GLM Mortgage Group

GLM Mortgage Group Strategic advice. Mortgage plans built for wealth.

🏆 BC Broker of the Year ’22 | 4× Finalist ('20, '23–'25)
$650M+ Funded (1,650+ Mortgages)
⭐ Best Customer Service
CMP Top 75
🏅 ThreeBestRated ('18-21, '25-'26)
550+ 5★ Reviews.
⚡ Fast approvals. *Over 460 FIVE STAR Google Reviews & GROWING…
*Recognized Top 75 Mortgage Broker in Canada
*Canadian Mortgage Award Winner for Best Customer Service in Canada
*Canadian Mortgage Award Winner for Mortga

ge Broker of the Year | British Columbia
*Finalist for Canada’s Excellence in Philanthropy & Community Service
*Recognized Dominion Lending Centres Top 15 Brokerages
*Member of Dominion Lending Centres & Canadian Mortgage Professionals Hall of Fame
*Podcast host - The Real Deal Pod: Allister Carrington & Geoff Lee's Pro Insights in Real Estate

🏡 Mortgage Myth: Paying Off Your Mortgage Early Always Triggers PenaltiesMyth: If you make extra payments on your mortga...
06/19/2026

🏡 Mortgage Myth: Paying Off Your Mortgage Early Always Triggers Penalties

Myth: If you make extra payments on your mortgage, you'll automatically be charged a penalty.

Reality: Most mortgage lenders allow you to make annual prepayments without any penalty at all.

Many mortgages include prepayment privileges that let you:
✔️ Make lump-sum payments toward your principal
✔️ Increase your regular payment amount
✔️ Pay off your mortgage faster
✔️ Save thousands in interest over the life of your mortgage

The key is understanding your mortgage's specific prepayment terms. Some lenders allow you to pay up to 10%, 15%, or even 20% of your original mortgage balance each year without penalty.

💰 Even occasional extra payments—such as using a bonus, tax refund, or inheritance—can have a significant impact on how quickly you become mortgage-free.

The takeaway? Don't assume you're stuck with your original payment schedule. Your mortgage may offer more flexibility than you realize.

If you're wondering what prepayment options are available on your mortgage, I'd be happy to help you review them.



🏡 Property Tax Deadline ReminderWith July 2 quickly approaching, now’s a great time to check property taxes off your to-...
06/18/2026

🏡 Property Tax Deadline Reminder

With July 2 quickly approaching, now’s a great time to check property taxes off your to-do list.

One thing many homeowners forget:
💰 The Home Owner Grant still needs to be claimed separately if you qualify — even if your lender pays your taxes through your mortgage payments.

Don’t wait until the last minute and risk penalties or missed savings.



📉 Small Rate Changes Can Make a Big DifferenceWhen it comes to mortgages, many buyers focus on whether rates are going u...
06/12/2026

📉 Small Rate Changes Can Make a Big Difference

When it comes to mortgages, many buyers focus on whether rates are going up or down—but often underestimate the impact of even a small change.

A difference of just 0.50% on your mortgage rate could mean:

💰 Lower monthly payments
💰 Thousands saved in interest over the life of your mortgage
💰 More money available for savings, investing, renovations, or other financial goals

For example, on a typical mortgage, a seemingly small rate reduction could save you tens of thousands of dollars over your mortgage term and amortization period.

That's why finding the right mortgage isn't just about getting approved—it's about securing the right strategy, rate, and product for your financial goals.

🏡 The lowest rate isn't always the best mortgage, but the right rate can have a significant impact on your long-term financial picture.

If your mortgage is coming up for renewal or you're considering a purchase, it's worth exploring your options.

🏡 Foreign Buyer Ban UpdateDid you know Canada's Foreign Buyer Ban is currently set to expire at the end of this year?Ori...
06/11/2026

🏡 Foreign Buyer Ban Update

Did you know Canada's Foreign Buyer Ban is currently set to expire at the end of this year?

Originally introduced in 2023 to help improve housing affordability, the legislation restricts most non-Canadians from purchasing residential properties in Canada. The ban was extended once already and could potentially be extended again.

There are several important exemptions, including:
✔️ Eligible work permit holders
✔️ Purchases made for qualifying development purposes
✔️ Vacant residential-zoned land
✔️ Certain corporations with limited foreign ownership

While the rules don't affect most Canadian homebuyers directly, they continue to influence housing supply, market activity, and broader affordability discussions across the country.

📩 Wondering how current housing policies could impact your home buying plans, investment strategy, or the local real estate market? Reach out anytime—I'd be happy to help you understand what it means for your situation.



🏦 Bank of Canada Holds Rates Steady AgainThe Bank of Canada announced today that it is keeping its key interest rate unc...
06/10/2026

🏦 Bank of Canada Holds Rates Steady Again

The Bank of Canada announced today that it is keeping its key interest rate unchanged at **2.25%**.

What does this mean for you?

🏡 **Variable-rate mortgage holders:** No immediate change to your mortgage rate or payment.

🏡 **Homebuyers:** Borrowing costs remain stable, which helps provide some certainty while you're planning a purchase.

🏡 **Homeowners approaching renewal:** Fixed mortgage rates are influenced more by bond yields than the Bank of Canada's rate, but today's announcement signals that rates are generally moving in a stable direction.

While inflation remains slightly above the Bank's 2% target and economic growth has slowed, the Bank is taking a wait-and-see approach before making any future rate changes.

The next rate announcement is scheduled for **July 15**.

