Invis - Resvick & Associates Mortgage Advisors

10/28/2026

The Bank of Canada has increased its benchmark overnight policy rate by 25 basis points to 2.50%, with the Bank Rate now at 2.75%. This marks the first rate hike since July 2023.

What does this mean for Canadian households, homeowners, and businesses?

1. Higher borrowing costs
As lenders adjust their rates, borrowing costs can rise on prime-linked loans, lines of credit, and variable-rate mortgages—adding pressure to already stretched budgets.

2. Variable-rate mortgages and lines of credit:
The impact depends on your mortgage structure. Borrowers with adjustable payments may see their payments increase, while those with fixed-payment variable mortgages may see more of each payment go toward interest rather than principal.

3. More pressure on housing:
Higher financing costs can make it harder for buyers to qualify, reduce purchasing power, and increase the cost of financing new construction—creating further challenges in markets such as British Columbia and Ontario.

4. Higher costs for businesses:
Businesses carrying floating-rate debt may face higher interest expenses, leaving less room to invest, hire, or absorb other rising operating costs.

5. Less room in household budgets:
When more income goes toward servicing debt, less remains for everyday purchases and discretionary spending. That pressure can ripple through local businesses and the broader economy.

For working Canadians already balancing mortgage payments, groceries, and other rising expenses, another rate increase is difficult news to absorb. While the Bank of Canada’s mandate is to keep inflation under control, the immediate strain on household budgets deserves recognition.

Behind every rate announcement are real people: families approaching renewal, first-time buyers trying to get ahead, and business owners working to keep their doors open.

Our focus is on helping you find **clarity** in what this change means for your mortgage—and reviewing your options with your budget and long-term goals in mind.

The next Bank of Canada interest rate announcement is scheduled for December 9, 2026.

07/01/2026

07/01/2026

Happy Canada Day! 🍁 Our team at Resvick & Associates Mortgage Advisors wishes you and your family a safe and wonderful day of celebrating all that is awesome about Canada.

We are especially thankful for the freedom we have enjoyed to start, build, and grow our business right here in Langley 23 years ago.

Thank you to all of you who trust us with one of life's biggest financial decisions — we're proud to call Canada home.

North of the 49th° but never the 51st!

01/01/2026

Wishing our amazing clients, industry friends, and all the communities we serve throughout British Columbia a safe, joyful, and blessed 2026 and beyond—thank you for your continued trust, support, and partnership.

May the year ahead be filled with good health, prosperity, and opportunities to grow personally, professionally, and to create the home, community, world, and life you envision! What ever it is you envision, dare to think bigger!

Be safe!

12/22/2025

🎄 With Gratitude, From All of Us at Invis – Resvick & Associates Mortgage Advisors 🎄

As 2025 comes to a close, we want to extend our heartfelt thanks to our incredible clients, appraisers, lawyers & notaries and their conveyancing teams, builders & renovation specialists, and to the many mortgage lenders, underwriters, fulfillment specialists, insurers, title insurers, and the many unsung behind-the-scenes heroes we’re privileged to work alongside.

A special thank-you as well to our in-house support teams at Invis Head Office—your expertise and dedication make everything possible.

This year brought complexity, change, and challenge—but also growth, collaboration, and countless success stories. None of it happens without trust. Your loyalty, professionalism, and partnership are the foundation of what we do.
Because of you, we’re proud to head into our 23rd year of serving families and businesses across the Fraser Valley, Metro Vancouver, and throughout British Columbia.

From our family to yours—Merry Christmas, Happy Holidays, and warm wishes for a healthy, prosperous 2026. 🎁✨

10/29/2025

📉 The BoC has once again lowered its Overnight Rate by 0.25% to 2.25%

Some “Interest-ing” Rate Facts...

🔺 From March 2022 to July 2023, the BoC raised rates 10 times to fight inflation.

🔻 From June 2024 to October 2025, BoC has cut rates 9 times including this morning’s announcement.

⚠️ This is the BoC's 4th rate cut in 2025 and according to a number of top Canadian economists, this is 'possibly' the last for 2025, with ongoing economic reviews and adjustments to continue in 2026 as needed.

