AGENT LICENSE ID
136524MSB
BROKERAGE LICENSE ID
x026191
Amy-Jay Davidson
Mortgage Broker
Office:
Phone:
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2183 - 240 Street, Langley, British Columbia, V2Z 3A5
Helping find mortgage solutions to save you time and money.
Whether you are looking at buying a new home, investment property or refinance an existing property, you are in good hands. In fact, from shopping around and negotiating right through closing I work for you, not the lenders.
With an initial consultation and single application I can begin sourcing the best financing solution for you by assessing your specific situation and providing no-obligation, professional advice on what you can comfortably afford to borrow. From there I can help you make an educated buying decision by researching and filtering through British Columbia mortgage lender loans and products.
Together we will review the best options and I will support you every step of the way through the application and closing process. It is fast, efficient and in the majority of cases, I am paid by lending institutions so there is no cost to you.
Give me a call to provide you with the COMPLETE mortgage solution!
BLOG / NEWS Updates
NBC: Affordability improves for a fifth consecutive quarter in Q1 2025
Highlights:
Canadian housing affordability posted a fifth consecutive improvement in Q125. The mortgage payment on a representative home as a percentage of income (MPPI) fell 0.7 percentage point. Seasonally adjusted home prices increased 1.1% in Q125 from Q424; the benchmark mortgage rate (5-year term) declined 15 basis points, while median household income rose 0.8%.
Affordability improved in 8 of the ten markets in Q1. On a sliding scale of markets from best progression to least: Vancouver, Toronto, Victoria, Hamilton, Ottawa-Gatineau, Calgary, Winnipeg and Edmonton. On the flip side, Montreal and Quebec deteriorated in the first quarter. Countrywide, affordability enhanced 0.9 pp in the condo portion and 0.7 pp in the non-condo segment.
Housing affordability remains a significant challenge for Canadians, though the first quarter of 2025 brought continued relief. Nationally, affordability improved for the fifth consecutive quartermarking the longest such streak since 20082009. This progress brought the mortgage payment as a percentage of income (MPPI) to its lowest level in three years. Despite higher home prices across all markets, affordability gains were more widespread this quarter, supported by rising incomes and declining interest rates. Since peaking in late 2023, 5-year mortgage rates have fallen by a cumulative 91 basis points, reaching their lowest point in nearly three years. However, Montreal and Quebec City were notable exceptions. Home prices surged by 3.0% and 4.2% respectively during the quarter, preventing any affordability improvements. These markets remained resilient despite broader trade uncertainty, supported by less-stretched valuations and a still-strong labour market. Notwithstanding the widespread improvement in Q1, the composite MPPI remains well above its historical average. Anticipating the second quarter, further improvements in affordability from mortgage interest rates are likely to be limited, as the drop in 5-year rates is marginal thus far. However, ongoing weakness in Ontario and British Columbias real estate markets could lead to price drop in several cities. Over the longer term, a slowdown in immigration and softening labour market conditions may also ease pressure on housing demand. Still, resolving market imbalances will take time.
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/housing-affordability.pdf
CMHC: 25th Edition of CMHC's Mortgage Consumer Survey
At a Glance
In 2025, more first-time home buyers entered the market and about 60% used mortgage loan insurance.
Renovation activity is growing, with 55% of homeowners doing renovations in the last 3 years.
Websites are still the top source for mortgage information, but social media use has nearly doubled, with YouTube becoming more popular than Facebook.
2025 Housing Market Trends
Canadas housing market is changing from more first-time homebuyers to a stronger focus on eco-friendly living.
This year, there was an increase in first-time homebuyers. Most of them said they decided to buy because they were financially ready. They had saved up their down payment, qualified for a mortgage and felt prepared to become homeowners. On average, it took homebuyers 3.4 years to save for a down payment, compared to 4.2 years the previous year. Gifted money provided homebuyers with an average of about $80,000 to help them purchase a home.
Renovations are gaining momentum. Over half of mortgage consumers completed upgrades within the last 3 years and 75% plan to renovate in the next 5 years (excluding those who dont know). Energy-efficient changes stand out due to high satisfaction levels (93%) and about 80% of homeowners reported saving money on energy bills.
Mortgage consumers are turning to new ways to gather information. While websites remain the top choice, social media usage has surged, nearly doubling compared to last year. YouTube has replaced Facebook as the most-used social platform for this purpose. Younger audiences and first-time homebuyers are leading this shift to explore digital channels for advice and insights.
https://www.cmhc-schl.gc.ca/blog/2025/a-fresh-look-at-canadas-mortgage-consumers
BMO Survey: Personal Finance Concerns Rose Significantly Between March to April 2025
Survey shows concerns about inflation and their own financial situations increased by 16 points.
A special report from the BMO Real Financial Progress Index reveals Canadians concerns about their personal finances have surged amid increased economic uncertainty and market volatility.
The survey explored changes in Canadians concerns about their finances and current economic conditions between March and April 2025, and found:
Cost of living considerations: 78% reported growing concerns about the cost of living in April a 17-point increase from 61% in March.
Inflation concerns intensify Over three quarters (76%) say their concerns about inflation have increased a 16-point increase from 60%.
Temperature on tariffs: Concerns about the impact of US tariffs increased from 65% to 74%.
Rising recession risks: Canadians concerns about the prospect of economic recession increased from 60% to 74%.
Pulse on personal finances: Nearly three in five (58%) say they are more concerned about their financial situation a 16-point increase from the 42% in March.
In addition, nearly one quarter (24%) reported in April they are increasingly concerned about the prospect of losing their job.
Canadian consumer confidence recently plummeted to the lowest depths in at least six decades on fear that the trade war will cost people their jobs and undermine their financial security. However, sentiment improved modestly in April amid a partial de-escalation of the trade war. A more recent recovery in equity markets should support confidence further in May, said Sal Guatieri, Senior Economist, BMO. While BMO Economics is concerned about the economic impact of tariffs, we are less worried about the inflation outlook, as retaliatory tariffs on imports from the U.S. have been restrained. CPI inflation will likely hold close to the Bank of Canadas 2% target this year, paving the way for some further reductions in policy rates.
https://newsroom.bmo.com/2025-06-04-BMO-Survey-Personal-Finance-Concerns-Rose-Significantly-Between-March-to-April-2025