If you're wondering how today's decision impacts your mortgage, renewal, or home buying plans, feel free to reach out.



⏰ Friendly Reminder: Property Taxes Are Due SoonJust a reminder for BC homeowners that property tax payments are due by ...
06/08/2026

⏰ Friendly Reminder: Property Taxes Are Due Soon

Just a reminder for BC homeowners that property tax payments are due by July 2.

If you haven’t already:
✔️ Make your payment through your municipality
✔️ Claim your Home Owner Grant if eligible
✔️ Double check deadlines to avoid late penalties

Even if your mortgage includes property taxes, it’s always a good idea to confirm everything has been processed properly.

A few minutes now can save unnecessary stress later 👍



06/04/2026

🚨 Thinking about buying a 𝗽𝗿𝗲-𝘀𝗮𝗹𝗲?

Here's the reality:

For years, people got used to buying a pre-sale and watching it go up $50,000-$100,000 before completion. If that was still happening today, we probably wouldn't be having this conversation.

𝗕𝘂𝘁 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗰𝗵𝗮𝗻𝗴𝗲.

That's why I've always said: Never buy a pre-sale unless you're prepared and able to complete on it.

Too many buyers make decisions based on what they 𝗵𝗼𝗽𝗲 the market will do instead of what they 𝗰𝗮𝗻 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗮𝗳𝗳𝗼𝗿𝗱 if things don't go according to plan.

Will the market rebound? Most likely.

When? Nobody knows.

The key is making sure you're in a position to 𝗴𝗲𝘁 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘁𝗵𝗲 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁, not betting on what might happen tomorrow.

🎧 In this week's episode of The Real Deal Podcast, we discuss what's happening in today's pre-sale market, the challenges some buyers are facing, and the lessons every purchaser should understand before signing on the dotted line.

📌 Save this if you're considering a pre-sale.
📤 Share it with someone who's waiting for their completion date.

P.S. **Find The Real Deal on Spotify, or wherever you listen to your favorite podcasts.



Episode 98 is NOW LIVE!: BC Pre-Sale Condo Crisis, Mortgage Rate Holds Explained & BC's Stalled Housing DealOne of the b...
06/04/2026

Episode 98 is NOW LIVE!: BC Pre-Sale Condo Crisis, Mortgage Rate Holds Explained & BC's Stalled Housing Deal

One of the biggest risks in real estate isn't the market—it's what you don't know before you buy.

In our latest episode of The Real Deal Pod, Allister and I break down the Eclipse Condo situation in Burnaby and the lessons every pre-sale buyer should take away from it.

We also discuss:
• Why independent representation matters when purchasing a pre-sale property
• BC's ongoing housing affordability discussions and what they could mean for buyers
• Why townhomes are becoming an increasingly attractive investment option
• How mortgage rate holds actually work—and what they don't guarantee
• Why a pre-approval is only as strong as the documents behind it
• The difference between a low-rate mortgage and the right mortgage

Whether you're considering a pre-sale, actively house hunting, or working through a mortgage approval, this episode is packed with practical information that can help you make better decisions and avoid costly mistakes.

🎧 Tune in and stay ahead of the curve.

Geoff Lee
Mortgage Broker, GLM Mortgage Group
www.GLMmortgage.com
1.604.259.1486
[email protected]

Allister Carrington
Realtor, Fraser Valley Real Estate
www.AllisterCarrington.com
1.778.990.8703
[email protected]



Episode 97 is NOW LIVE!: BC Housing Affordability, Carney's Plan, Eby's Record & the Real Reason Buyers Are Sitting OutH...
05/28/2026

Episode 97 is NOW LIVE!: BC Housing Affordability, Carney's Plan, Eby's Record & the Real Reason Buyers Are Sitting Out

Housing affordability has officially become a federal conversation—but can British Columbia actually deliver meaningful change?

In this episode of *The Real Deal Pod*, Fraser Valley Realtor Allister Carrington and BC mortgage broker Geoff Lee break down Prime Minister Carney’s proposed housing affordability measures, examine why many past BC housing policies have missed the mark, and explore why 2026 could become one of the most important buying windows in recent history.

From government intervention and mortgage rates to buyer psychology and long-term wealth creation, this episode takes a deeper look at the forces shaping the future of BC real estate.

In this episode, we cover:

* What Carney’s proposed housing affordability plan could mean for BC buyers and homeowners
* Lessons from Ontario’s housing model—and whether similar strategies can work in BC
* Why policies like the Airbnb ban, home flipping tax, and foreign buyer restrictions may have created unintended consequences
* CMHC net worth data comparing homeowners and renters—and why it matters long term
* The structural and economic reasons many experts believe BC real estate is unlikely to experience a major crash
* Why many qualified buyers are still waiting on the sidelines—and the psychology driving hesitation
* Where fixed and variable mortgage rates may be headed over the next 3–5 years
* Why 2026 may become the opportunity future buyers wish they had acted on

Whether you’re renting in the Fraser Valley or Metro Vancouver, actively considering homeownership, or working in the real estate and mortgage industry, this episode delivers a candid conversation designed to cut through the noise and help you think long term.
🎧 Tune in and stay ahead of the curve.

Geoff Lee
Mortgage Broker, GLM Mortgage Group
www.GLMmortgage.com
1.604.259.1486
[email protected]

Allister Carrington
Realtor, Fraser Valley Real Estate
www.AllisterCarrington.com
1.778.990.8703
[email protected]



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