Clayton Inglis Mortgage

Clayton Inglis Mortgage Committed to easing your concerns and addressing all of your mortgage needs.

Armed with a large network of lenders and institutions, including big banks, monoline lenders, credit unions and private lenders.

Why are we still seeing an increase in house and condo prices, despite the rise in interest rates? 1. Across Canada, but...
03/16/2023

Why are we still seeing an increase in house and condo prices, despite the rise in interest rates?

1. Across Canada, but especially here in BC and the lower mainland, there just simply isn’t enough supply. This is part of the reason you don’t see very many affordable rentals. It all trickles down.
2. Similarly, we have an influx of people coming into Canada, increasing the demand for housing. With the lack of supply and the high demand for housing, it becomes a first come first serve.
3. Vancouver in particular has limited desirable space, and it has consistently been ranked one of the most desirable places to live in the world. Knowing this, investors will take advantage of this when possible.

If you think that waiting longer to see if interest rates will come down, or prices are to move more, I would strongly reconsider.

Buying a home is one of the most significant investments you'll make in your life. Whether you're a first-time buyer or ...
03/13/2023

Buying a home is one of the most significant investments you'll make in your life. Whether you're a first-time buyer or a seasoned homeowner, there are always opportunities to save money and build equity. One strategy that some homebuyers use is to purchase a home outside of their area for a lower price, building equity over a few years, and then selling that home to purchase a nicer property in their desired location. Here's how you can go about this process.

1. Research Your Desired Location
First
Research the location where you want to eventually buy your dream home. This will give you an idea of the type of home you want to buy and the price range you'll need to consider. Look at real estate listings, home values, and local amenities to get a better sense of the area.

2. Identify Areas with Lower Home Prices
Next
Look for areas outside of your desired location that have lower home prices. This could be a neighboring town, city, or even a different province. You want to find an area that is still within a reasonable distance to your desired location but offers a lower cost of living.

3. Work with Mortgage Specialist and Real Estate Agent
It's important to work with professionals who have experience in the areas you're considering. They can help you find properties that fit your budget and criteria, and negotiate on your behalf to ensure you get the best possible price.

4. Purchase a Home with Good Equity and Rent Potential
When looking at homes, consider the potential for equity growth and rent. Look for properties in up-and-coming areas or those that may see appreciation in the near future. This will help you build equity over time, which you can then use to purchase your dream home.

5. Sell and Purchase Your Dream Home
Typically in the GVRD, you’ll see an average of a 7% equity increase each year. You can sell the home and use the proceeds to purchase your dream home in your desired location.

Buying a home outside of your area for a lower price can be a smart financial move if you're willing to put in the effort to build equity. By following these steps, you can eventually purchase your dream home without breaking the bank.

Factoring in all the fees and costs when first purchasing a home can be so overwhelming. I’m sure you’ve heard of all th...
03/02/2023

Factoring in all the fees and costs when first purchasing a home can be so overwhelming. I’m sure you’ve heard of all these additional costs and fees needed to purchase a new home. I’m here to help!

Swipe to find out all the basic fees and costs that you’ll likely incur when purchasing a new home in British Columbia.

Whether your mortgage is up for renewal, or you are wanting to purchase a home or an investment property but are concern...
10/28/2022

Whether your mortgage is up for renewal, or you are wanting to purchase a home or an investment property but are concerned about the continuation of rising interest rates, let's connect so I can help you make an informed decision.

Since March of this year, the bank of Canada has raised its rates 6 times. This is more than at any other time in history. As of yesterday (October 26th, 2022), the new bank of Canada rate is now 5.95% from 5.45%. This means people are at risk of not qualifying for a mortgage, or even for their renewal. With interest rates expected to reach 6% by the end of the year, people will really need to consider how to proceed in this economy. In light of this, it's crucial that people understand what this means for their current situation and their future, and that's what I do. I am here to help you digest this information and move forward accordingly.

