Nanaimo & Vancouver Island Mortgage Blog

  • January 25, 2023
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 4%, with the Bank Rate at 4% and the deposit rate at 4%. The Bank is also continuing its policy of quantitative tightening.

  • December 28, 2022
  • Posted by Sand Dollar Mortgage Corp

Should You Spend the Full Mortgage Amount You're Approved For?

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not

  • December 8, 2022
  • Posted by Sand Dollar Mortgage Corp

The Pros and Cons of Fixed vs. Variable Mortgages

When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c

  • December 7, 2022
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 4%, with the Bank Rate at 4% and the deposit rate at 4%. The Bank is also continuing its policy of quantitative tightening.

  • November 30, 2022
  • Posted by Sand Dollar Mortgage Corp

10 Things to Know About the Offer Process

10 Things to Know About the Offer Process Before making an offer on your dream house, here are the ten things you need to know about buying real estate to ensure your offer is solid. Buying real e

  • November 21, 2022
  • Posted by Sand Dollar Mortgage Corp

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you

  • November 9, 2022
  • Posted by Sand Dollar Mortgage Corp

10 Important Questions to Ask Your Contractor

10 Important Questions to Ask Your Contractor Are you thinking about hiring a contractor before selling real estate? Here are ten important questions you should ask the contractor before signing a co

  • October 26, 2022
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada Rate Update October 26, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a

  • October 19, 2022
  • Posted by Sand Dollar Mortgage Corp

Best Ways to Plan for Your Down Payment

Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time.

  • October 12, 2022
  • Posted by Sand Dollar Mortgage Corp

Common Mistakes That House Flippers Make & How to Avoid Them

Mistakes That Can Make House Flipping a Flop Common Mistakes That House Flippers Make & How to Avoid Them Making it in the world of house flipping means making sound and prudent decisions. Read on t

Bookmark and Share