Simon Wong Mortgage Group

Simon Wong Mortgage Group An independent, unbiased mortgage broker in Vancouver offering residential, commercial and specialty Headed up by Simon Wong in Richmond, B.C. areas.

(outside Vancouver), our company brokers mortgage loans for property buyers in the Metro Vancouver, Fraser Valley, Vancouver Island or other B.C. We also serve the rest of Canada. Our services and offerings include residential, commercial and specialty mortgages. We work with a team of experts who have acquired years of knowledge and experience in the various areas of mortgage lending. While being

independently owned and operated as a local business, we work under Dominion Lending Centres (DLC) – Clear Trust Mortgages. They are our top-level brokerage firm. Being the largest of its kind in Western Canada, our brokerage gives property buyers amazing rates on mortgage products - products that can’t be found on the open market. This is because the company can ‘wholesale buy’ mortgage deals. They then pass the savings on to our clients. For the client, all of the above translates into tangible money savings. By not being tied to a single lending institution, our B.C. mortgage brokers can be far more flexible when searching for lenders that would fit a buyer’s case. From ‘A lenders’ to ‘C lenders,’ with interest rates and terms that vary across the board, we can help. We work with the ‘big banks,’ as well as credit unions, monoline lenders, trust companies and private lenders, too. Our independent, B.C. mortgage brokers can advise on the programs that are most likely to yield the best financial scenario, based on your circumstances and future plans. They can also help with advanced financial strategies, using your properties as part of a high-yield investment portfolio.

Freeland announces housing affordability measures for first-time buyers and current owners. RRSP withdrawal limit increa...
04/11/2024

Freeland announces housing affordability measures for first-time buyers and current owners. RRSP withdrawal limit increased to $60,000, repayment period extended by 3 years, and changes to the mortgage charter.

Deputy Prime Minister and Finance Minister Chrystia Freeland announced a number of housing affordability measures Thursday that she said will help buyers get their first homes, and help current homeowners afford the homes they have.

Countdown to rate cuts has begun. Despite the hawkish tone, the central bank's 'next move is clearly a cut,' say economi...
12/06/2023

Countdown to rate cuts has begun. Despite the hawkish tone, the central bank's 'next move is clearly a cut,' say economists.

Despite the hawkish tone, the Bank of Canada's 'next move is clearly a cut,' say economists. Read more

Bank of Canada holds key interest rate unchanged for first time in a year.
03/08/2023

Bank of Canada holds key interest rate unchanged for first time in a year.

The Bank of Canada left its benchmark interest rate unchanged on Wednesday, marking a pause in its aggressive campaign to raise the cost of borrowing and tackle inflation.

Bank of Canada raises key interest rate 0.25%. Signals end of hikes for now.
01/25/2023

Bank of Canada raises key interest rate 0.25%. Signals end of hikes for now.

The Bank of Canada's key interest rate now stands at 4.5 per cent following eight consecutive increases aimed at cooling inflation.

Royal Bank of Canada (RBC) bets on immigration in $13.5 billion HSBC Canada purchase deal. RBC seeks to shore up its dom...
11/29/2022

Royal Bank of Canada (RBC) bets on immigration in $13.5 billion HSBC Canada purchase deal. RBC seeks to shore up its domestic competition and tap into affluent international clientele. HSBC has 130 branches and 4,200 full-time equivalent employees in Canada. Deal is expected to close by late 2023.

Global banking giant HSBC Holdings Plc said earlier this year that it was reviewing strategic options for its Canadian subsidiary including the possible sale of the operations.

Canada's annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the...
09/20/2022

Canada's annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb.

Canada inflation eased for the second month in row. What does this mean for the Bank of Canada and interest rates? Find out

Bank of Canada hikes benchmark interest rate again by another 0.75%. The hike brings the key interest rate to 3.25%, the...
09/07/2022

Bank of Canada hikes benchmark interest rate again by another 0.75%. The hike brings the key interest rate to 3.25%, the highest level since April 2008 Great Recession. Canada now has the highest policy interest rate among G7 countries. The latest rate hike will trigger higher payments for more people with variable rate mortgages.

The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, a move that will increase the cost of borrowing for consumers and businesses.

Slowing inflation not enough to prevent September interest rate hike. Inflation in Canada finally appears to have peaked...
08/16/2022

Slowing inflation not enough to prevent September interest rate hike. Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates in September, economists say.

OTTAWA — Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates…

What economists are saying about Bank of Canada's steep rate increase. Canadians now face heightened economic anxiety be...
07/13/2022

What economists are saying about Bank of Canada's steep rate increase. Canadians now face heightened economic anxiety because rates are going up by leaps and bounds.

With inflation showing few signs of cooling, more hikes are likely to come, economists say. Find out more.

RBC and CIBC part of banking group to help finance Elon Musk’s $44bn Twitter buyout. Loan secured by his Tesla shares wi...
04/26/2022

RBC and CIBC part of banking group to help finance Elon Musk’s $44bn Twitter buyout. Loan secured by his Tesla shares with a SOFR+3% interest rate and a US$62.5million lender fee.

The two Canadian banks are putting US$1.15-billion into the lowest-risk loan to the Tesla Inc. chief executive

Big 5 banks swiftly pass on Bank of Canada interest hike to borrowers. The banks prime rates will increase from 3.20% (f...
04/13/2022

Big 5 banks swiftly pass on Bank of Canada interest hike to borrowers. The banks prime rates will increase from 3.20% (from 2.70%) within the week.

Canada's big banks didn’t waste much time following the Bank of Canada’s lead, announcing Wednesday afternoon they will raise their prime rates half a percentage point to 3.2%, effective Thursday.

Bank of Canada raises key interest rate from 0.25% to 0.50% today despite geopolitical risks.
03/02/2022

Bank of Canada raises key interest rate from 0.25% to 0.50% today despite geopolitical risks.

The Bank of Canada raised interest rates by 25 basis points on Wednesday, keeping with analyst's expectations and its own signals from January.

Address

1200 W 73rd Avenue
Vancouver, BC
V6P6G5

Opening Hours

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

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