Hallett Mortgage - Mortgage Broker

Hallett Mortgage - Mortgage Broker As a BC boy born and bred, I can proudly say I’ve lived my entire life in BC. It was there that my entrepreneurial spirit had started to take shape.

I’m a 13-year veteran mortgage broker, addicted mountain biker for over 26 years, passionate big mountain skier for even longer, rookie dirt biker, outdoor enthusiast for over 45 years and lover of craft beer. Growing up on the north end of Vancouver Island in a small logging town (Holberg), it helped cement my love for the outdoors. From there we moved to the Coquitlam area when I was 10 years ol

d where my dad opened a business with my uncle. After graduating high school, I moved to Victoria for 1 year where I enrolled in an Outdoor Eco-tourism Program. From there my then girlfriend and I, now my wife Kirstin, moved to Whistler to pursue a lifestyle of playing and working outside. Over the next couple of years, I self-started two small businesses in the tourism industry including a guided mountain bike adventure company. It was around this time in Whistler that Kirstin and I bought our first home and I started to become interested in the mortgage financing space. Our son Aidan was born in 2007 and a year later we decided to move back to Coquitlam to pursue different careers. After purchasing our second home in 2008, I knew that I wanted to make a career out of being a Mortgage Broker, so I did. I have been assisting clients achieve their goals of real estate ownership since August 2009. Currently I am ranked in the top 5% of brokers at Dominion Lending across Canada. In 2021 I received the DIAMOND award for my mortgage practice. When we are not working or Aidan’s not in school you can usually find us being active somehow; hiking, mountain biking, skiing, camping, boating, playing hockey, golfing, traveling or on the road headed out on our next adventure. We love being busy and we would not have it any other way!

04/29/2026

The Bank of Canada (BoC) DID NOT change its key interest rate. It remains at 2.25%, reinforcing a “wait-and-see” stance as inflation trends and economic data evolve. The message to markets and borrowers is clear, barring major shocks, future rate adjustments are expected to be modest. From a mortgage and lending perspective, this signals short-term stability in borrowing costs, giving clients and lenders a more predictable rate environment. However, the Bank highlighted material risks that could shift this trajectory, including U.S. trade tensions, geopolitical instability in the Middle East, and volatility in oil prices. Inflation is projected to rise approximately 3% in the near term before returning to 2% target in early 2027.

For mortgage strategy, the key take away is conditional stability. If oil prices remain elevated and inflation broadens, upward rate pressure could re-emerge potentially leading to rate hikes later in 2026. Conversely, weaker growth driven by tariffs or global slowdown could justify cuts. In today’s environment, borrowers should prioritize flexibility and risk management, as the rate path remains highly data depended despite the current pause.

What this means for borrowers:
Adjustable-rate mortgages (ARMs) and Lines of Credit (LOCs): Nothing! ARM payments remain unchanged from the previous month. With respect to LOCs, the minimum monthly interest-only payments remain the same. This applies to lenders such as Scotiabank and First National.

Variable-rate mortgages (VRMs): Nothing! The dollar amount exiting your bank account remains unchanged and so does the amortization (the life of the mortgage). This applies to TD clients.

Fixed-rate mortgages: Nothing! The interest rate/payment is locked in for the duration of the term; it cannot be changed.

Next 3 Bank of Canada Rate Announcements:
June 10, 2026
July 15, 2026
September 2, 2026

The Bank of Canada (BoC) DID NOT change its key interest rate. It remains at 2.25% choosing to prioritize slowing econom...
03/19/2026

The Bank of Canada (BoC) DID NOT change its key interest rate. It remains at 2.25% choosing to prioritize slowing economic growth over near-term inflation risks tied to Middle East conflict. The lenders PRIME lending rate remains unchanged at 4.45%. The Governor of the BoC, Tiff Macklem, noted inflation is close to the 2% target, with economic slack helping contain broader price pressures. While rising oil prices may temporarily increase inflation, the Bank views the overall impact as uncertain. Ongoing job losses, weaker data, and trade tensions point to downside risks for growth. Policymakers signaled a flexible stance, indicating they are prepared to increase interest rates if inflation persists or economic conditions deteriorate further. For a comprehensive summary.

What this means for borrowers:
Adjustable-rate mortgages (ARMs) and Lines of Credit (LOCs): Nothing! ARM payments remain unchanged from the previous month. With respect to LOCs, the minimum monthly interest-only payments remain the same. This applies to lenders such as Scotiabank and First National.

Variable-rate mortgages (VRMs): Nothing! The dollar amount exiting your bank account remains unchanged and so does the amortization (the life of the mortgage). This applies to TD clients.

Fixed-rate mortgages: Nothing! The interest rate/payment is locked in for the duration of the term; it cannot be changed.

Next 3 Bank of Canada Rate Announcements:
April 29, 2026
June 10, 2026
July 15, 2026

Wondering how the BoC interest rate affects your mortgage? Now’s the time review your mortgage. Give me a call/send me a text 604-616-2266, send me an email [email protected] or schedule a call.

For those of you looking for additional mortgage content while drinking your morning coffee, head over to my articles page. I usually post 5 to 6 new articles per month.
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Quad-Father of Mortgage Brokering!
02/07/2026

Quad-Father of Mortgage Brokering!

