Mortgage News

The Northwest Mortgage Blog

Your home is your greatest asset. Learn how to best leverage it and get ahead.

From straight up mortgage advice from the best mortgage brokers in BC to the latest information on property values and economic activity in BC’s Northwest. 

Here at the Northwest Mortgage Blog from Dominion Lending Centres Northwest, out of Terrace BC, we aim to inform, educate and inspire. We cover mortgages, mortgage refinancing, home purchases, the best mortgage products and the lowest mortgage rates.

Buying a home, applying for a mortgage or refinancing your existing property can be a complex process. We make it easier by giving you all the information you need. You’ll get this information when you speak to one of our experts for mortgage advice. Or, when you read more here at our blog or mortgage FAQs

Mortgage advice and information from Dominion Lending Centres Northwest, mortgage experts, mortgage advisors and outright mortgage fanatics!  

 

Lowest Mortgage Interest Rates in Canada for Over a Decade

Lowest Mortgage Interest Rates in Canada for Over a Decade

What this could mean for you - the homeowner or homebuyer Canada’s prime rate of interest is currently 2.45%. This is the lowest rate we’ve seen since the impact of the global financial crisis of 2008. As a result we're seeing some of the lowest mortgage interest...

read more
Canadian Mortgage Rates May Remain Low Until 2023

Canadian Mortgage Rates May Remain Low Until 2023

The Bank of Canada has confirmed it may keep interest rates at their current lows. This means Canadian mortgage rates will likely also remain low until at least 2023. In its January Monetary Policy Report (MPR) the BoC said it expects to keep overnight interest rates...

read more
New Home Purchases Rise Despite Listings Shortage

New Home Purchases Rise Despite Listings Shortage

Even with the Covid-19 pandemic, 2020 was a record year for new home purchases in Canada. However, the number of new properties coming onto the market is the lowest for three decades. In the Northwest, the number of MLS listings in Terrace and Prince Rupert in...

read more
The Pros and Cons of a Mortgage Refinance

The Pros and Cons of a Mortgage Refinance

With mortgage interest rates at their lowest in a decade you might be thinking about a mortgage refinance and asking yourself two very prudent questions: Can I refinance my property? Should I refinance my property?  Firstly, you probably can refinance and get a...

read more
BC Assessment Property Values in Terrace Trend Upwards

BC Assessment Property Values in Terrace Trend Upwards

The latest property value data from BC Assessment was released on January 4th. Homeowners have already started to receive their 2021 assessment notices. As per the new statistics, property values in Terrace rose between one per cent and 14 per cent. Across BC property...

read more
Northern BC Home Sales Hit New Highs

Northern BC Home Sales Hit New Highs

The latest housing market figures indicate that northern BC home sales are at their highest since 2006. Across Canada the number of home sales hit new records as buyers take advantage of historically low mortgage interest rates.  In BC there were 9,416 home sales...

read more

Ready To Get Approved?

Our competitive and creative mortgage solutions help hundreds of families each year. Have a Mortgage Broker take a look at your mortgage needs for some solid advice and quick cost saving direction.

info@brokeradvice.ca
4648 Lakelse Avenue
Terrace BC  V8G 1R2
Office: 1-250-638-3302

Visit our Terrace Office Here