Nanaimo & Vancouver Island Mortgage Blog

  • January 24, 2024
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e

  • January 10, 2024
  • Posted by Sand Dollar Mortgage Corp

The Facts About Real Estate Fees

Understanding the various fees in the Canadian real estate market may seem complicated, but with a little knowledge, you can navigate the process easily. Whether you are buying your first home

  • December 19, 2023
  • Posted by Sand Dollar Mortgage Corp

Navigating High Interest Rates: Strategies for New Home Buyers Across Canada

Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership high interest rates. But fear not! This b

  • December 14, 2023
  • Posted by Sand Dollar Mortgage Corp

Navigating Your Mortgage: Practical Tips from the Experts

Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e

  • December 6, 2023
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The

  • December 3, 2023
  • Posted by Sand Dollar Mortgage Corp

Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape

In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin

  • November 23, 2023
  • Posted by Sand Dollar Mortgage Corp

Canada's New Updated Mortgage Charter

The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y

  • November 15, 2023
  • Posted by Sand Dollar Mortgage Corp

Understanding Fixed vs. Variable Rate Mortgages

If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i

  • November 2, 2023
  • Posted by Sand Dollar Mortgage Corp

6 things to know about capital gains and taxes for people across Canada

So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show

  • November 1, 2023
  • Posted by Sand Dollar Mortgage Corp

Tips for Improving Your Credit Score Before Applying for a Mortgage

Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is

Bookmark and Share