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My Rates

6 Months 3.99%
1 Year 5.44%
2 Years 4.24%
3 Years 4.14%
4 Years 4.44%
5 Years 4.05%
7 Years 5.19%
10 Years 5.29%
*Rates subject to change and OAC
Lawless Brown Mortgage Team Mortgage Professionals

Lawless Brown Mortgage Team

Mortgage Professionals


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4462 West Saanich Road, Victoria, British Columbia, V8Z 3E9

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Here to help you!

 

The mortgage process can be stressful and overwhelming; we've been there and that's why we are here for you!

We prefer to think of ourselves as "Mortgage Managers". Not only to ease you through the process step by step but also to educate you before, during and long after the mortgage completes so that you are always able to make those informed decisions. We recognize the stress that is associated with such a major investment and we strive to keep the process running smoothly from start to finish and eliminate any surprises along the way. We look forward to helping you manage your mortgage for as long as you have one!

 

As Mortgage Managers we deal with all clients - from the best credit and income, to slightly bruised credit or non-verifiable income. We will get to know you, your specific situation and work with you to accomplish your goals.

We have offices in both Victoria and Sidney and meet with clients at whichever location is most convenient.

 

The biggest investment of your life can also be a pleasant experience.

 

Krista & Sherri


BLOG / NEWS Updates

CMHC: Canada’s housing supply shortages: moving to a new framework

From CMHC Canada faces a housing affordability challenge. For many years, housing prices and rents in Vancouver and Toronto attracted attention from all over the world. Over time, these increases came to burden many Canadians and their children. Low-income and some middle-class households struggle to even find a place to live, let alone at a price they can afford. On a wider scale, the productivity of the Canadian economy suffers from unaffordable housing as the capacity to attract skilled workers is diminished and the young are deterred from staying in our largest cities partly because of the lack of attainable housing. And Canadas enormous level of household debt creates a vulnerability in the event of a global economic crisis. Preview of results We find that housing starts need to double over the next decade. Compared to a projected rate of about 250,000 new housing units annually until 2035, Canada needs to increase housing starts to around 430,000 to 480,000 units per year to restore affordability (depending on parameters). This can only be possible with: a significantly greater workforce more private-sector investment changes in technology and productivity such as more automation and modular construction The need to increase housing supply remains critical. https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/canadas-housing-supply-shortages-a-new-framework

Statistics Canada: Quarterly rent statistics, first quarter 2019 to first quarter 2025

In the first quarter of 2025, Vancouver was the census metropolitan area (CMA) with the highest average asking rent for a two-bedroom apartment, at $3,170, followed by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490). By comparison, Montral ranked 17th, with an average asking rent of $1,930. Smaller CMAs in Quebec recorded the lowest average asking rents, including Drummondville ($1,200) and Sherbrooke ($1,250). Because prospective renters typically face higher rents compared with long-term tenantswhose rents reflect past leases and can also be subject to rent control regulationsasking rents offer a picture of current market trends. Asking rents in Montral increased nearly 71% from 2019 to the first quarter of 2025 The CMAs of Drummondville and Sherbrooke, which had the lowest average asking rents in the first quarter of 2025 were those that saw the largest increase in average asking rents for two-bedroom apartments from the first quarter of 2019 to the first quarter of 2025. During this period, the average asking rent increased from $600 to $1,200 in Drummondville and from $660 to $1,250 in Sherbrooke. Montral also experienced a marked increase in average asking rent from 2019 to the first quarter of 2025. Starting at $1,130 in 2019, asking rent in this CMA grew by 70.8% to reach $1,930 in the first quarter of 2025. By contrast, the CMAs with the highest average asking rents experienced slower relative growth from 2019 to the first quarter of 2025. The Toronto CMA saw overall 5.1% growth in the asking rent of two-bedroom units, increasing from $2,560 in the first quarter of 2019 to $2,690 in the first quarter of 2025. Average asking rents in Toronto declined during the first year of the COVID-19 pandemic, followed by an increase to reach a peak of $2,920 in the second half of 2023. In the first quarter of 2025, average asking rents subsequently decreased by 5.6% year over year in Toronto. Vancouver followed a similar pattern as Toronto, although it experienced comparatively stronger growth. Average asking rent for two-bedroom apartments increased by 27.3% from the first quarter of 2019 to the first quarter of 2025 (from $2,490 to $3,170). In this CMA, average asking rents started increasing in early 2021 to reach a peak of $3,580 in the third quarter of 2023, then decreased by 7.8% from the first quarter of 2024 to the first quarter of 2025. https://www150.statcan.gc.ca/n1/daily-quotidien/250625/dq250625b-eng.htm

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