Mortgages by Connie Fan

10/28/2026

BANK OF CANADA UPDATE:
Rates are on the move. (Oct 28, 2026)

The Bank of Canada announced a rate increase today, raising the policy rate above 2.50%. Most lenders’ prime rate will be adjusted from 4.45% to 4.7%, subject to lenders’ discretion.

Here is what this means for your finances and property goals:

If you hold a Variable-Rate Mortgage:

Expect prime rates to adjust upward. Your monthly payments (or the portion going toward interest) will see an increase.

If you hold a Fixed-Rate Mortgage:

No immediate impact during your current term! However, if you are renewing within the next 6–12 months, it’s crucial to review your options early to avoid unexpected payment jumps.

If you are Planning to Buy:

Borrowing limits may tighten slightly. Getting a pre-approval locked in quickly can help protect your purchasing power.

Pro Tip: Don’t panic, adjust! Work with mortgage broker to run the numbers, review your monthly budget, or explore conversion options.

💬 How does today’s rate change affect your plans?
Drop a comment below or send me a DM to review your mortgage strategy!

10/27/2026

Variable rates look tempting when fixed rates aren’t as appealing. （Let’s see the rate announcement 📣 tomorrow!!)

But choosing a mortgage isn’t just about today’s rate.

Ask yourself:

- Can I comfortably afford my payment right now?

- What if the variable rate goes up? Would I still have room in my budget?

There’s no crystal ball. But we can look at your budget, your plans and how much risk you’re comfortable with before making a decision.

Let’s talk through your options.

Ps: 1-hr lining up for a Pooh hug. Now THAT‘S maximizing my comfort level!

10/24/2026

Canada's 5-years Government Bond yields are pulling back, falling below 3.51%! It's below its recent 52-week high of 3.729%. With markets shifting, hopefully we might see less pressure on fixed mortgage rates ahead.

Plus, if you're 55+ homeowner looking to tap into your home equity, there are some great promotional offers right now for reverse mortgages!

Let's connect to review your options!

加拿大 5 年期國債孳息率終於有所回落! 由最近52星期嘅高位3.729%, 回落至3.51%，希望呢個情況可以幫手減輕呢排按揭定息利率嘅壓力！

另外，如果係一啲想了解點樣善用房產淨值嘅55+業主，我留意到市面上依家都有啲唔錯嘅安老/逆按揭優惠!

歡迎隨時聯絡我傾傾，幫你睇吓有咩好方案！

Connie Fan
Mortgage Broker 按揭經紀
T: (672) 380-7858
E: [email protected]

Canada’s 5-year government bond yield fell nearly nine basis points Thursday as investors moved into safer assets during a broad technology-stock selloff.

10/21/2026

A client came to me with credit card debt piling up and wanted to use his home equity to pay it off.

The challenge? He had renewed his mortgage directly with his lender just two months earlier.

After reviewing his situation, we arranged a HELOC to help him tackle the higher-interest debt.

It was a better option than leaving the credit card balances as they were. But if we had reviewed everything when his mortgage was up for renewal, refinancing and including the debt in the mortgage could have been more cost-effective.

Your lender’s renewal offer may be convenient, but it may not address your changing needs.

Don’t just renew. Review.

PS: You can’t visit Hong Kong without making time for a proper dim sum session. This time, at Lin Heung Lau (蓮香樓) in Central!

10/19/2026

Renewing your mortgage with your existing lender is easy. A few clicks, a quick e-sign, and you’re done.

But is that still the right mortgage for you?

Your income, debts, family plans and financial needs may have changed since you first got your mortgage.

A renewal is a great time to review the bigger picture, not just the interest rate.

Before you sign, let’s make sure your mortgage still works for you.

A little Hong Kong life lately. Now back to mortgage talk!

10/13/2026

09/29/2026

I had a client who told me,

"This is our budget."

But wait... what about strata fees and property taxes?
Once we factored those in, they actually needed to look at a lower target purchase price.

Knowing your REAL budget means looking at the full monthly picture, not just the base mortgage payment. So before you start shopping, show me your budget!

Let's work together to figure out your true buying power so you can house-hunt with total confidence.

09/26/2026

Found the perfect house, but you don't like the carpet or want to upgrade the kitchen?

Good news: You may be able to add those renovation costs directly to your mortgage!

I have a client looking at a $550,000 home with about $30,000 in planned renovations, such as new flooring, painting, and a heat pump.

By rolling these costs into the mortgage, you don't have to walk away from a property with great bones just because it needs some cosmetic love.

Let's make sure you get the home you want without draining your out-of-pocket savings.

Talk to me before you make an offer!

09/26/2026

🌕 Happy Mid-Autumn Festival!

For many Asian families, Mid-Autumn Festival is a little like Thanksgiving. It’s a special time to gather around the table, share a meal, enjoy mooncakes, and most importantly, spend time with the people we love.

Life gets busy, and we don’t always get enough time together. So tonight, let’s slow down, look at the moon, and treasure these moments with family.

Wishing you and your loved ones a warm and happy Mid-Autumn Festival. 🥮

09/13/2026

And that’s a wrap!
Recharged, refreshed, and laughing till the end.

Thanks S T E V E N for the gorgeous brunch. So happy to be back again!

See you later, until next time!
Farrah Bùi Turcotte💰🇨🇦🇻🇳 Julie Banns teamborlespotlight Robert Gibson Marie Tang Shonda Kutzer