Sooke Mortgages

02/23/2022

With new apartment buildings being 80% bought before being completed in town. It's no wonder the home prices are at all-time highs while the supply is at all-time lows for Canada.

https://www.sookemortgages.ca/post/housing-shortage-pushes-prices-to-a-record-high-in-january

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Housing prices at all-time highs while the supply of new homes remains low. Are people looking forward to the spring surge of home sellers for home prices to cool off? With housing inventory still at historic lows, home prices surged to a fresh record high in January. The average selling price in Ja...

01/17/2022

With the uncertainty of employment over the last couple of years, are you curious if you can qualify for a mortgage while still on probation? See what many professionals had to say about it!

https://www.sookemortgages.ca/post/can-you-qualify-for-a-mortgage-while-on-probation-at-your-job

Last year, we noticed an increase in the number of mortgage applicants who are still on probation at their jobs. In the past, we tended to advise these clients to wait until their probation was completed, because lenders view them as a higher risk of not making their mortgage payments (if released d...

01/11/2022

Last year was tough, but for some local Sooke artisans and help from the Sooke Arts Council, they were able to have a successful year and have higher hopes for 2022!

https://www.sookemortgages.ca//post/sooke-arts-council-paints-a-pretty-picture-of-2022

Sooke Arts Council paints a pretty picture of 2022 After what’s being enthusiastically framed as a successful year, members of the Sooke Arts Council are painting a picture of even better days ahead in 2022, with a little help from the community. The gallery operated by the Sooke Arts Council sold...

01/10/2022

Talks of a possible new tax on homes valued 1m+ and even higher tax on 2M+

With average home prices in Canada up over 20% each year,
housing affordability is a key issue with the Provincial and Federal governments.

Read the full article here:
https://www.sookemortgages.ca/post/cmhc-backed-report-calls-for-annual-surtax-on-homes-valued-at-1m

Possible plans of a new annual tax on homes $1M+ A new report backed by Canada’s national housing agency is calling for a home equity tax on houses valued at $1 million and more. On Wednesday, advocacy group Generation Squeeze released a report entitled Housing Wealth and Generational Inequity, wh...

11/24/2021

A creditworthy borrower can now qualify for almost three times the mortgage they could 40 years ago!

Read more about this on the most recent blog post.

It’s easy to forget the power of leverage. With $100,000 of income, a creditworthy borrower can now qualify for almost three times the mortgage they did in the early 1980s. Decades of falling interest rates and expanding credit availability have made that possible, while acting as a giant lever fo...

11/12/2020

Just a friendly reminder to do your part and keep your bubble small!

The number of cumulative COVID-19 deaths per one million people in B.C. is 56

11/10/2020

FUNDED! We just closed another refinance for some long term clients taking advantage of current low rates.

Don't wait! Word on the street is they might not last.. If you have been thinking about that new kitchen, consolidating debt, or just having a little extra cash in your pocket, call us NOW and make it happen. This could be you!

11/10/2020

We are still growing but it is has slowed tremendously since the initial fall surges. As the second covid wave effects us, online spending has increased again and the entertainment and service sectors are feeling the pinch…..again. Remember as we head into the holiday season, please do what you can to support your communities. They need the love and support.

Canada’s Jobs Recovery Slowed in October With New Pandemic Restrictions. The October Labour Force Survey, released this morning by Stats Canada, showed an employment increase of 83,600–well below the 378,000 gain in September and average monthly gains of 395,000 over the past six months (see cha...

11/09/2020

Monday Mindset:

11/06/2020

Happy Friday everyone! The weather man is calling for fun sun ☀️from today through to Sunday, so we say bundle up, grab a coffee/tea, grab your dog and get outside and enjoy the sun!

Check out these top suggestions from AllTrails: 🍂 🌲

- Roche Cove Regional Park Loop (easy)
- Mount Manuel Quimper (moderate)
- East Sooke Coast Trail (hard)

What's your favourite place to walk in Sooke or the surrounding area?

11/05/2020

This grey rainy day wants to make you just curl up on the couch in a blanket and eat something delicious! Check out this chilli recipe for some rainy day Thursday comfort food!

With an assortment of sweet and hot peppers, this slow simmered beef and kidney bean chili is a hearty treat your family will love.