Gill Mortgage Team

10/29/2026

Not true. Many buyers purchase with less than 20% down using an insured mortgage. Let's look at what works for you. teamgill.ca
https://www.teamgill.ca/

10/28/2026

10/28/2026

Life rarely follows the plan, and your mortgage should be able to keep up.

A new baby. A separation. A blended family. A career move across the country. Caring for an aging parent. Losing a loved one. Big life moments often bring big financial questions, usually when you have the least energy to sort through them.

That's where we come in.

✅ We review your current mortgage and what your options really are
✅ We explore solutions like refinancing, spousal buyouts, porting, or restructuring your payments
✅ We help you build a plan that fits the life you're living now

You don't have to figure it out alone. We're here for the milestones, the curveballs, and everything in between.

📲 Going through a change? Let's talk. Know someone who is? Share this with them.

10/28/2026

🏦 The Bank of Canada raised its overnight rate by 0.25% today, bringing it to 2.5%. This is the latest move in the Bank’s ongoing effort to bring inflation under control, which has been running around 3% since April and is expected to climb to about 3.5% by year end.

High energy prices, rising business costs, and a stronger-than-expected Canadian economy all pushed them to act. 📈 If you have a variable-rate mortgage or HELOC, your rate is going up. If you’re on a fixed rate, you’re protected until renewal — but now is still a good time to understand where you stand.

The next rate decision is December 9, 2026, and further increases haven’t been ruled out. 💬 Our team is here to help you navigate this — reach out and we’ll walk you through exactly what this means for your situation.
https://www.teamgill.ca/bank-of-canada-raises-rate-to-2-5-october-28-2026

10/26/2026

Still paying rent on your business space? It might be time to own it.

For many business owners, buying the building they operate from is one of the smartest long-term moves they can make. Instead of paying a landlord, your monthly payment builds equity in an asset you control.

Owner-occupied commercial financing can help you:

✅ Keep your occupancy costs more predictable
✅ Build equity alongside your business
✅ Earn income by leasing out extra space
✅ Renovate and customize on your terms

Clinics, retail shops, trades, restaurants, offices, and light industrial spaces all qualify. Commercial financing works differently from residential, with its own lenders, down payment requirements, and approval criteria. That's why having an experienced agent/broker in your corner matters.

📩 Ready to stop renting and start owning? Let's talk about your commercial goals.

10/21/2026

❌ Myth: You need a spouse or partner to buy a home.
✅ Reality: There's more than one way to become a homeowner.

More Canadians are teaming up with the people they trust to get into the market:

✅ Friends buying together and splitting the costs
✅ Siblings co-owning a home or investment property
✅ Parents and adult children buying a multigenerational home
✅ Solo buyers using a rental suite to help them qualify

When you buy together, lenders can combine everyone's income, which can increase what you qualify for. Just remember: everyone on the mortgage is responsible for the full amount. A written co-ownership agreement that covers who pays what, and what happens if someone wants out, is a must.

📩 Buying with someone, or on your own? Let's map out your options.

10/21/2026

📘 For most Canadians, buying a home isn't possible without a mortgage. It's the details that make the difference.

THE BASICS: A mortgage is a loan secured against your property. You repay it over an amortization period (often 25 years), split into shorter terms of 6 months to 10 years. Each term has its own rate and rules.

QUESTIONS TO ASK BEFORE YOU CHOOSE:
✔️ How long will you stay in the property?
✔️ Do you need flexibility to move?
✔️ What are the penalties for breaking the mortgage early, and how are they calculated?
✔️ Can you make extra payments?
✔️ How is the mortgage registered on title?
✔️ Which type fits best: fixed, variable, HELOC or reverse mortgage?
✔️ How much is your down payment?

THE BOTTOM LINE: The goal isn't just the lowest rate. It's the lowest overall cost of borrowing.

Learn more at teamgill.ca or send us a DM.
https://www.teamgill.ca/

10/20/2026

A "no" from your bank isn't the end of the conversation. Often, it's the start of a better one.

Banks follow strict lending guidelines, and plenty of great borrowers don't fit neatly inside them. You might be:

✅ Self-employed or earning commission, contract, or gig income
✅ Rebuilding your credit after a tough stretch
✅ Navigating a separation or divorce
✅ New to your job or new to Canada
✅ Financing a unique property

As licensed mortgage agents/brokers, we work with banks, credit unions, alternative lenders, and private lenders. That means more ways to find a solution that works today, and a plan to move you toward better rates down the road.

📩 Heard "no" recently? Let's find out what's possible.

10/15/2026

New to Canada and dreaming of a place to call your own? You may not have to wait years to build a Canadian credit score first.

Many lenders offer New to Canada mortgage programs designed specifically for newcomers. Instead of relying only on Canadian credit, they may consider:

✅ Credit reports from your home country
✅ A history of on-time rent and utility payments
✅ Your employment in Canada and your work history before you arrived
✅ Your down payment and where it came from

Each program has its own requirements, including residency status and time in Canada, so the right lender makes all the difference. A licensed mortgage agent/broker knows which lenders offer newcomer programs and how to present your application with confidence.

📲 Know someone who's new to Canada? Share this with them. Their first Canadian home might be closer than they think.

10/15/2026

Sheila joined the mortgage business in 2006 and brings 17 years of experience serving the public. She thrives on finding the right solution for each client. Learn more at teamgill.ca.
https://www.teamgill.ca/