01/28/2026

The Bank of Canada (BoC) DID NOT change its key interest rate, it remains at 2.25%. The lenders PRIME lending rate remains unchanged at 4.45%. The Governor of the BoC, Tiff Macklem, has emphasized the uncertainty about how long the pause will last or whether the next move will be a cut or hike. U.S. trade policy and tariffs remain the biggest risks. Inflation is near the 2% target, while economic growth is modest and uneven. The bank expects households and businesses to adjust gradually and says it is ready to respond if conditions change.

What this means for borrowers:
Adjustable-rate mortgages (ARMs) and Lines of Credit (LOCs): Nothing! ARM payments remain unchanged from the previous month. With respect to LOCs, the interest only payments remain the same. This applies to lenders such as Scotiabank and First National.

Variable-rate mortgages (VRMs): Nothing! The dollar amount exiting your bank account remain unchanged and so does the amortization (the life of the mortgage). This applies to TD.

Fixed-rate mortgages: Nothing! The interest rate/payment is locked in for the duration of the term.

Next few Bank of Canada Rate Announcements:
March 18, 2026
April 29, 2026
June 10, 2026
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FinanceBasics VariableRate HomeBuyers MortgageTips CanadaFinance

12/06/2025

BC Housing Market: Stabilizing & Poised for a Comeback

After a tough few years, BC’s housing market is leveling out. Prices have mostly flattened, supply is rising, and the Bank of Canada’s rate drop to 2.25% is giving affordability a lift.

Key Trends
• Sales dipped 1.1% in 2025, but are forecast to rebound 8.8% in 2026
• Average price down slightly to $972K, projected to top $1M in 2026
• Listings set to exceed 40,000+ — the highest in 10+ years
• Population growth continues to fuel long-term demand

Outlook
• 2025: Flat and cooling
• 2026: Gradual recovery
• 2027: Stabilization & measured growth

What It Means
• Buyers: 2026 offers a more balanced, affordable entry point
• Homeowners: Renewals/refinancing become more attractive
• Investors: Returns will depend on hyper-local supply + rental demand

Bottom Line: BC is shifting from slowdown to slow-and-steady recovery, with lower rates, more supply, and sustained demand shaping a healthier market.
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12/06/2025

Market Shift: Rate Hike in 2026?

Canada’s job market came in hot — unemployment unexpectedly dropped, boosting confidence the economy is rebounding. Markets now expect the Bank of Canada’s next move to be a rate hike by late 2026, instead of more cuts.

📈 Stronger jobs → Bonds sold off & yields jumped
🏦 Economists say the BoC’s cutting cycle is likely done
🗳 Canadians are split:
44% think rates stay at 2.25%
31% expect more cuts
9% expect a hike

Next rate announcement: Dec 10 (hold expected)
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11/26/2025

The Bank of Canada (BoC) meets approximately every 45 days to review and announce the key lending rate, also known as the policy interest rate. This rate directly influences borrowing costs for Canadians, including mortgages, lines of credit, and personal loans. By adjusting the rate, the BoC manages inflation, economic growth, and overall financial stability.

When inflation is rising too quickly, the BoC may increase the rate to cool spending. When the economy slows, it may lower the rate to encourage borrowing and investment. These decisions are based on a careful review of economic indicators such as employment, GDP growth, consumer spending, and global financial conditions.

In short, the Bank of Canada plays a central role in maintaining price stability and supporting sustainable economic growth, while also guiding Canadians’ access to credit.
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MortgageRates InflationControl EconomicGrowth FinancialStability BoCPolicy CanadianFinance HomeLoansCanada BorrowingCosts MoneyMattersCanada

11/26/2025

For every $25,000 of gross annual income, borrowers can finance approximately $160,000 mortgage. This is with no monthly reoccurring debt, 20% down payment and a Canadian credit score of 680 or greater.

11/26/2025

📈 Housing Market Rebound Coming in 2026

🏡 Sales expected to rise 3.4% as more Canadians plan to buy
✔️ 1 in 10 are preparing to purchase
✔️ Half are first-time buyers

📉 Prices projected to drop 3.7%
📊 Inventory is up across the country creating more balanced conditions and better opportunities.

💬 “Canadians are staying resilient and motivated,” says Re/Max.

✨ 2026 could be the year buyers jump back in.
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CanadianRealEstate HousingRebound2026 FirstTimeBuyersCanada PropertyMarketCanada CanadianHomes MortgageRatesCanada HomeSalesCanada BalancedMarket RealEstateTrends CanadianEconomy MarketUpdateCanada PropertyInvestingCanada SmartHomeBuying HousingOpportunities HomeOwnershipCanada CanadianInvestors RealEstateCanada FutureHomeowners HousingOutlook2026 MortgageInsights CanadaPropertyMarket RealEstateGrowth

11/26/2025

Want to borrow stacks of 100s at the best rates and terms? Be sure your credit score is 680 or greater. How is credit scores determined?

35% repayment history.
30% credit utilization.
15% length of credit history.
10% new credit inquiries.
10% types of credit in use.
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CreditSavvy FinanceTips CreditHealth ScoreHighBorrowSmart ResponsibleCreditUse CreditEducation MaximizeYourCredit BorrowWithConfidence CreditStrategy CreditGoals MoneyMoves FinancialFreedom CreditTips ScoreBoost SmartFinance DebtSmart CreditHacks BuildCreditFast CreditConfidence FinanceSmart BorrowBetter

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Coquitlam, BC
V3B1J6

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