Dan Penner Mortgage Advisor

Dan Penner

Mortgage Advisor

1401-1130 West Pender Street, Vancouver, British Columbia, V6E 4A4







It PAYS to shop around.

Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.

BLOG / NEWS Updates

🏡 Canadian Real Estate Roundup: Home Sales Surge in January Kickstarting 2024 📈

Hey there, home hunters and market enthusiasts! 🏠✨ Guess what? The Canadian real estate scene is off to a roaring start in 2024, and weve got the deets straight from the Canadian Mortgage Trends magazine! Toronto Lights Up the Sales Chart 🔥 The Greater Toronto Area is stealing the spotlight with a whopping 37% increase in home sales compared to last year! 🌆📊 And hey, even though average prices dipped slightly by 1%, theres a silver lining. Get ready for more action as the Bank of Canada gears up to potentially cut rates in the second half of the year. 🏦💰 Vancouvers Bounce Back 💪 Not to be outdone, Vancouver is making a strong comeback with a stellar 38.5% surge in sales! 🌊🏡 The benchmark prices are up by 4.2%, and with more sellers stepping into the ring, the competition is getting fierce. 🥊🔥 Brace yourselves for a potential shift into sellers territory if inventory cant keep up with the demand! 📈🛒 Montreals Resilience 🍁 Heading east to Montreal, where the market is showing resilience with an 18% boost in sales. 🎉💼 The median prices for both single-family homes and condos are on the rise, fueled by positive prospects regarding interest rates. 📈💸 Keep an eye out for potential headwinds due to economic slowdown, but the market is holding its ground! 🏡🤞 Calgarys Hot Streak 🔥 Calgary is heating up with a 37.7% jump in sales, and the benchmark prices are sizzling at a 10% increase! 🌞🔥 New listings are helping ease supply challenges, but the tight conditions are keeping the prices on an upward trajectory. 📈🏠 Ottawas Cautious Comeback 🏰 Meanwhile, in Ottawa, the market is cautiously coming back to life with a 16.5% rise in sales. 📈🌼 While benchmark prices climb by 3.2%, it seems buyers are cautiously approaching the market post-pandemic. 🏡😌 Whats Next? 🚀 Hold onto your real estate hats because experts predict a second-half surge in 2024, especially if the Bank of Canada decides to cut interest rates! 💼💰 So, whether youre a buyer, seller, or just a real estate enthusiast, the Canadian housing market is shaping up to be quite the rollercoaster ride this year! 🎢🏠 #RealEstate #HomeSales #CanadaHousing #MarketTrends #BankOfCanada #Homebuying2024 🏡✨ #VancouverMortgageBroker #NorthVancouverMortgageBroker #WestVancouverMortgageBroker #BurnabyMortgageBroker #CoquitlamMortgageBroker #PortMoodyMortgageBroker #NewWestminsterMortgageBroker #SurreyMortgageBroker #LangleyMortgageBroker #AbbotsfordMortgageBroker #MissionMortgageBroker #MapleRidgeMortgageBroker #PittMeadowsMortgageBroker #ChilliwackMortgageBroker #KelownaMortgageBroker #VernonMortgageBroker #VictoriaMortgageBroker #VancouverIslandMortgageBroker #BestMortgageRates #BestMortgageBroker 🏡✨

Canadian Home Sales Showing Signs of Recovery

Following a weak second half of 2023, home sales over the last two months are showing signs of recovery, according to the latest data from the Canadian Real Estate Association (CREA). Home sales activity recorded over Canadian MLS Systems rose 3.7% between December 2023 and January 2024, building on the 7.9% month-over-month increase recorded the month prior. While activity is now back on par with 2023s relatively stronger months recorded over the spring and summer, it begins 2024 about 9% below the 10-year average. Sales are up, market conditions have tightened quite a bit, and there has been anecdotal evidence of renewed competition among buyers; however, in areas where sales have shot up most over the last two months, prices are still trending lower. Taken together, these trends suggest a market that is starting to turn a corner but is still working through the weakness of the last two years, said Shaun Cathcart, CREAs Senior Economist. https://stats.crea.ca/en-CA/


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