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Mid Island Mortgage & Savings Ltd Nanaimo

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Nanaimo, BC
Mid Island Mortgage & Savings Ltd Nanaimo

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For over thirty-five years, we have been helping you with all of your mortgage needs. Speak with our

Senior Mortgage Consultant: Kevin Decker
Mortgage Consultant: Jason Barudin
Office Administrator: Denise Li

11/02/2026

Can you believe it’s already November?! 🍂🎄

We’re officially in that season of Christmas anticipation, cozy weekends and, of course, plenty of holiday markets popping up all over the Island!

We’ve rounded up some of our favourite events happening around Nanaimo this month.

Swipe through to see what’s coming up, and save this post so you have a few ideas for your November calendar!

What are you looking forward to checking out? 👀

10/28/2026

📈 The Bank of Canada has raised its benchmark interest rate by 0.25%, bringing it to 2.5%.

🏡 With higher borrowing costs potentially adding pressure to Canada’s housing market, what could this mean for buyers and homeowners?

Next announcement is December 9th.

10/26/2026

Reading client testimonials never seems to get old around here. 💙

Every review represents a person, a story, and a team we’re grateful to be part of.

Thank you for trusting us with such an important part of your journey. We truly appreciate it! 🏡

10/22/2026

Getting ready to apply for a mortgage? Here’s a little head start. 🏡

Depending on your situation, your lender may ask for things like:

• Recent pay stubs and employment details
• T4s or Notices of Assessment
• Bank statements and proof of your down payment
• Information about any existing debts
• Government-issued ID

Every application is a little different, so you may not need everything on this list. Your mortgage broker can help you understand what’s needed and get your documents organized before they go to the lender.

Thinking about buying soon? Getting prepared early can make the process feel a whole lot less overwhelming. 💙

10/20/2026

Make it make sense. 🫠

Okay, but why does this happen?

Rent and mortgage payments are assessed differently. When you apply for a mortgage, lenders look at your income, existing debts, credit history, down payment and other housing costs. They are trying to ensure you can pay something for the next 25 years whereas a landlord is concerned with this month’s rent.

But here’s where working with a mortgage broker can make a difference.

A bank can only offer you its own mortgage products, while a broker can explore options from multiple lenders to find a mortgage that fits your circumstances.

So if you’ve been renting for years and are wondering whether buying could be within reach, don’t just assume you won’t qualify.

Let’s look at your options! 🏡

10/15/2026

The people buying homes this spring? A lot of them started preparing last fall. 🏡🍂

Following the market, having a conversation with a mortgage broker, getting pre-approved and building your savings might not feel like huge steps, but they all help you feel more prepared when it’s time to buy.

It’s not about having everything figured out months in advance. It’s about paying attention, asking questions and giving yourself time to get ready.

If buying a home next spring is on your mind, this is a great time to start. Reach out and let’s see where you’re at! 💙

10/12/2026

Happy Thanksgiving from the team at Mid Island Mortgage! 🧡🍂

We’re so grateful for this incredible island we get to call home, along with our amazing clients, friends, and family who make what we do so special.

Wishing everyone a Thanksgiving filled with good food, great company, and lots to be thankful for!

10/08/2026

Maybe we’re biased, but fall on the Island really can’t be matched. 🍂

And of course, October brings plenty of reasons to get out and enjoy it! We rounded up some fun things happening around Nanaimo this month, from family-friendly fall activities to spooky Halloween events.

Swipe through to see what’s happening around town this October, and save this post for when you’re looking for something to do!

What are you checking out?

10/06/2026

We’re thrilled to be in the top three again! 💙🏆

Year after year, you continue to show up for our team and vote us into the top spots, and we genuinely can’t thank you enough.

This year, you voted us 3rd Place in both Best of the City AND CommunityVotes Nanaimo!

It means so much to know that our community continues to trust us, recommend us, and support what we do.

Thank you for every vote and for cheering us on year after year. We’ll see you again next year! 😉

10/02/2026

The Bank of Canada held its overnight rate at 2.25%, so why are we still seeing mortgage rates move? 😅

It comes down to the fact that fixed and variable mortgage rates don’t respond to the Bank of Canada’s decisions in exactly the same way.

We break down the difference between the Bank of Canada’s rate, prime, variable mortgages, bond yields and fixed mortgage rates in our latest blog to help you make sense of it all (and actually understand what you’re reading) 🤝.

Read the full breakdown at the link in our bio. 🏡

Address

#12/327 Prideaux Street
Nanaimo, BC
V9R2N4

Opening Hours

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

Website

http://www.midislandmortgage.com/

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