My Rates

6 Months 3.30%
1 Year 3.59%
2 Years 3.32%
3 Years 2.84%
4 Years 3.24%
5 Years 2.89%
7 Years 3.44%
10 Years 3.49%
6 Months Open 6.70%
1 Year Open 3.95%
*Rates subject to change and OAC
Dean Garrett Mortgage Professional

Dean Garrett

Mortgage Professional

211C 750 Comox Rd, Courtenay, British Columbia









Welcome to my website!

I am proud to have served clients for more than 9 years now. Many of my clients were not sure if they needed to use my services as a Mortgage Professional, but once they experienced how this helped them with their Home Buying/Re-Financing project, they are happy they did. Mortgages are deceptively simple and endlessly complicated. You can only choose when you have a choice and have been fully informed. Many great Bank Specialists are providing service to their clients, but they can only offer their Banks solutions. As an independent professional, I work for you by informing you on all things mortgage, including who will be your Best Lender. My services are FREE (with OAC) to my clients. The lenders compensate my business to provide them a qualified Client.
I look forward to assisting YOU.

BLOG / NEWS Updates

Building permits up in Western Canada, down east of Manitoba

Four provinces reported increases in March, led by British Columbia with an increase of 12.8% (+$180 million). Meanwhile, all provinces east of Manitoba reported declines. The largest decrease was in Ontario, down 1.4% (-$43 million) due to lower construction intentions in the residential sector. Quebec drives movement in non-residential permits. The national value of permits for non-residential buildings rose 7.9% in March, due to higher construction intentions for both institutional (+$175 million) and commercial (+$166 million) buildings. Gains in both of these components stemmed from Quebec. A high value permit for an addition to the Centre hospitalier de lUniversit de Montral drove the increase in the institutional component. In the industrial component, the value of permits declined 15.6% in March (-$102 million). The decrease was largely the result of lower construction intentions in Quebec, where multiple high-value permits were issued in February.

Residential Market Commentary - Bank of Canada pulls up a seat on the sidelines

Apr 29, 2019 Be the expert First National Financial LP As expected the Bank of Canada has, once again, moved to the sidelines when it comes to interest rate policy. This time, though, the bankers appear to have unfolded their lawn chairs, taken a seat and put their feet up; settling-in for an extended period of inactivity. The central banks benchmark policy rate was left unchanged at 1.75% during last weeks setting. More significantly, the Bank made a small change in wording to its Monetary Policy Report that sends a big message. It eliminated references to the need for future interest rate hikes, signalling it has shifted to a wait-and-see status. Many market watchers do not expect any rate increases (or decreases) until early 2020. So what would it take for the Bank of Canada to get back in the game? It would have been something drastic, like a sudden jump in inflation or a rapid drop in employment. Right now, though, the Bank finds itself somewhat boxed-in. Inflation is showing some signs of increasing, but not enough to justify interest rate intervention. Canadian household debt is climbing back into record territory and higher rates would only compound that problem. The BoC has to pay attention to what the U.S. Federal Reserve is doing, and right now there is little political appetite for rate increases in the United States. As well, the election cycle is heating up in both the U.S. and Canada and central banks are loath to make any moves that could be seen as giving advantage to any side in an election campaign.


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