Doug Neufeld Mortgage Broker

04/11/2024

A little bit of good news today for First Time Home Buyers. Some strings attached, but every little bit helps make first homes more affordable.

04/09/2019

BREAKING EXCITING feature added to my custom mortgage app! Get a pre-qualification certificate on your phone. It's not as detailed as an official pre-approval, but it asks the questions you need to know to have an accurate estimate of what size mortgage you'd qualify for. Check it out! www.dlcapp.ca/app/doug-neufeld

09/06/2017

As expected, variable rate mortgages will get a .25% increase with today's Bank of Canada announcement. Let's hope they sit on the sidelines for a while to see how these last 2 increases affect the economy.
https://dominionlending.ca/news/bank-canada-takes-action/

The Bank of Canada raised the target overnight rate another 25 basis points to 1.0% making it two hikes in a row following seven years of increasing monetary stimulus. The outsized 4.5% growth in GDP in the second quarter precipitated this action, despite two offsetting factors: the recent surge in…

06/16/2017

Participating in the Royal LePage Wolstencroft golf tournament. Not a bad way to spend a Friday. Thanks for inviting us!

11/16/2016

Great bullet points on TD's recent "Prime Rate" increase. If you're in a TD variable rate mortgage, you need to read this.
https://dominionlending.ca/news/what-happened-with-prime/

Did Prime go up? No. Did my Variable rate mortgage rate change? No, not unless your variable rate mortgage is with TD. So the Bank of Canada did not raise rates? No, in fact they are more likely to lower rates than increase them. But TD raised rates? Yes, but only by 0.15% and only Read More

08/05/2016

Great insights from our DLC Chief Economist Dr. Sherry Cooper. It's not likely that Bank of Canada will raise interest rates any time soon.
https://dominionlending.ca/news/july-employment-great-u-s-terrible-canada/

Another woeful jobs report in Canada for the month of July triggers further pessimism. Following three consecutive months of stagnant employment, payrolls fell by a much-worse-than-expected 31,000 in July as the unemployment rate increased 0.1 percentage point to 6.9 percent. Gloomily, all of the lo...

07/25/2016

BC bring in 15% new tax on foreign buyers. On a $2 Million home, that's $300,000. https://t.co/7OCctbkIWp

The B.C. government has announced a series of changes designed to respond to a growing affordability crisis in the region’s housing market

01/13/2016

There's a change coming to 5% down payment programs on Feb 15th. If you're buying a home worth more than $500,000 here's the details on the new minimum down payment required.

12/14/2015

Relatively small changes to the minimum down payment amount required on purchase prices between $500,000 & $1Million.
A great video explaining the change.
https://www.youtube.com/watch?v=QrgW9hwUjo8&feature=youtu.be

The federal government introduces some changes to down payment requirements for federally regulated lenders. This video breaks down the "old" rules versus th...

11/20/2015

Our newest commercial with DLC client video. So awesome!
https://www.youtube.com/watch?v=knPvfQjmQvU&feature=youtu.be

When's the last time you had such a great costumer experience you wanted to sing about it? Winners of our contest won $5000 for their awesome test...