Sneg Mortgage Team

Sneg Mortgage Team Our goal is to find a mortgage that will act as a financial solution for you over the 25-30 year lif
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Sneg Mortgage Team is an English and Russian speaking mortgage brokers, husband and wife team: Jacob and Rinat Sneg, whose mortgage consultancy is based in BC.

According to the Canada Mortgage and Housing Corporation (CMHC), concern among Canadian mortgage consumers regarding def...
06/08/2026

According to the Canada Mortgage and Housing Corporation (CMHC), concern among Canadian mortgage consumers regarding default fell to 39% in early 2026, down from 53% the previous year. While this indicates improved financial confidence, the survey notes that many renewers remain under pressure, with 35% reporting increased financial strain from higher interest rates and 31% cutting back on non-mortgage expenses to manage their budgets.

A recent survey conducted by RBC reveals that the primary barrier preventing Canadians from purchasing U.S. property is ...
06/05/2026

A recent survey conducted by RBC reveals that the primary barrier preventing Canadians from purchasing U.S. property is a lack of information, with 37% of respondents citing insufficient knowledge of the cross-border buying process. Other significant deterrents include the perceived complexity or high cost of such transactions (29%) and overwhelming tax implications (27%). Despite these hurdles and a broader decline in interest due to political and tariff tensions, 11% of Canadians are still looking to buy or currently own property in the U.S., primarily driven by quality-of-life improvements and long-term retirement planning.

Despite the federal government's ambitious housing agenda, RBC’s housing policy lead, Carrie Shewchuk, notes that signif...
06/03/2026

Despite the federal government's ambitious housing agenda, RBC’s housing policy lead, Carrie Shewchuk, notes that significant work remains to translate policy into results, particularly as developers and buyers await legislative clarity. While the government has introduced measures like a 13% HST rebate for new home buyers in Ontario, industry experts emphasize that the ultimate success of these initiatives depends on overcoming implementation hurdles and supply constraints that continue to fuel a wait-and-see approach in the market.

$700,000.That’s what a client wanted to drop on a 2-bedroom condo downtown. Why? Because she lives downtown. And obvious...
06/01/2026

$700,000.

That’s what a client wanted to drop on a 2-bedroom condo downtown.

Why? Because she lives downtown.

And obviously, as we all know, civilization ends at the bridges. (Beyond that, it’s just moose and people who have to drive two hours to the nearest Tim Hortons).

The math was depressing.
High maintenance fees that only go up.
Management companies that are remarkably generous with other people's money.
Rent? Maybe $3,000 a month if she’s lucky.

But then, we had a little chat.

I had to gently peel back her resistance to the terrifying idea of investing outside her postal code. I introduced her to a few agents, each a local expert ruling their own specific area.

She ended up buying a house for $750,000.
In a quiet little town.
20 minutes walk to a lake.

We conservatively estimated the rent at $4,500.
She was already surprised by that.
Reality? Over $5,000 a month.
The demand was so wild, the new tenants moved in the exact same day she got the keys. Zero vacancy days.

Yes, the property tax is slightly higher than a condo.
But without the excessive, ever-growing maintenance fees, the extra cash flow is more than $2,000 a month.

If she takes $1,500 of that and throws it at the principal...
She pays off the mortgage in 15 years instead of 30.

15 years of interest payments the bank won't get to enjoy.
All because she agreed to look past the downtown skyline.

What's the best small town in Canada to spend a weekend?
Drop it in the comments, I need a vacation.

According to a RE/MAX Canada survey, an aging population is expected to trigger a significant "downsizing wave," with se...
05/29/2026

According to a RE/MAX Canada survey, an aging population is expected to trigger a significant "downsizing wave," with seniors projected to make up nearly 25% of the population by 2030. However, a severe inventory shortage is stalling this shift, as 49% of Canadians and 65% of those aged 65 and older, report a lack of suitable smaller housing options in their areas. Consequently, only 16% of seniors plan to downsize in the next decade, a bottleneck that 34% of respondents believe is preventing younger buyers from entering the housing market.

