Nanaimo & Vancouver Island Mortgage Blog
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July 15-2026 - Bank of Canada maintains the policy rate at 2.25%
July 15, 2026 | Posted by: Sand Dollar Mortgages
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada's economy is showing signs of improvement. Gro ...
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2026 First-Time Buyer Mortgage Rules, What Lower Payments Could Really Mean
July 7, 2026 | Posted by: Sand Dollar Mortgages
Buying a first home in Canada is still a major financial decision. Higher home prices, mortgage qualification rules, down payment requirements, closing costs, and day-to-day affordability all matter. ...
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Renewing Soon? Why Sticky Inflation Could Affect Your Mortgage Strategy This Summer
June 22, 2026 | Posted by: Sand Dollar Mortgages
If your mortgage is coming up for renewal this year, you may be watching interest rate news more closely than usual. That makes sense. A renewal is not just paperwork from your lender, it is a cha ...
read moreJune 10, 2026 - Bank of Canada maintains the policy rate at 2.25%
June 10, 2026 | Posted by: Sand Dollar Mortgages
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in its fourth ...
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Victoria vs Nanaimo Home Buying in 2026: How to Choose the Right Mortgage Strategy on Vancouver Island
June 8, 2026 | Posted by: Sand Dollar Mortgages
Buying a home on Vancouver Island can feel exciting, personal and a little overwhelming. A buyer looking in Victoria may be comparing condos, townhomes, higher prices, walkable neighbourhoods and tigh ...
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First-Time Buyer GST/HST Rebate, What It Means for New Home Affordability in Canada
June 4, 2026 | Posted by: Sand Dollar Mortgages
Buying a first home in Canada has not been easy. Between higher home prices, changing mortgage rates, stricter qualification standards, and the rising cost of everyday life, many first-time buyers hav ...
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Buying a Home in 2026? Why More Housing Starts May Not Mean More Choices
May 28, 2026 | Posted by: Sand Dollar Mortgages
Buying a Home in 2026? Why More Housing Starts May Not Mean More Choices More homes being built in Canada should be encouraging news for homebuyers. More supply can support a healthier housing mark ...
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Mortgage Renewal in 2026: Fixed or Variable?
May 11, 2026 | Posted by: Sand Dollar Mortgages
If your mortgage is coming up for renewal in 2026, you are probably asking one very practical question: should I choose a fixed rate or a variable rate? It is a fair question. After several yea ...
read moreApril 29 - 2026 - Bank of Canada maintains policy rate at 2.25%
April 29, 2026 | Posted by: Sand Dollar Mortgages
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The evolving conflict in the Middle East is causing heightened vol ...
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5 Most Important Issues That Can Delay a Mortgage Closing in Canada
April 15, 2026 | Posted by: Sand Dollar Mortgages
Many Canadian homebuyers feel a sense of relief once they hear the words, "you are approved." That relief makes sense, but it can also create a false impression that the mortgage process is complete ...
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