Skip to content
Home » Deal of the Month

Deal of the Month

Bank of Canada Announcement (September 2022)

Penticton Mortgage Rates Update – September 2022

Penticton Mortgage Rates Update - September 2022

After a quiet August, the Bank of Canada has started ‘back to school’ season with a highly anticipated press release regarding the prime rate. They made the announcement on Wednesday September 7, leaving potential home buyers with plenty to ponder. Are you among those who are considering getting a mortgage for what’s left of 2022? Will the latest update from the Bank of Canada impact your decision? Here’s what you need to know.

What Buyers Really Need to Know About the September 2022 Bank of Canada Policy Rate Hike

Read More »Bank of Canada Announcement (September 2022)

Can I Afford a Mortgage?

Can I Afford a Mortgage When Putting My Kid Through School?

Can I Afford a Mortgage

You’re a proud parent whose child is about to embark upon a post-secondary education. This could be happening this semester, or in a few short years from now. Whatever the case may be, you plan on paying for their college/university education so that they can get a head start on life without student loan debt. However, you also have another life-changing decision on the mind now that your career is headed in a favorable trajectory. You want to buy a home. Can you manage both, given the rising cost of tuition in Canada? When you connect to the right mortgage broker it’s absolutely feasible. Let’s review!

How a Mortgage Broker Will Help You Buy Your Very First Home While You’re Paying Your Child’s College/University Education

Read More »Can I Afford a Mortgage?

Mortgage for University Students

Mortgage for University Students

Mortgage for University Student

Between Okanagan College campuses (Vernon, Kelowna and Penticton), the UBC Kelowna campus, and number of other post-secondary programs in our neck the BC Southern Interior, the Okanagan Valley is known as a “college town” as much as it is a “resort community”. Not only are there tremendous Undergraduate, Masters, and PhD opportunities in the region, students choose to receive their education here because they plan to stay after getting their degree. Knowing this, savvy students want to get a head-start on post-education life by getting a mortgage while in school. Is a mortgage for a university student a good idea? Should college students add that to their plate on top of a full course load? It can absolutely be a great way to get ahead in life! However, like with anything, careful considerations must be made before getting pre-approved. Enroll in our Mortgage for University Student 101 class by reading below.

What College and University Students Need to Know Before Buying a Home While in School

Read More »Mortgage for University Students

Mortgage for Business Owners

Mortgage for Business Owners

Penticton is the focal point of British Columbia’s South Okanagan-Similkameen, with more than 3,000 local business owners and counting. That number grows exponentially when you factor in surrounding townships and cities. This is indeed an ideal place to set up shop, be it brick and mortar, digital, or some hybrid of the two. But is it also a match for your home ownership prospects? With the right mortgage (and broker) it can be. Before you begin your search, here’s what you need to know.

3 Things to Consider as a Business Owner Seeking a Home Loan in the BC Southern Interior

Read More »Mortgage for Business Owners

Can a Business Buy a House in BC?

Can a Business Buy a House in BC

Can You Buy a Home as a Business? Call 250.493.9111 to Find Out!

The Penticton Western News published an interesting public interest story this week. It was about an Okanagan business that purchased a home to help with employee recruitment. The logic was simple. They would be able to attract and sustain staff by being able to offer them affordable housing, when the current rental market does not. We suppose this news already answers your question – can a business buy a house in BC? Indeed they can. But as a business owner, you want to know a bit more than that, so let’s dive a little deeper.

What Business Owners Need to Know About Getting a Mortgage for Corporate-Owned Real Estate in BC

Read More »Can a Business Buy a House in BC?

Bank of Canada Announcement (July 2022)

Penticton Mortgage Rates Update – July 2022

Penticton Mortgage Rates Update - April 2022

In our early July Penticton real estate news update we let readers know that the Bank of Canada would make their latest announcement regarding the benchmark interest rate this week. They did so yesterday (July 13) and it was a relatively big one. But as usual, we’re here to filter mainstream media’s take on the matter so that prospective home buyers understand how the announcement may (or may not) impact their decision to get a mortgage this season. Let’s review.

What Buyers Really Need to Know About the July 2022 Bank of Canada Policy Rate Hike

Read More »Bank of Canada Announcement (July 2022)

Mortgage for First Responders

Mortgage for First Responders

Mortgage for First Responders Penticton BC

“First responder” is a professional designation that has been thrust to the forefront over the last couple of years. Although, admiration for those who have chosen this career path has been deserved since the beginning of time. That said, the financial reward has not always been there, especially for those with limited seniority. If you’re among this lot and are considering your very first mortgage you may feel trepidation about approaching lenders, or even getting pre-approved. Allow us to alleviate your uncertainty. Below is a breakdown of why securing a loan for your first home can be much easier than you think.

3 Things First Responders Want to Know About Getting a Mortgage in the BC Southern Interior

Read More »Mortgage for First Responders

What Type of Mortgage Should I Get?

What Type of Mortgage Should I Get?

After yet another Bank of Canada announcement regarding interest rates, and watching the cost of getting a mortgage tumble down into the valley of opportunity, you’ve made the wise decision to buy your very first home. You could not have picked a better time. This juncture of 2021 may go down as the one moment in history when buyers in BC truly had all of the power. That said, you’ve still got some questions, namely “What type of mortgage should I get?”. There are significant options and variables to consider. To help, our Okanagan mortgage brokerage has provided clarity below.

First Time Buyers’ Guide to Deciding Which Type of Mortgage to Get When Buying a Home in the BC Southern Interior

Read More »What Type of Mortgage Should I Get?

Climate Change and Mortgage Risk

Climate Change and Perceived Mortgage Risk

Thousands upon thousands of households across British Columbia and Canada have their eye upon the BC Southern Interior as a place to call home. Who doesn’t want to live here? It’s a four-season paradise. But there’s an elephant in the room that must be addressed. It’s called climate change, and the impact it may have on where people choose to buy a home. With a lot of media exposure placed on summertime forest fires in the Okanagan, some people are wondering if this neck of the interior is a place to establish roots. As the Penticton community’s go-to mortgage broker, we want you all to have a look at the big picture. Let’s review.

Why the BC Southern Interior Remains to be a Big Draw for Home Buyers Amidst Climate Change

Read More »Climate Change and Mortgage Risk

Best Place to Get a Mortgage in BC

Best Place to Get a Mortgage in BC

Best Place to Get a Mortgage in BC

It’s not the wine (but it helps)

You’re spreading your wings and looking to buy and/or invest in a home somewhere in beautiful British Columbia. With so many great cities and towns to choose from you’re at a bit of a crossroads. Should you hop over to the island? Stick with the Lower Mainland? Perhaps somewhere up north, or kiss the border along the neighboring province of Alberta? We’d like to suggest an alternative – the BC Southern Interior. And no, we’re not biased because we have our mortgage brokerage here in Penticton. In fact, the chicken is ahead of the egg, as we chose this neck of the woods because it’s the best place to get a mortgage in BC. Here’s why.

3 Reasons Why First-Time Buyers and Investors Are Flocking to The BC Southern Interior to Buy a Home

Read More »Best Place to Get a Mortgage in BC