Drake Financial Ltd.

Drake Financial Ltd. Intelligent Investments | Manageable Mortgages With over 30 Years Experience to serve you better.

A few years ago, a lot of people asked the same question: fixed or variable?In 2021, variable rates were incredibly low....
06/19/2026

A few years ago, a lot of people asked the same question: fixed or variable?

In 2021, variable rates were incredibly low. It made sense for a lot of families to go that route, payments were manageable, rates were at historic lows, and the savings were real.

Then 2022 arrived and everything shifted. The Bank of Canada raised rates 10 times in just over a year. For variable rate borrowers, that meant watching their payments climb, sometimes significantly, in a very short period of time.

It was stressful. For a lot of households it was genuinely difficult.

But here's what I think is important to remember: choosing variable in 2021 wasn't a bad decision. It was a reasonable decision based on the information available at the time. Nobody had a crystal ball.

And by 2024, the Bank of Canada started cutting rates again, which means variable borrowers who held on are now starting to see some relief.

The real takeaway from all of this isn't that one option is always better than the other. It's that the right mortgage is the one that fits your life, your income, your risk tolerance, your plans.

If you're coming up for renewal or thinking about buying, this is exactly the kind of conversation worth having with a professional before you decide.

Feel free to share this with someone who's been going back and forth on the decision. And if you have questions, drop them in the comments, happy to help where we can.

For educational purposes only. Mortgage rates and terms vary by lender and individual circumstances. Past rate trends do not guarantee future results. Always consult a qualified mortgage professional before making any financing decisions.

I remember sitting at my kitchen table trying to figure out if owning a home was even realistic.I kept hearing "you need...
06/12/2026

I remember sitting at my kitchen table trying to figure out if owning a home was even realistic.

I kept hearing "you need 20% down", and honestly, that number alone made me feel like homeownership was years and years away. Maybe forever.

But here's what I wish someone had told me sooner:

In Canada, the minimum down payment isn't always 20%.

On a $500,000 home, you could qualify with as little as $25,000 down. That's roughly $500 a week for one year.

It doesn't mean it's easy. Saving is hard, especially right now. But it does mean the goalpost might be closer than you think.

Whether you're just starting to save, trying to understand the rules, or wondering if now is even the right time, this post breaks it all down simply, without the jargon.

Drop a ❤️ if this is something you needed to hear. And if you have questions about what your situation looks like, send us a message, we're happy to help you think it through.

For educational purposes only. Minimum down payment requirements are based on current Canadian federal guidelines for owner-occupied residential properties. Individual mortgage eligibility and requirements vary. Always consult a qualified mortgage professional before making any financial decisions.

06/06/2026

Most people think private mortgages are a last resort. The reality? They're a strategic tool used by all kinds of borrowers, and more common than you'd think.

Here are 4 situations where a private mortgage makes sense:

🏠 Home Purchases — When your timing or qualifications don't line up with what a bank requires, a private lender can bridge that gap and get the deal done.

💼 Self-Employed Borrowers — Banks look at T4s. If your income comes through a business, private lenders look at the full picture instead.

🌉 Bridge Financing — Bought before you sold? A short-term private loan lets you access your existing equity so you can close on the new property without waiting.

🏗️ Construction & Renovations — Traditional lenders fund finished homes. Private lending works with your project at every stage of the build.

Different situations call for different solutions. If you're wondering whether a private mortgage could work for your situation, send us a message, we're happy to walk you through your options.



For informational purposes only. Not financial, mortgage, or legal advice.

06/06/2026

Private Lending Made Easy 💰⁠ Here's our most recent deal highlight:

Burnaby BC - Condo
2nd mortgage on partial interest
$160,000
65% LTV
9.95% rate

Learn more about what Drake Financial can offer: drakefinancial.com/brokers

When most people think about real estate investing, they think about buying property.But there’s another side of real es...
05/29/2026

When most people think about real estate investing, they think about buying property.

But there’s another side of real estate many Canadians are unfamiliar with: mortgage investing.

Two common approaches are MIC investing and direct mortgage investing.

While both provide exposure to real estate lending, the structure behind them is very different.

MIC investing typically provides:
• Diversification across multiple mortgages
• Professional management
• More passive exposure
• Lower deal-specific risk

Direct mortgage investing typically involves:
• Lending directly to borrowers
• Greater involvement in individual deals
• Concentration risk
• Potentially higher returns

The right approach depends on the investor’s goals, experience, risk tolerance, and desired level of involvement.

Understanding how an investment works is just as important as understanding potential returns.

As financial education continues to evolve, more Canadians are beginning to explore investment opportunities beyond traditional stocks and property ownership.

If you’d like to learn whether mortgage investing could have a place in your portfolio, reach out for a complimentary portfolio review.

This content is for educational purposes only and should not be considered financial or investment advice.

Most people don't talk about the years that test you as an investor.The year your $10,000 becomes $7,695. The year a glo...
05/22/2026

Most people don't talk about the years that test you as an investor.

The year your $10,000 becomes $7,695. The year a global pandemic hits and markets go sideways.

The year you're watching the news wondering if you should just pull everything out.

That emotional weight is real, and it's exactly why we've spent years finding investments that let our clients sleep at night.

Since 2006, the Pioneer West MIC has delivered positive returns every single year.
Not because markets were always kind. Because the structure of the investment was built to hold steady when they weren't.

$10,000 in 2006 grew to $42,147. No white-knuckle years. No stomach-drop moments.

If that kind of consistency matters to you, let's have a conversation.

👇📩 DM us anytime

Past performance does not guarantee future results. For illustrative purposes only.

🍁 Wishing everyone a wonderful Victoria Day long weekend! 🍁Please note that our office will be closed on Monday, May 18 ...
05/15/2026

🍁 Wishing everyone a wonderful Victoria Day long weekend! 🍁

Please note that our office will be closed on Monday, May 18 in observance of Victoria Day.

We will reopen on Tuesday, May 19 with our regular business hours.

We hope you enjoy the long weekend with family and friends, see you Tuesday! 🌟

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2190 McCallum Road
Abbotsford, BC
V2S1S2

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm

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