💬 What this means for you:
✅Canada’s major banks and lenders to follow by reducing Prime Rate from 4.70% ➡️ 4.45%.
✅ Variable-rate mortgage holders and HELOC clients will soon be paying lower borrowing costs.
✅ Every 0.25% cut saves about $250/year for every $100K borrowed.

📊 Why the BoC is easing:
With economic growth slowing, unemployment hovering above 7%, and inflation at 2.4%, and an ongoing trade war, the Bank is cautiously cutting rates to moderate the downturn.

💡 Fixed Rate Mortgages are not directly correlated to the Overnight Rate, rather bond yields — Fixed rates are also trickling downward, with Lenders now offering rates for 3-YR @ 3.84%, and 5-YR @ 3.94% for 'Insured and Insurable' Purchases and Transfers.

As always, rates are subject to change, O.A.C., and terms & conditions apply. While we don't makes these rules, we do know them inside & out, which how we get our clients approved quickly and stress-free. 😉

🏡 Whether you’re renewing, buying, or simply wanting to review your option, we will help you navigate this evolving rate environment with confidence.

📞 Connect with us today to find out how we can assist you with your own personalized mortgage strategy to take advantage of these lower rates.

🔹 Invis – Resvick & Associates Mortgage Advisors
🔹 Your Trusted Mortgage Advisors



*chart(s) courtesy of Bank of Canada

08/30/2025

🎉 Happy BC Labour Day Long Weekend! ☀️🍁

As we step into the last long weekend of summer, we want to take a moment to wish our amazing clients, industry partners, and friends a safe, relaxing, and well-deserved break. 🏖️🌲🛶

Whether you're enjoying time at the lake, exploring the great outdoors, or simply recharging at home in the backyard with friends and family — may this weekend bring you peace, sunshine, and smiles.

🧡 Thank you for being a part of our journey. We’re grateful for your continued trust and partnership.

Stay safe & enjoy the long weekend!

NB: No AI Bots we're hurt in the making of our graphics... It did save Troy from getting a ton of splinters though! 😉
—
Your Trusted Mortgage Advisors
🏠 www.MortgageAdvisors.ca
📍Proudly serving BC since 2003
📩 [email protected]

07/30/2025

The Bank of Canada has maintained its benchmark interest rate at 2.75% for the third consecutive meeting, citing domestic resilience to U.S. trade disruptions. Governor Tiff Macklem noted that while inflation remains near the 2% target and job growth is robust, uncertainty surrounding U.S. trade policy clouds the economic outlook. The bank outlined three possible scenarios dependent on tariff developments and indicated a rate cut could be possible if economic conditions weaken and inflation remains in check. The next scheduled interest rate announcement will be on Wednesday, September 17, 2025.

07/01/2025

On this Canada Day, let us celebrate the spirit, strength, and unity of our beautiful country. To all who call this great country home, and to the brave men and women who serve to protect our rights and freedoms—Thank you!

Let us each do our part to make this a Canada Day filled with peace, pride, and gratitude for all that makes Canada truly special!

Wishing everyone a safe and enjoyable Canada Day celebration. 🇨🇦

06/08/2025

📣 Big News from the Canadian Mortgage Brokers Association British Columbia, CMBA - BC

We’re incredibly proud to share that our Founder & President, Troy Resvick, has been named the recipient of the 2025 Pioneer Award for Lifetime Achievement by the Canadian Mortgage Brokers Association of British Columbia.

This prestigious honour recognizes Troy’s unwavering commitment, leadership, and contributions to the mortgage industry over the past 30+ years. From mentoring brokers to advocating for industry standards and delivering outstanding service to clients, Troy’s passion has left a lasting impact across B.C.’s mortgage landscape.

On behalf of our entire team at Invis – Resvick & Associates Mortgage Advisors, we extend a heartfelt thank you to all of our clients, partners, and team members—past and present—who’ve been part of this incredible journey.

Please join us in celebrating this well-deserved recognition! 👏

🌟 Member spotlight: Troy Resvick

Langley-based senior mortgage advisor Troy Resvick has a deep understanding of his clients’ financial goals, shaped by an extensive background in banking and lending. For more than two decades, he has served as a trusted leader for both clients and industry colleagues. In recognition of his outstanding contributions, Troy was honoured at this year’s Conference & Trade Show with the prestigious Pioneer Award for Lifetime Achievement.

Read our conversation with Troy on our website: https://shorturl.at/gc6me