Connect with me today to discuss how this will impact your personal situation and what we can do to ensure you feel prepared and confident in the current market.
“After slashing its lending rate to near zero early in the COVID-19 pandemic, the bank has raised its benchmark rate six times since March, as it scrambles to rein in inflation, which has run up to its highest level in decades. While the move will likely help bring down the cost of living in the long run by compelling Canadians to spend and borrow less, it will only increase the pain for consumers and businesses that are already feeling the pain of inflation and higher borrowing costs.” - CBC Business News

Recently Funded! ✅🏆Total Mortgage Amount: $508,756Purpose: PurchaseInterest Rate: 3.79%Market Area: North VancouverClosi...
10/27/2022

Recently Funded! ✅🏆
Total Mortgage Amount: $508,756
Purpose: Purchase
Interest Rate: 3.79%
Market Area: North Vancouver
Closing Date: August 2022

For questions or concerns about your mortgage OR if you’re considering buying a home, contact me today
[email protected]

RECENTLY FUNDED ✅🙌Total mortgage amount: $471,250Purpose: purchase Interest rate: 5.39%Market Area: Vancouver Closing da...
08/26/2022

RECENTLY FUNDED ✅🙌
Total mortgage amount: $471,250
Purpose: purchase
Interest rate: 5.39%
Market Area: Vancouver
Closing date: August 2022

While Mortgage rates hovered near historic lows in 2020 and 2021, that quickly changed this year. Now, as the central ba...
08/24/2022

While Mortgage rates hovered near historic lows in 2020 and 2021, that quickly changed this year. Now, as the central bank of Canada is ramping up efforts to fight inflation which has remained high after the pandemic stimulus and supply chain problems, we are seeing some of the highest mortgage rates in Canadian history.

With a lot of speculation on what is going to happen next and decisions being made that could affect homeowners for several years to come, it’s a good time to stay informed and understand what this means for you as a future homeowner. As history has shown us, interest rates will likely come back down and rebalance however, I encourage you to get educated on the details that may impact your future decisions as an investor by connecting with me.

RECENTLY FUNDED ✅Purpose: Purchase Mortgage amount: $769,500Area: Pitt Meadows Rate: 4.19%Closing date: August 2022
08/24/2022

RECENTLY FUNDED ✅
Purpose: Purchase
Mortgage amount: $769,500
Area: Pitt Meadows
Rate: 4.19%
Closing date: August 2022

RECENTLY FUNDED ✅Purpose: Purchase Mortgage amount: $912,000Area: North VancouverRate: 3.2%Closing date: June 2022
08/19/2022

RECENTLY FUNDED ✅
Purpose: Purchase
Mortgage amount: $912,000
Area: North Vancouver
Rate: 3.2%
Closing date: June 2022

RECENTLY FUNDED 🙌Purpose: Purchase Mortgage amount: $951,920Area: North VancouverRate: 3.95%Closing date: august 2022
08/18/2022

RECENTLY FUNDED 🙌
Purpose: Purchase
Mortgage amount: $951,920
Area: North Vancouver
Rate: 3.95%
Closing date: august 2022

When my clients first come to me, they are typically under the assumption that a ‘good’ or ‘desirable’ mortgage is defin...
06/30/2022

When my clients first come to me, they are typically under the assumption that a ‘good’ or ‘desirable’ mortgage is defined by the lowest possible rate, but I like to quickly assure them that although that can be a good option, there’s more to consider when applying for a mortgage.

I don’t only look at and assess what my client's financial situation is today, but where they plan to be and what their goals are so we can help plan make arrangements for the future. My job isn’t to help you save money in the short term, my job is to help you achieve your financial goals and make smart financial decisions for the future so you can get ahead.

Although there are unfortunately, a lot of misconceptions and myths about mortgage products, such as dealing with one bank and one only, waiting to apply for the lowest rate possible, etc. I like to break through the noise and provide quality information that educates and empowers your decision-making.

Happy Pride Month to the LQBTQ+ Community! ✨🌈🦄💕This inspiring, inclusive, accepting, unapologetic and proud community in...
06/28/2022

Happy Pride Month
to the LQBTQ+ Community! ✨🌈🦄💕

This inspiring, inclusive, accepting, unapologetic and proud community invites people to be themselves, so raise your rainbow and be loud and be proud as we continue to fight for equality 🌈☀️💕❤️‍🔥🍭✨⭐️🌈

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