Mortgage Specialist-Nancy Armstrong

10/25/2023

Good news for so many!!!

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

01/25/2023

Let’s hope this will be the start of rates improving now 🙏🏻🙏🏻🙏🏻.

Central bank signals its rate-hiking campaign could finally be over, while it “assesses the impact of the cumulative interest rate increases.”

01/17/2023

New first time homebuyer info coming…

01/03/2023

BC Assessment has now refreshed their database to reflect this year's assessed values for property taxes. According to BC Assessment, most homeowners around the province can expect about a 5 to 15% rise in assessment values, as assessments are based on July 1st 2022 valuations.

Since July 1, values in the real estate market have changed and your 2023 property assessment will likely be higher than what the current market value might be. BC Assessment notes that everyone will be in the same situation and that an increase in assessment value does not necessarily result in an increase in property taxes unless your property values has changed more than the average value change for your community.

To check your home's value and compare your home to neighbouring properties, check your assessment. On the BC Assessment site, scroll down below your property details, and you will find an option to sample sold properties. This will show you some of the comparables sales used to determine your property valuation. Keep in mind that values are a snapshot at July 1st of 2022.

If you think that valuation is not accurate, you can appeal the value. To appeal your value, there is a specific process, and you must file your intent to appeal by January 31, 2023.

As always, contact me if I can be of any assistance.

01/02/2023

Wishing you a Happy New Year from our team at Select Mortgage!🥂🎉

This is a great time to reflect and set some financial goals📝 For any questions regarding your mortgage goals be sure to reach out to us for professional advice

12/15/2022

Happy Holidays and all the Best of the Season from my house to yours 🌲⛄️ Stay Safe & Warm!

12/07/2022

The Bank of Canada raised its benchmark interest rate by 50 basis points, to 4.25 per cent.

06/14/2022

06/07/2022

Optimism Persists….have a listen

The pace of change in mortgage world continues to accelerate. Are you keeping up? What information are you feeding your brain? What is the result? Where are…

06/05/2022

For the first time since 2018, the Bank of Canada (BoC) increased its target for the mortgage-influencing overnight rate earlier this year, kick-starting what’s predicted to be one of many increases to mortgage rates in 2022.