/
