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My Rates

6 Months 6.59%
1 Year 6.04%
2 Years 5.74%
3 Years 5.34%
4 Years 5.24%
5 Years 5.04%
7 Years 5.84%
10 Years 6.00%
6 Months Open 9.25%
1 Year Open 7.00%
*Rates subject to change and OAC
AGENT LICENSE ID
502741
Navraj Brar Mortgage Advisor

Navraj Brar

Mortgage Advisor


Phone:
Address:
#215 - 5455 152 Street, Surrey, British Columbia

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Nice to meet you!

 

Hi! I’m Navraj Brar and it is my goal to ensure that your next mortgage is a smooth, comfortable process. Finding a mortgage shouldn’t be stressful, which is why I am passionate about connecting with you to find the best possible solution.


You may be interested to know about my 7+ years of experience in commercial and residential mortgages. Or you may want to speak to an actual human instead of reading a website, in which case you are welcome to call me directly! However you prefer to walk through this process, I will help every step of the way to ensure you feel at ease.
 

VERICO mortgage advisors are Canada’s Trusted Experts who will be with you through the life of your mortgage. We save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal.

 

 

I'm Equifax certified

I'm certified through the Equifax Credit Professional Program.

BLOG / NEWS Updates

The housing market has stabilized in October

Summary On a seasonally adjusted basis, home sales increased 1.3% from September to October, the first monthly gains in eight months. Despite this growth in sales, this should not be seen as the beginning of an upward trend, but more like a stabilization of the market, with sales now 35.6% below their February level. This is the first time in four months that new listings are up with an increase of 2.2% from September to October. Despite the increase in soles, the increase in new listings allowed supply to accumulate, resulting in the number of months of inventory increasing from 3.7 to 3.8 in October. We are not yet seeing a large influx of sellers at this time, so supply is still very low on a historical basis and market conditions are still pointing in the direction of a favourable to sellers market. This situation is also present in the majority of Canadian provinces, while only B.C. and Manitoba close to indicating a favourable to buyers market. Housing starts declined by 31.8K in October to 267.1K (seasonally adjusted and annualized) after having reached their highest level for 2022 in the prior month while the consensus was calling for a decline to 275K. Storts continued to be well above their long-term average, despite still increasing interest rates. The Teranet-National Bank Composite National House Price Index decreased by 0.8% in October compared to the previous month and after seasonal adjustments. Nine of the 11 markets in the composite index were down during the month: Halifax (-4.7%), Hamilton (-2.8%), Winnipeg (-2.4%), Victoria (-2.0%), Quebec City (-1.7%), Toronto (-1.1%), Ottawo-Gotineau (-1.1%), Montreal (-1.0%) and Vancouver (-0.3%). Conversely, the Calgary (+1.8%) and Edmonton (+2.0%) markets were still up. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-resale-market.pdf

Canadian home sales edge up from September to October

Statistics released by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. HIGHLIGHTS National home sales were up 1.3% on a month-over-month basis in October. Actual (not seasonally adjusted) monthly activity came in 36% below October 2021. The number of newly listed properties edged up 2.2% month-over-month. The MLS Home Price Index (HPI) declined by 1.2% month-over-month and was down 0.8% year-over-year. The actual (not seasonally adjusted) national average sale price posted a 9.9% year-over-year decline in October. https://stats.crea.ca/en-CA/

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