Morrison Mortgage Team

04/26/2026

09/25/2025

Reflective moment to share — The Morrison Mortgage Team has reached the Top 5% of producing mortgage brokers in our company!

This milestone wouldn’t be possible without my amazing team — & .mortgages — whose dedication and expertise make all the difference.

Equally important, I’m grateful to my family. Their encouragement and support allow me to serve clients at a high level without sacrificing family time. That balance means everything.

Here’s to continuing to grow, support our clients, and build together. 🙌

10/18/2024

I'm excited to announce that I've earned my Accredited Mortgage Professional of Canada 🇨🇦(AMPC) designation from the

The Program is offered by , covers the basics of real estate transactions in Canada, a detailed look at residential mortgage underwriting, an overview of commercial and specialised mortgage lending, and includes case studies on ethical practices in the industry.

If you're a mortgage broker and would like to find out more about the course, go to - https://lnkd.in/gUSqe-CC.

05/16/2024

Over the past couple of years the media has (surprisingly - lol) created anxiety for homeowners that have their mortgage coming up for renewal this year and years to follow.

Analysts estimate some C$331 billion in mortgages come up for renewal in 2024 and C$352 the following year.

Root Causes of Renewal Anxiety:

- Many mortgage holders will experience rate & payment shock
- On average mortgage holders payments will increase by 30% (i.e. payment shock)
- Managing day-to-day expenses

Renewal Anxiety Strategies:

- Decrease payment shock by increasing the mortgage amortization i.e find a comfortable balance so living expenses can be maintained so investments/savings do not need to be utilized
- Complete a 'Needs Analysis' with the Morrison Mortgage Team so mortgage holders have a clear understanding of how they can manage their ‘Liabilities’ and determine the best path moving forward
- Manage any high-interest unsecured debt that has been taken on during high inflationary/interest rate period of time

At the Morrison Mortgage Team, we understand how important the management of debt is for Canadians and want to make sure they know they have an advisor to help them through these challenging times.

02/28/2024

Looking forward to sharing and collaborating with fellow mortgage industry colleagues at the upcoming Trade Show & Conference. Hope to see you there!

02/12/2024

BC Brokers... Today I am attending the Mortgage Professionals Canada Board Meeting in Ottawa, Ontario.

On the GR side Property Transfer Tax and the charging of this tax after a First Time Buyer has completed on their purchase. I have found that two of my FTB clients that purchased in 2023 have been charged PTT based on the BC Assessed value vs the FMV (fair market value).

Could you please let me know if this has also happened to any of your clients so that I can relay this to our GR team...

Thanks! Russ - BC Regional Director

ONLINE DEFINITION FOR PUBLIC - FMV is the amount that would have been paid for the fee simple interest in the property if it had been sold in the open market by a willing seller to a willing purchaser.

LATEST DEFINITION BELOW - The Property Transfer Tax Act, section 18, provides the Ministry authority to determine FMV based on available evidence. Such evidence includes formal appraisals, sales of comparable properties, and the BC Assessment (BCA) roll value for the property.

11/08/2023

Thanks for sharing your opinions and feedback on the Commercial side of the Canadian mortgage industry. and I have taken note and will relay them to the Board of Directors.

Commercial Mortgage Industry:

- development initiatives to facilitate quicker permits and planning from city and municipalities

- rates are hurting the developers as pretty much all development mortgages are VRM’s

- very difficult to manage projects with high rate environment which is diminishing reserves/profits

- small business owners are really being impacted in today’s environment

11/03/2023

Thanks! for taking time out of your day to meet with and I. Your opinions and feedback on the mortgage industry and the topics that you feel should be addressed are duly noted.

Mortgage Industry:
- Increase insured purchase price from 1m to 1.25m
- MQR (mortgage qualifying rate), it has served its purpose... is it still needed?
- Property Transfer Tax limit in BC should increase to 750k purchase price
- Increase amortizations to 30+ years to help with affordability

Main challenges homeowners are facing in today’s times:
- Affordability
- Closing costs
- Qualifying
- Renewal risks

members and industry colleagues please share your thoughts as well…

11/02/2023

Is your mortgage coming up for renewal in 2024/2025?
You have a choice to either Panic or Plan!

Yes, your rate is going to be higher and you will experience payment shock, but with some planning, you will be able to make it all work.

- Some C$331 billion in mortgages come up for renewal in 2024 and C$352 the following year.
- Since March 2022 the Bank of Canada has increased the overnight rate 10 times resulting in a total increase of 4.75%. This overnight rate directly affects the prime rate (now 7.20%) .
- Along with higher rates comes the challenge of qualifying for a mortgage because the rate used to satisfy OSFI’s (Office of the Superintendent of Financial Institutions) stress test B20.