A survey by the University of Alberta reveals that rising shelter costs are severely impacting young Canadians, with 20%...
05/27/2026

A survey by the University of Alberta reveals that rising shelter costs are severely impacting young Canadians, with 20% of those aged 20 to 34 experiencing housing insecurity. The study highlights a massive affordability gap, noting that while entry-level home prices have surged 265% since 2004, earnings for young dual-income households have only increased by 76%. This financial strain has led over 50% of young adults to delay or change their moving plans, effectively stalling their path to financial stability and a better quality of life.

A recent Bank of Canada survey reveals that a growing "glut" of unsold, completed condominiums is becoming a significant...
05/25/2026

A recent Bank of Canada survey reveals that a growing "glut" of unsold, completed condominiums is becoming a significant drag on national economic growth. The central bank noted that the inventory of unabsorbed units has surged by 60% over the past year, primarily driven by high interest rates and a shift in investor sentiment. This oversupply, particularly concentrated in Toronto and Vancouver, is cooling new construction activity and signaling a broader slowdown in the residential investment sector.

Following the Bank of Canada’s decision to keep its policy rate at 2.25%, research by TD indicates a decisive shift towa...
05/22/2026

Following the Bank of Canada’s decision to keep its policy rate at 2.25%, research by TD indicates a decisive shift toward fixed-rate mortgages as homeowners prioritize stability amid ongoing economic uncertainty. According to TD senior district manager Steve Ng, more than 50% of surveyed homeowners expect their mortgage payments to rise, leading many to plan cuts in day-to-day spending to manage the transition from pandemic-era rates to the current environment.

My client made $630,000 in equity over 6 years. And it still frustrated the hell out of me.She bought a property in Surr...
05/22/2026

My client made $630,000 in equity over 6 years. And it still frustrated the hell out of me.
She bought a property in Surrey for $502K. Eight years later, the market peaked. The house was worth $1.1M. I called her: "Sell it. Right now. Your equity is peaking."
Her response? "But the tenants are so nice, and the cash flow is positive!"
(Positive cash flow is a hell of a drug).
It makes investors completely blind to lazy capital. She was making a few extra bucks a month, ignoring the $600K sitting dead in the drywall. She waited. The market cooled. She eventually sold for $980K.
She literally paid $120,000 for the privilege of "convenience".
You'd think she learned her lesson. (Spoiler: she didn't).
We took that money and bought TWO properties in Mission for $670K each. Within exactly 2 years, the market went crazy. They spiked to $1.3M each.
I called her again. "Sell." Take a wild guess what she said. "But the tenants are nice!"
She waited two more years. Sold them for $1.1M each. Leaving another $400,000 on the table.
I see this constantly. Investors fall in love with decent tenants and a comfortable routine, and completely forget why they bought the property in the first place.
Don't get me wrong. She still turned a $102K downpayment in 2013 into over $1.1M in 2025.
Real estate is forgiving.
But imagine how much she'd have if she actually listened to me.
Don't let comfortable cash flow trap you into holding dead equity.
Have you ever held onto an investment way too long just because it was "easy"?

05/20/2026

Last week on May 12, the US reported an inflation rate of 3.8%. As we've discussed, US economic data heavily influences the bond market, which continues to drive our fixed mortgage rates here in Canada.
Today, May 19, Statistics Canada released our own inflation numbers. The national inflation rate climbed to 2.8% in April, driven largely by surging gas prices, even as core inflation measures cooled. This 2.8% figure is crucial—it directly dictates the Bank of Canada's next move regarding the prime rate, impacting all variable-rate mortgages and equity lines of credit.
With 23 years of experience, I can tell you that understanding the interplay between these numbers is the key to building wealth through real estate in our local market. Whether you are an existing homeowner or looking to invest, staying ahead of macroeconomic trends is vital.
Need to review your mortgage strategy before the market shifts again? Let's talk.

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601 West Broadway Suite 400
Vancouver, BC
V5Z4C2

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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