Vernon B.C. Mortgage Blog

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Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

January 25, 2023 | Posted by: Dawn Stephanishin

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ... [read more]

This year create financial resolutions that you can stick to

This year create financial resolutions that you can stick to

January 5, 2023 | Posted by: Dawn Stephanishin

A new year brings a host of new year's resolutions. It's very common for people to make these resolutions around family, friends, eating better, or even the cliché going to the gym more. This year, e ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 28, 2022 | Posted by: Dawn Stephanishin

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

The Pros and Cons of Fixed vs. Variable Mortgages

The Pros and Cons of Fixed vs. Variable Mortgages

December 8, 2022 | Posted by: Dawn Stephanishin

When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ... [read more]

The Pros and Cons of Locking In your Mortgage Rate

The Pros and Cons of Locking In your Mortgage Rate

December 8, 2022 | Posted by: Dawn Stephanishin

The Pros and Cons of Locking In The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hik ... [read more]

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

December 7, 2022 | Posted by: Dawn Stephanishin

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ... [read more]

10 Things to Know About the Offer Process

10 Things to Know About the Offer Process

November 30, 2022 | Posted by: Dawn Stephanishin

10 Things to Know About the Offer Process Before making an offer on your dream house, here are the ten things you need to know about buying real estate to ensure your offer is solid. Buying real e ... [read more]

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Dawn Stephanishin

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ... [read more]

10 Important Questions to Ask Your Contractor

10 Important Questions to Ask Your Contractor

November 9, 2022 | Posted by: Dawn Stephanishin

10 Important Questions to Ask Your Contractor Are you thinking about hiring a contractor before selling real estate? Here are ten important questions you should ask the contractor before signing a co ... [read more]

Thinking of buying? Don't be put off by high rates.

Thinking of buying? Don't be put off by high rates.

November 3, 2022 | Posted by: Dawn Stephanishin

2022 has already been tough on Canadians' wallets, and recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and on October 26 the Bank of Canada further r ... [read more]

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Mortgage Professionals Canada Mortgage Brokers Institute Mortgage Broker Canada
Dawn Stephanishin
Dawn Stephanishin, AMP
Vernon, Mortgage Broker - Specialist
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