General Trish Pigott 6 Oct
2027–2031 Canadian Mortgage Outlook Based on the Bank of Canada’s latest position, current Canadian bond yields, and the recent change in economists’ forecasts, I would not be telling clients that materially lower mortgage rates are coming in 2027. The environment has changed. Rates are likely entering a “higher-for-longer, but not crisis-level” period, with variable rates […]
Read MoreLatest News Trish Pigott 2 Sep
Bank of Canada Holds Policy Rate Steady Again, As Expected ~ Dr. Sherry Cooper Here is the article written by DLC Economist Dr. Sherry Cooper about this mornings announcement. Today, the Bank of Canada once again held the policy rate at 2.25%, the level it has held since October 2025. This is the bottom of […]
Read MoreGeneral Trish Pigott 1 Sep
Buying a Vacation Home With Family in BC Key things to discuss before you buy Decide exactly who is buying the property Who will be registered on title? Who will be borrowers on the mortgage? How much is each person contributing to the down payment? Will everyone own an equal percentage? If one person contributes […]
Read MoreHome Tips Trish Pigott 31 Aug
PURCHASE PLUS IMPROVEMENTS Buy the home. Make it yours. Finance the improvements. Found the right home… but it needs a little work? A Purchase Plus Improvements Mortgage may allow you to include the cost of eligible renovations in your mortgage when purchasing your new home. Instead of passing on a property because the kitchen is […]
Read MoreMortgage Tips Trish Pigott 26 Jun
Her is a little insight to minimum down payment requirements and the two types of mortgages that are available for home buyers. High ratio mortgages are when you have less than 20% of the purchase price for down payment available. Your mortgage is required to be insured by one of Canada’s three Mortgage insurers. CMHC, […]
Read MoreLatest News Trish Pigott 10 Jun
Today the Bank of Canada announced no changes to the overnight target rate. This is directly affecting the prime rate which all banks use to determine variable rate mortgages. Given the instability of our economy due to the events with the US and Iran war, the Bank of Canada is remaining cautious resulting in no […]
Read MoreGeneral Trish Pigott 25 May
Leasehold Properties in BC – Pros & Cons Explained A leasehold property means you own the home or unit, but you do not own the land underneath it. Instead, you lease the land from the landowner for a set period of time (example: 30, 50, 75, or 99 years). Leasehold properties are commonly found on: […]
Read MoreMortgage Tips Trish Pigott 7 May
For Existing Homeowners and Future Homeowners What Is a Credit Score? Your credit score is like a “financial report card.” It helps banks and lenders decide: * If they will lend you money * What interest rate you qualify for * How much you can borrow In Canada, credit scores usually range from: **300–559** = […]
Read MoreLatest News Trish Pigott 29 Apr
Bank of Canada Holds Policy Rate Steady ~ From the desk of Dr. Sherry Cooper, Economist Dominion Lending Centres Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With […]
Read MoreMortgage Tips Trish Pigott 4 Feb
Mortgage rates are not created equal and either are buyers and homeowners. There’s a lot that goes into the difference between mortgage rates and what you are eligible for. Banks and rate sites offer the rock bottom rates like loss leaders to just get you to contact them. Once they determine your situation they will […]
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