Miller Mortgages - Dan Miller

11/03/2026

Your offer being accepted is an incredibly exciting milestone, but it is important to be aware of the steps that need to be taken between this milestone and the next one: getting the keys to your home!

While your realtor guides you through many of these steps, as your mortgage broker, it is my job to ensure the process is running smoothly and guide you through your financing. From the moment your offer is accepted, our team will be here to explore your financing options, let you know what we need from you, and keep you on track.
To make this process even simpler, we suggest:

• Securing a pre-approval as soon as you start searching for a home (this means less stress for you once your offer is accepted!).
• Letting us know as soon as your offer is accepted (or having your realtor let us know), so we can start working on your financing right away.

Questions? Reach out anytime, [email protected]

10/28/2026

The Bank of Canada announced a 0.25% interest rate increase today bringing the prime lending rate at most major Canadian banks to 4.70%. This marks the Bank's first interest rate hike since July 2023 following a period of rate reductions and holds.

So, why the increase?

The Canadian economy has shown stronger than expected growth, supported by steady consumer spending, improving business investment, and resilient exports. However, elevated global energy prices and rising transportation and production costs continue to put upward pressure on inflation, which has been hovering around 3%. With inflation remaining above the Bank's 2% target, today's decision is intended to help prevent these increased costs from spreading more broadly throughout the economy and support longer-term price stability.

What does this mean for your mortgage?

• Fixed-Rate Mortgage: No impact. Your interest rate and regular payments remain unchanged for the duration of your current term.
• Adjustable-Rate Mortgage (ARM): Your payments will increase by approximately $14 per month for every $100,000 borrowed, based on a 25-year amortization. Actual amounts will vary depending on your mortgage terms.
• Variable-Rate Mortgage (VRM): If you have a fixed-payment variable mortgage, your regular payment stays the same, but more goes toward interest and less toward principal. This adjustment happens automatically, with no action required in most cases.

A positive to keep in mind: Higher interest rates can also mean better returns on savings accounts, new GICs, and other interest-earning investments, creating opportunities for your savings to grow and compound in your favour.

While rate changes can bring adjustments, understanding your personal mortgage strategy and why it works for you is what matters most. If you have any questions about your current mortgage strategy or would like to review your options, we're always happy to help.

Reach out via email anytime: [email protected]

10/22/2026

As of October 13, 2026,BC’s new Mortgage Services Act (MSA) is officially in effect. So, what does this mean for you, as a current or future homeowner?

When working with me, you may notice some new disclosure forms coming your way. Here is what you need to know about these new regulations and disclosures:

Greater transparency: These new disclosures are meant to provide you with more details surrounding your mortgage options, costs, and how your mortgage professional is compensated.

Mortgage suitability: You can expect to see more detailed information about the mortgage options being considered for you, helping you better understand how they align with your needs and financial goals.

Clearer standards: These updated regulations are designed to establish clearer expectations for mortgage professionals, supporting accountability and protecting homeowners.

So, you may notice some more paperwork, but my role remains the same: I will always aim to make your mortgage experience as smooth and stress-free as possible!

Questions? Call or email anytime, [email protected] or 250-858-8489

09/30/2026

09/24/2026

10 CONSECUTIVE YEARS — SUMMIT 5!

We are incredibly honoured and humbled to share that Miller Mortgages has achieved the Summit 5 Award for the 10th consecutive year, recognizing us at a national level among the Top 5% of mortgage professionals with The Mortgage Group (TMG) Canada.

Ten consecutive years is a milestone that we are extremely proud of, but it is one we certainly do not achieve alone.

First and foremost, thank you to our amazing clients. Your trust, confidence, referrals, and continued support mean more to us than we can put into words. It is a privilege to be part of such an important part of your financial journey, and we never take that responsibility for granted.

To our incredible lender partners, thank you for your continued support, expertise, and partnership. Strong relationships within our industry allow us to continually find solutions and opportunities for our clients.

To our family and friends, thank you for always believing in us, encouraging us, and supporting the long hours and dedication that come with this industry.

And most importantly, thank you to our incredible Miller Mortgages team. This recognition belongs to every member of our team who works tirelessly behind the scenes and every day ensuring our clients receive the highest level of service, care, and attention. Your dedication, commitment, knowledge, and genuine desire to help people achieve their financial goals are what make these milestones possible.

While we are extremely proud of being recognized among the Top 5% in Canada for 10 consecutive years, what matters most to us is what that recognition represents — the trust our clients place in us, and our commitment to helping them achieve their homeownership and financial goals.

We are truly grateful for this journey, for the relationships we have built along the way, and for everyone who has been part of it.
10 years. 10 consecutive Summit 5 awards. Countless incredible clients and relationships.

From the entire Miller Mortgages team — thank you.

Here’s to continuing to serve, support, and make a difference for our clients for many years to come!

09/19/2026

Sometimes there’s a gap between the sale of your current home and the purchase of your next one. Bridge financing can help cover that gap by providing temporary access to the equity from your sale before it has completed.

It’s something that needs to be arranged ahead of time, so if you’re planning to sell and buy, it’s worth understanding your options early.

Reach out anytime! Email: [email protected]

09/14/2026

You’ve saved your down payment which is a huge part of getting ready to buy a home. But it is easy to overlook is the additional money needed on closing day. Legal fees, title insurance, property tax adjustments, and other closing costs can add up beyond your down payment.

They’re not always top of mind when you’re budgeting, but factoring them in early can help avoid any surprises when the big day arrives.

We are here when you are ready to start planning ahead! Email: [email protected]

09/07/2026

Happy Labour Day! However you’re spending the long weekend, we hope you get a chance to slow down, enjoy a little extra breathing room, and spend some quality time with the people who matter most.

Wishing you a relaxing and well deserved long weekend ☀️

09/03/2026

Thinking about buying a home next year? It can be tempting to start “tidying up” your finances by closing old credit cards or accounts you no longer use. But sometimes, those well-intentioned changes can actually have the opposite effect on your credit score.

The length of your credit history matters, as does how much of your available credit you’re using. Therefore, the best mortgage prep doesn’t always mean making big changes. Sometimes it’s simply understanding how your current credit and finances are working for you before you apply.

E: [email protected]
P: 250-858-8489

09/02/2026

The Bank of Canada has held its overnight marking the seventh consecutive announcement without a change.

For anyone with a variable-rate mortgage or line of credit tied to prime, there is no change to your rate as a result of today’s announcement.

The Canadian economy has shown signs of improvement, although there is still uncertainty around inflation, energy prices, tariffs and global economic conditions. The Bank is continuing to watch how things develop before making its next move.

It’s also worth remembering that fixed mortgage rates move independently and can change based on bond yields and broader market conditions.

If you’re wondering what today’s announcement means for your mortgage, renewal, refinance or home buying plans, we’re always happy to talk through your options.

Reach out anytime:
E: [email protected]
P: 250-858-8489