Mortgages by Parm

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Mortgages by Parm

Mortgage Broker- Dominion Lending Centres-Valley Financial Specialists

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Mortgage Broker - Dominion Lending Centres-Valley Financial Specialists

06/29/2026

🚨 Mortgage rate update!

Oil prices have dropped back to around $70/barrel, which is great news for inflation—and that could be good news for fixed mortgage rates.

If inflation continues to cool and bond yields fall, lenders may have room to lower fixed rates in the coming weeks or months.

Nothing is guaranteed, but this is a trend worth watching if you’re buying, renewing, or refinancing.

📩 Have questions about where rates are headed? Send me a DM.

06/15/2026

A possible peace deal could have a bigger impact on your mortgage than you think.

If the deal holds, it could help reduce global uncertainty, ease inflation pressures, and improve investor confidence. That may create the conditions for lower mortgage rates in the months ahead.

For homebuyers, lower rates can mean:

✅ Lower monthly payments
✅ More purchasing power
✅ Easier qualification with lenders
✅ More options in the market

Nothing is guaranteed, but it’s a story worth watching closely.

If mortgage rates dropped by 0.50% tomorrow, would it change your plans to buy, sell, or refinance?

05/08/2026

Canada’s latest jobs report is another sign the economy may be slowing faster than expected. 😳

Unemployment climbed to 6.9%, full-time employment declined again, and hiring momentum continues weakening across several industries.

This puts the Bank of Canada in a difficult position. 🤔

On one side, inflation risks still exist because of rising oil prices and global uncertainty. On the other side, a weakening labour market and soft housing activity make future rate hikes harder to justify.

If economic data continues slowing over the next few months, conversations around future rate cuts could grow stronger again. 📉

Nothing is guaranteed, and markets can shift quickly, but weaker employment data generally reduces the likelihood of aggressive Bank of Canada hikes moving forward.

For real estate, this is why many investors and experienced buyers are paying close attention right now while others remain fearful on the sidelines.

The market usually changes before public sentiment does.

04/29/2026

Everyone was waiting for lower rates…

Well, rates came down. 🙌

So why doesn’t housing suddenly feel easy again?

Because this market is not moving the way most people expected. 👎

Yes — the Bank of Canada held at 2.25%.

Yes — borrowing costs are better than last year.

But lower Bank of Canada rates alone do NOT automatically create cheaper monthly payments or a booming housing market.

Why?

Because fixed mortgage rates are heavily influenced by bond yields, inflation concerns, and global uncertainty — not just one Bank of Canada announcement.

This is exactly why many buyers sitting on the sidelines waiting for the “perfect moment” may be misunderstanding what’s actually happening. 🤔

Here’s what we’re seeing right now:

✔ softer prices than 2024
✔ lower financing costs than last year
✔ less competition than a hot spring market
✔ more negotiating room for serious buyers

And historically…

the best opportunities usually show up when confidence is low — not when everyone feels comfortable again.

The buyers who understand the market before the headlines catch up are often the ones who benefit the most. ✅

Are you still waiting for rates to drop more before buying?

Comment RATE if you want to know what today’s announcement means for your buying power 👇

04/20/2026

Canada’s latest inflation report came in at 2.4% — higher than last month, but importantly below expectations. That’s the part markets care about.

Bond yields (which drive fixed mortgage rates) don’t react to good or bad — they react to surprises. And today’s surprise leaned positive.

Yes, energy prices are heating up (gas up 21.2% 😳), and core inflation ticked up to 2.5% — not ideal. But overall, this wasn’t the “uh oh” report many feared given global tensions.

What this means for fixed rates:
• Short-term relief
• Slight downward pressure
• Not a full reversal
• Still data dependent

The reality? Fixed rates could hold or drift slightly lower near-term, but they’re not in a free fall. Rising core inflation and global oil risks (hello Middle East) are still very much in play.

Bottom line:
Better than expected = good for rates
But we’re not out of the woods.

If you’re watching rates closely, this is a step in the right direction — just not the finish line.

04/14/2026

Rates have easily doubled compared to 5 years ago and that payment shock is real. 😳

Here’s one simple move to ease the pressure:

👉 Consider extending your amortization

Even increasing it by just 5 years could lower your monthly payment by $200–$500.

It’s not about paying forever — it’s about giving yourself breathing room right now. 🙌

Comment "RENEWAL” if you want to see what this could look like for you! 💬

03/31/2026

🐰 Easter Colouring Contest! 🐣

We’re hosting a fun Easter giveaway for the kids! 🎨

Download the colouring page, let your little artists get creative, and send us their masterpiece for a chance to win 🎉

🏆 1 of 3 $25 gift cards to a retailer of your choice!

📩 Email: [email protected]
📱 Text/WhatsApp: 778-898-9242
⏰ Deadline: April 6

We can’t wait to see all the amazing artwork—happy colouring! 🐣✨

03/20/2026

FASTER than ever – literally every hour we see increases!

For now, fixed rates under 4% are gone... 🏃‍♂️💨

Whether you’re buying soon or renewing, waiting could cost you thousands.

📩 Don’t wait – let’s discuss your options now before rates climb even higher.

03/10/2026

In just 10 days, the market shifted fast.

Oil moved from about $67 to over $100 a barrel.
Canada’s 5-year bond yield moved from 2.67% to above 3%.

Why does that matter?

Fixed mortgage rates are priced off bond yields, and we’re now seeing fixed rates move up across the board.

War, oil prices, inflation expectations, and bond markets are all connected. When energy prices rise quickly, it can push inflation higher, and bond markets react fast.

That reaction is what lenders use when pricing fixed mortgage rates.

The big question now is what happens next and what the Bank of Canada says on March 18.

The past 10 days are a good reminder that markets can change quickly.

02/18/2026

This one means a lot! 💯

Top 5% in the nation — out of 8,500+ brokers in a network that funds more mortgages than any bank, credit union, or trust company in the country.

And within our office, I finished #2, while our brokerage ranks 28th out of 200+ nationwide.

But this award doesn’t belong to me. It belongs to:

• The referral partners who continuously trust me to deliver — because great client experiences are always a team effort.

• The homeowner who went from paying $3,000/month in rent to owning — with a lower mortgage payment.

• The first in their family to ever own a home.

• The self-employed client who kept hearing “no”… until we found the yes.

• The newcomer who built their credit from scratch and bought their first home.

• The family who thought it was years away — and got their keys months later.

Because in a market like this, the difference isn’t luck — it’s who you have in your corner. 👊

Real estate isn’t just numbers. It’s stability. It’s legacy. It’s freedom.

Grateful for every client who trusts me with one of the biggest decisions of their life. 🏡 🙌

Address

302-19978 72 Avenue
Langley, BC
V2Y1R7

Website

http://www.parmrattan.ca/

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