Mortgage Blog

Simpler, smarter BC mortgages for a brighter future

Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

December 6, 2023 | Posted by: DLC West Coast Mortgages

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 ...

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

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

December 3, 2023 | Posted by: DLC West Coast Mortgages

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 ...

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Canada's New Updated Mortgage Charter

Canada's New Updated Mortgage Charter

November 23, 2023 | Posted by: DLC West Coast Mortgages

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 ...

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Understanding Fixed vs. Variable Rate Mortgages

Understanding Fixed vs. Variable Rate Mortgages

November 15, 2023 | Posted by: DLC West Coast 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 ...

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

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

November 2, 2023 | Posted by: DLC West Coast Mortgages

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 ...

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Tips for Improving Your Credit Score Before Applying for a Mortgage

Tips for Improving Your Credit Score Before Applying for a Mortgage

November 1, 2023 | Posted by: DLC West Coast Mortgages

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 ...

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Bank Of Canada Rate Update October 25, 2023

Bank Of Canada Rate Update October 25, 2023

October 25, 2023 | Posted by: DLC West Coast Mortgages

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% ...

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Mortgage Strategies in a Rising Interest Rate Environment

Mortgage Strategies in a Rising Interest Rate Environment

October 24, 2023 | Posted by: DLC West Coast Mortgages

Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ...

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Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?

Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?

October 6, 2023 | Posted by: DLC West Coast Mortgages

Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021 ...

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Understanding and Utilizing Home Equity

Understanding and Utilizing Home Equity

October 1, 2023 | Posted by: DLC West Coast Mortgages

If you've consistently made mortgage payments over the years, you've been accumulating home equity. As this equity grows, homeowners can access it, converting it into cash for various purposes, from h ...

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