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My Rates

1 Year 2.69%
2 Years 2.69%
3 Years 2.69%
4 Years 2.69%
5 Years 2.79%
7 Years 3.57%
10 Years 3.14%
*Rates subject to change and OAC
AGENT LICENSE ID
88236
BROKERAGE LICENSE ID
x026191

Dave Foran

Mortgage Broker


Phone:
Address:
2183 240 Street, Langley, British Columbia

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Complete Mortgage Services is one of Canada’s premier mortgage companies. Our mortgage professionals and management team through knowledge & experience have extensive backgrounds in all types of financing and pride themselves on delivering exceptional financial service.

With over 30 years experience, our primary mandate is to obtain the Complete mortgage solution for each one of our clients. We treat every mortgage solution as if we were building a foundation for you – the solution we recommend will be designed for you specifically; carefully selected to meet your needs.

Last year alone our consultants helped thousands of people obtain, renew or refinance a mortgage. We are experienced, trained licensed mortgage consultants and active members in our local communities and industry associations.

After all, mortgage financing is one of the biggest financial decisions you may ever make. And with so many choices available in today’s marketplace, a Complete mortgage plan can assist you in reaching your financial goals and becoming mortgage free with ease!


BLOG / NEWS Updates

LISTINGS FALL AGAIN TO END 2019, PUSHING PRICES HIGHER

Canadian Real Estate Association data show that national-level home sales fell 0.9% (sa m/m) in December 2019 after rising in the previous nine months. Limited availability looks to be increasingly weighing on sales activity. The month saw another broad-based decline in new listings18 of the 31 centres for which we have data witnessed fallsthat lifted the national sales-to-new listings ratio to 66.9%. It was the highest ratio since 2004 and a third straight month of supply- demand conditions tilted in favour of sellers (after data revisions). Fourteen cities reported sellers market conditions; the rest were balanced. The aggregate MLS Home Price Index (HPI) rose 3.4% (nsa y/y), its best gain since March 2018. Montreal remained Canadas tightest local market, with rising sales and falling listings leading to yet another record-high sales-to-new listings ratio and the citys steepest y/y MLS HPI gains since 2005. Ottawas ratio also reached a new high as new listings plunged by more than 20% (sa m/m), driving a record 12.5% (nsa y/y) MLS HPI increase. Toronto also crept into sellers market territory for the first time since March 2017as in Montreal, home purchases rose and new listings felland its 7.3% (nsa y/y) HPI rise was the sharpest since 2017. Click here for more. Source: Scotiabank Economics

Story in 2018 and early 2019 was weak sales; story in 2020 will be lack of supply

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate boards and associations this year and for 2020. Evidence suggests housing activity will continue to improve into 2020, with prices either continuing to rise or accelerating in many parts of Canada. Indeed, many housing market indicators continue to support this outlook. Economic fundamentals underpinning housing activity remain strong outside of the Prairies together with Newfoundland and Labrador. The national resale housing market outlook continues to be supported by population and employment growth while consumer confidence is benefiting from low unemployment rates outside oil-producing provinces. Additionally, the Bank of Canada is widely expected to not raise interest rates in 2020. Mortgage interest rates have declined, including the Bank of Canadas benchmark five-year rate used by Canadas largest banks to qualify applicants under the B-20 mortgage stress-test. Though the decline in the benchmark rate has been modest, it is helping to improve homebuyer access to home purchase financing.

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TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages