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My Rates

6 Months 7.60%
1 Year 5.39%
2 Years 4.79%
3 Years 4.54%
4 Years 4.59%
5 Years 4.29%
7 Years 5.19%
10 Years 5.29%
6 Months Open 8.95%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
604463
Michael Giligson Senior Mortgage Broker

Michael Giligson

Senior Mortgage Broker


Office:
Phone:
Address:
5090 48th Avenue, Delta, British Columbia, V4K 1V8

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It is simple, when purchasing a home and need a mortgage; you can go to a local bank and accept one of their products only available to that institution. Or you can sit down with myself, Michael Giligson, a proud member of the Xeva Mortgage team, that has access to a wide range of lenders that will be competing for your business therefore offering a variety of products for you to choose from and the best interest rates possible with the best terms. It is a benefit to use me, a member of the Xeva Mortgage Team as we have access to more than 40 lenders including Canada’s largest banks, Credit unions, Trust Companies and private lenders. We give you unbiased advice and take the time to go through all your financing options. I will make sure you get the best mortgage available for your needs. I am here to work for you, not the banks.

 

Our Strength is Our Team Approach

Our team has more than 140 years of combined experience in the Banking and Real Estate Market. We utilize our expertise to cut through all the clutter and confusion, acting as a liaison between the lender, realtor, appraiser, credit agency, lawyers, and any other service-providers that could affect your transaction. Through our knowledge and experience we help you make sense of everything you may have trouble understanding. We know that it's especially important given the fact that your home is one of your single biggest investments. Michael utilizes an entire team that work with him at Xeva Mortgages to provide support and strength with clients' applications.

 

A Service worth Every Penny

In most cases, we are paid directly by the Lender so there is no cost to our clients, and because we don't get paid until the mortgage is fully completed, we are highly motivated to move your mortgage application quickly through all the required channels. We work for you and not the banks. We are committed to finding you the best mortgage financing options available to you and that are tailored to your specific financial goals.

 

An Advisor in Your Corner

We are also on top of all the latest trends and innovations in our industry - from the status of interest rates to the availability of alternative financing options. With our superior technology and commitment to taking care of our clients after the transaction, you can be assured that not only now, but in the future, you will always have the best rates and products available by using Michael Giligson and Xeva Mortgage.

The difference of even a  0.25% on a mortgage can result in thousands of dollars’ worth of savings over the life of your mortgage and allowing you to be mortgage free years sooner. 

 

Further information about Financial Planning; Life Insurance and Investments can be found at   Rethinkfinancial.com


BLOG / NEWS Updates

Statistic Canada: Building permits, March 2025

In March, the total value of building permits issued in Canada decreased by $549.4 million (-4.1%) to $12.9 billion. The decrease was led by the non-residential sector (-$716.3 million), and it was tempered by the residential sector (+$166.9 million). On a constant dollar basis (2017=100), the total value of building permits issued in March decreased 5.1% from the previous month and was up 11.1% on a year-over-year basis. Single-family permits slow residential sector growth Residential construction intentions in Canada increased $166.9 million (+2.0%) in March to reach $8.7 billion. A gain in the multi-family component (+$322.5 million to $5.9 billion) was partially offset by a decline in the single-family component (-$155.6 million to $2.8 billion). The rise in the multi-family component in March was particularly strong in British Columbia (+$397.8 million), driven by the Vancouver census metropolitan area (CMA) (+$652.3 million). Meanwhile, the single-family component decrease was primarily observed in Ontario (-$185.7 million) and was supported by Quebec (-$26.0 million). Overall, 22,800 multi-family dwellings and 4,400 single-family dwellings were authorized for construction in March, representing a 4.6% increase from the previous month. https://www150.statcan.gc.ca/n1/daily-quotidien/250514/dq250514a-eng.htm

Bank of Canada: Financial Stability Report—2025

A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. In the Financial Stability Report, the Bank of Canada assesses the resilience of the Canadian financial system and focuses on key risks that could undermine its stability. Ultimately, financial stability benefits all Canadians. Key takeaways Canadas financial system is resilient. Overall, households, businesses, banks and non-bank financial intermediaries successfully weathered the pandemic, a period of elevated inflation, and sharp increases in interest rates. Over the past 12 months, Canadian households have been carrying, on average, less debt relative to their income, and insolvency filings by businesses have dropped significantly. But there are pockets of financial stress. The economic impacts of the pandemic, as well as elevated housing prices due to persistent imbalances in the housing market, have led to higher levels of debt for some households and businesses. This has made them more vulnerable to financial shocks. Because Canadian households and businesses have remained resilient overall, financial institutions have not come under stress. Canadian banks have generally maintained elevated capital buffers and have increased provisions for credit losses. Liquidity levels have remained high, and access to funding has continued to be strong. Recently, large and abrupt shifts in the direction of US trade policy have led to some bouts of extreme market volatility, including in the normally low-risk market for US Treasuries. This volatility tested the resilience of market participantsparticularly non-bank financial intermediaries deploying arbitrage strategies in the US Treasury market. The trade war currently threatens the Canadian economy and poses risks to financial stability. Near-term unpredictability of US trade and economic policy could cause further market volatility and a sharp repricing in assets, leading to strains on liquidity. In extreme circumstances, market volatility could turn into market dysfunction. In the medium to long term, a prolonged global trade war would have severe economic consequences. It would reduce economic growth and increase unemployment. Some households and businesses would be unable to continue making debt payments. If household and business credit defaults were to occur on a large scale, banks could see greater losses than they have provisioned for. This could lead them to pull back on lending, potentially exacerbating economic and financial stress. The Bank of Canada is watching developments closely and remains in regular contact with financial system participants and with other financial authorities in Canada and globally. A stable and resilient financial systemone that absorbs shocks and does not amplify themcan help the economy through periods of turbulence. https://www.bankofcanada.ca/2025/05/financial-stability-report-2025/

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