Real Estate Trends and Mortgage Rates wih Sumeet Mohan

11/06/2026

BC has a new government — here's what it means for housing.

On October 24, BC elected a Conservative majority — the province's first in nearly a century. Lorne Doerkson campaigned on cutting construction taxes and speeding up home approvals.

Caveat: today's rules still apply until legislation actually passes.

Governments don't set your rate — the Bank of Canada does. Prime is 4.70%, best 5-year fixed around 4.34%. The election changes the supply story, not the rate math.

Buying or renewing soon? A lender's 120-day rate hold is still free.

📩 DM me "RATE HOLD" and I'll line up your options.

Sumeet K Mohan | Mortgage Broker, VERICO Complete Mortgage Services, 250-328-5107

10/30/2026

🏡 Update: prime is now 4.70%, up from 4.45%, effective October 29, following Wednesday's Bank of Canada hike to 2.50%.

In real numbers: on a $400,000 variable mortgage with 20 years left, that's about $51 more a month. On a $100,000 HELOC balance, about $250 a year more in interest. Fixed-rate mortgages don't change mid-term — this hits at renewal.

If you're buying or renewing soon, a lender's 120-day rate hold is still free.

📩 DM me "RATE HOLD" and I'll line up your options.

Sumeet K Mohan | Mortgage Broker, VERICO Complete Mortgage Services, 250-328-5107

10/28/2026

🏡 It's official: the Bank of Canada raised its policy rate to 2.50% today — up from 2.25%. It's the Bank's first increase since July 2023.

Why: September inflation came in at 3.1%, and the Bank now expects it to rise to about 3.5% by year-end. It also warned further hikes may be needed.

What it means for you: lenders typically lift prime after a hike, so variable-rate and HELOC costs go up, and fixed rates can follow bond yields. If you're buying or renewing, a lender's 120-day rate hold is still free — and it protects you if rates climb further.

📩 DM me "RATE HOLD" and I'll line up your options.

Sumeet K Mohan | Mortgage Broker, VERICO Complete Mortgage Services, 250-328-5107

10/27/2026

🏡 Plot twist: a week ago traders put only ~25–30% odds on a Bank of Canada hike. Now markets price ~80–85% odds of a HIKE next Wednesday (Oct 28) — 2.25% to 2.50% — after inflation hit 3.1% and business inflation expectations jumped.

What it means for you: variable rates move with the Bank; fixed rates follow bond yields. Either way, a lender's 120-day rate hold is still free, and it protects you if Wednesday's decision pushes rates up.

📩 DM me "RATE HOLD" and I'll line up your options before the news lands.

Sumeet K Mohan | Mortgage Broker
VERICO Complete Mortgage Services
📞 250-328-5107

10/25/2026

🏡 5 questions your bank hopes you won't ask

1. Is this your best rate, or just your first offer?
2. What could a mortgage broker get me from 30+ lenders?
3. What's the penalty if I need to break this term early?
4. Is my renewal rate actually negotiable?
5. Are there lenders you simply can't show me?

Your bank can only sell its own products. As a broker, I shop the whole market for you, and in most cases the lender pays me, not you.

Ask the questions before you sign. Message me and I'll run your numbers, no obligation.

— Sumeet K Mohan, Mortgage Broker
VERICO Complete Mortgage Services
📞 250-328-5107 · ✉️ [email protected]

10/20/2026

🏡 Why use a mortgage broker instead of going straight to your bank?

A bank can only sell you its own mortgage: one rate, one set of terms. As a mortgage broker, I work for you. I shop your application across dozens of lenders (banks, credit unions, and lenders you can't access directly), so they compete for your business. One application, more choice, and in most cases it costs you nothing extra because the lender pays me.

It also helps if your situation isn't cookie-cutter: self-employed income, new to Canada, or a renewal coming up where your bank is counting on you to just sign.

Buying, renewing, or refinancing soon? Message me and I'll compare your bank's offer against the whole market. No obligation.

— Sumeet K Mohan, Mortgage Broker
VERICO Complete Mortgage Services
📞 250-328-5107 · ✉️ [email protected]

10/16/2026

Markets change, rates change. The only thing that is consistant? 🏡✨ YOUR DREAM HOME STARTS WITH THE RIGHT MORTGAGE! 🔑

Whether you're buying your first home, upgrading, or refinancing, let's find a mortgage that fits YOUR life! 🏠❤️

📩 Let’s make home happen!

07/19/2026

Upcoming Mortgage Renewal? This article is very informative:

Many Canadian mortgage holders renew without asking any questions—often receiving a mortgage product that may not suit their current needs.

07/12/2026

Time for your mortgage renewal? Majority of borrowers renew their mortgage rate at the banks posted rate. Knowledge is knowing what your mortgage lender's competitors are offering. Connect with me today and let's calculate your savings.

SumeetMohan.com

06/22/2026

Connect with me today for home buyers pre-qualification, and figure out how much of home is in your affordability.

🏠💼 The wealth gap between homeowners and renters is widening. 📊 Data from Stats Canada reveals:

👉 The median net worth of a family that owns their home, has no pension, and whose primary earner is age 55–64 is $914,000. 💰

❗ However, if that same family rents a home, their median net worth drops by 98%, to just $12,000. 💸