Braiden Cantelon

04/01/2023

Being self employed and owning a business can be a challenge when you are trying to get a mortgage.

Your financial situation look be better or the same as someone who is employed and yet lenders will still be hesitant or decline you as a client.

Luckily I’ve become familiar with the programs and lenders who will help people like you.

Commission based? Lower credit? Lower revenue during Covid?

I can help!

10/27/2022

Today there was a rate increase, here’s a simple breakdown for you.

Let me know if you have any questions, always happy to help! 😊

09/07/2022

Curious how the most recent interest hike effects mortgages? Here’s a brief idea!

08/09/2022

There’s a mortgage type that can help seniors who have decent equity but low or no income for their bills and regular everyday life.

08/03/2022

Here's my August monthly newsletter!

This month, I am touching base on adapting your finances for the changing economic environment, renovations with the best ROI and how to beat the heat and save this summer!

07/22/2022

Tap photo to see all the quick info!

07/16/2022

07/13/2022

The Bank of Canada raised its benchmark rate by a full percentage. This impacts borrowers by making the cost of borrowing more expensive and reducing spending. This chart shows why they chose this sizing of an increase.

We’ve been at these levels before and though it can be jarring to see a big increase like this at one time, it will be beneficial as we’ve been steered off track.

07/08/2022

Some signs out there towards a balanced market on the horizon.

Bank of Canada interest rates will receive a possible .75% hike next week on July 13th to battle inflation.

Couple big hits to the metro areas include:

Toronto: 41% Decrease in sales from year
45.6% Decrease from last month
5.5% Decrease MLS Home price index $

Vancouver: 35% Decrease in sales from year
16% Decrease from last month
5.5% Decrease on MLS Home price index $

RBC Senior economist believes that a recession of some sort is likely.

If we exit this sellers market and enter a balanced or even buyers market, are you or will you be ready to pounce? Use pre-approvals to your advantage! Maximize your mortgage amount and lock in those lower rates while they are available.

Reach out with any questions!

06/24/2022

Take advantage of the current rate differences! With variable mortgages you will most likely be stress tested at the benchmark rate of 5.25% where as the fixed rate will be the contract rate plus 2%, so above 7% most likely!

This can help a lot of people find their ideal home!

Reach out with any questions!

[email protected]
250.818.7376

06/16/2022

Today the average interest rates on the most popular U.S. home loan raised to its highest level since the 2008 financial crisis. Their inflation is on just over a 40 year high.

Remember interest rates rising is a signal for housing prices to lower. This is a signal for potential buyers to look for a moment to pounce as we start descending from this heavily favoured sellers market.

06/15/2022

May 2022 saw a 35.1% decrease in residential unit sales over May last year. This chart shows the direction we are currently headed.

As we head towards a balanced market or possibly a buyers market, think about getting pre-approved now to lock in that lower rate as rates are bound to increase over the next 120 days.

For any questions and for all of your mortgage needs shoot me a message anytime!