New Mortgage Stress Test @ 4.79%

Stress Test Update. Effective August 2020, the benchmark rate or the stress test rate has been dropped to 4.79%. In May of this year, the benchmark rate used to qualify mortgage was 4.94%. Prior to the decrease in May, the Stress Test rate was 5.04% The drop in the...

Why are Mortgage Rates Rising?

Why are mortgage interest rates rising when the Bank of Canada continues to drop the Prime Lending Rate?   In January 2020 the Bank of Canada prime rate was 3.95%, since then we have seen multiple drops and the prime lending rate is now 2.45%. Normally, we would...

Thank You

Thank you for your continued support Prince George. We are honored that you chose us as best Mortgage Broker company for the second year in a row! ~ Michelle & Jamie

Mortgage Check-up

Most people sign up for their initial mortgage, pay their payment as required and forget about the details until renewal time. A mortgage is the biggest debt you’re most likely going to have and it should be something you review at least once a year just to make sure...

Breakdown on Fixed and Variable Rates

A common question mortgage brokers receive is what is the difference between fixed and variable rates? Deciding between the two options when getting your mortgage can be a hard decision.A fixed rate mortgage will guarantee you a locked in rate for whatever term you...