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Wayne Mah

Senior Mortgage Planner

  • Rates

    effective April 24, 2024

    Term Bank Rate Our Rate
    1 Year 7.84 % 6.74 %
    2 Year 7.34 % 6.09 %
    3 Year 7.14 % 4.79 %
    4 Year 6.99 % 4.99 %
    5 Year 7.04 % 4.74 %
    7 Year 7.10 % 5.59 %
    10 Year 7.25 % 5.84 %

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    • 16AUG
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      Rates lowered by CIBC and RBC

      CIBC and RBC led the way today by announcing lower rates. All rates from 2 year terms and up were lowered by 10 bps across the board. With this latest decrease the posted 5 year fixed rate at both lenders is now at 5.49%. No announcements by the other lenders at this time but they

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    • 03JUL
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      Rates Secretly Lowered

      RBC, without a press release, lowered their posted rates today by 0.10% across the board. This is the second time in under 2 weeks that mortgage rates have been lowered. Based on current bond yields, we can anticipate futher rate decreases in the near future. No other lenders have followed RBC’s lead thus far but

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    • 05JUN
      1 Comment

      Beware Of The B.C. Property Tax Deferral Program

      This week all B.C. homeowners started receiving their annual property tax bills and inside there is information about the new option to defer the payment of them if you meet certain criteria. I previously wrote about this under 2010 BC Budget Homeowner Changes. So if you qualify, why not take advantage of this? Most certainly

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