January 2022

Mortgage Pre-Approval Process in British Columbia

Posted on Jan 04, 2022



What is a mortgage preapproval?

When looking for a mortgage, you can contrast the possibilities provided by various lenders.

The procedure used by mortgage lenders may let you:

  1. know the largest mortgage you could get approved for, 
  2. calculate your monthly payments, and 
  3. lock in a rate for 60 to 130 days, depending on the lender.
The mortgage preapproval pro...

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Vernon FamilyHomes Market Update

Posted on Jan 03, 2022



More homes are being listed for sale despite lower sales and higher prices.

That describes the residential real estate market in the Vernon, Okanagan in August.

142 properties were sold in the North Okanagan last month, which is a 34% decline from a year earlier. At $739,000, the benchmark price for a single-family home has increased by 8%.

394 reside...

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