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Down to earth conversations about how mortgages contribute to your life. Join Mortgage Brokers Pete and Mindy as they explore Canadian mortgage-related topics.
83 Episodes
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The Bank of Canada dropped rates by 1/4% on March 12, 2025. This is the 7th straight interest rate drop and it falls in amongst some very turbulent economic and political times. Our guest, Professor Thomas Davidoff, from UBC explores the interest rate decrease and its effects on you, the mortgage consumer. We also discuss the impacts of tariffs and how they play into the Bank of Canada's decision making process. And we finish by asking Professor Davidoff where he thinks the opportunities are in the mortgage market and in real estate. Have a listen!
The Bank of Canada announced its latest rate decision today, and while headlines often focus on the “what,” we’re diving into the “why” — and, more importantly, the “what now.”In this episode of The Mortgage Life Podcast, we break down:The key factors the BoC weighs when making rate decisionsWhy the central bank continues to lean on inflation, economic resilience, and global pressuresThe three types of mortgages most directly impacted by rate changes: variable, adjustable, and HELOC🎧 Listen now to get clarity on what today’s announcement means for your mortgage and how to stay proactive in an uncertain rate environment.
Thinking about buying your first home? This episode of The Mortgage Life Podcast is packed with insights you won’t want to miss.Your hosts dive into the provincial and federal programs available to first-time home buyers, unpack how home ownership acts as a powerful forced savings tool, and explain the technical details that can help you maximize your options.Heads up: this one’s note-taking material. We go deep into the numbers and strategies, so you’ll want to listen more than once.Whether you’re preparing to buy your first place, or advising someone who is, this episode will give you the clarity and confidence to take the next step.
The Bank of Canada held the key rate steady on July 30, 2025 — and while there’s no dramatic change, there’s still plenty to unpack.In this episode, we break down the three reasons behind the rate hold:- Global tariff uncertainty- A surprisingly resilient Canadian economy- Inflation hovering near targetWe also talk about what this “wait and see” moment means for borrowers — and why now might still be a good time to make a move.We’ll walk you through three key questions to consider:- Are you happy with your current lender’s service?- Do you have high-interest debt you could consolidate?- Is your mortgage renewal coming up?Even when the rates don’t move, your options do.Tune in and learn how to stay proactive — not passive — in your mortgage strategy.
In this episode, we sit down with an experienced and knowledgeable Yukon real estate lawyer, Graham Lang of Lamarche, Lang & Barrett LLB, who unpacks the ins and outs of private property transactions (no MLS). From legal must-knows to common pitfalls, get expert insights to help you navigate a private deal with confidence. A must-listen for buyers, sellers, and industry pros alike!
In this timely episode of The Mortgage Life Podcast, we break down the Bank of Canada’s latest rate announcement. We explain possible reasons why, despite ongoing inflation concerns, the central bank chose to hold the key interest rate steady.Whether you're a homeowner, buyer, or just mortgage-curious, this episode will help you make sense of the bigger picture, and what it could mean for your next renewal or approval.
Renewal time doesn't have to be confusing — and it definitely shouldn't be rushed. In this episode of The Mortgage Life Podcast, your broker hosts break down five clear options you have when your mortgage comes up for renewal. From simple renewals with your current lender to full refinancing strategies, we get into the technical details, numbers, and considerations you need to feel empowered — not overwhelmed.This is a knowledge-packed episode, so don’t be shy about hitting replay! If your renewal date is coming up (or even if it's a year away!), now is the time to get informed. Listen now and share this episode with someone who’s facing a renewal soon — it could save them thousands! And if you want personalized advice, reach out to us — we're here to help you make the most of your mortgage life.
NO CHANGE from The Bank of Canada! The key overnight rate has remained the same.What does this mean for our your mortgage? For our economy? What pressures are influencing today's decision to hold steady? Check out this episode to hear our take.
The start of a new year is a great time to take stock of everything that happened in the past year... with your mortgage! In this episode, we break down two important documents that you'll be receiving shortly - your BC Assessment and your mortgage statement. Find out why you'll want to review these documents and listen for important tips to ensure accuracy and potentially save some money. Have a listen!!!
The Bank of Canada has once again dropped their key policy rate, this time by .25%. This rate drop will most likely cause Canadian banks to drop their prime rate by .25%, which would bring prime to 5.2%. For those with Variable Rate mortgages, Adjustable Rate mortgages, and Home Equity Lines of Credit - you will see a change to your mortgage (either payment or amortization period). For those with Fixed Rate mortgages, there will be no change. Just a reminder that in general, fixed rates follow long term bond yields and are not directly impacted by the Bank of Canada rate changes like variable and adjustable rates are. Lots of information to unpack in today's announcement. Have a listen to this episode, and reach out to us if you have any questions! Next rate announcement is March 12th, come back and listen!
Co-Signers and Guarantors – what exactly are they and when would you need them?
In this episode we chat about potential options of including cosigners or guarantors when you can’t qualify for the mortgage on your own. We also review what is required, their legal obligations, and how easy (or difficult) it is to remove them at a later date.
If you have a co-signer or guarantor on your mortgage, tune in to get all the details.
From policy changes to interest rates to home values, this in an enlightening chat with Dustan Woodhouse, author of Be the Better Broker book series. After a challenging couple of years in the mortgage and real estate industry, and following the most recent drop in the Bank of Canada interest rate, we hope that you enjoy the extra perspective in this episode!
The beginning of a broker / client relationship is warm and encouraging as we discuss the client's goals and how we can achieve them...then we ask for supporting documentation...
Quite often a client may feel like we're asking for too much information, and it can be quite a bit of home work for the client finding all the pieces! In all cases each lender is very specific on what they want to see in order to verify income, down payment, property details etc. We do our best to streamline the process for our clients, but document collection is a reality when it comes to getting approved for a mortgage.
This episode lays out all the various documents that may be required under various scenarios. If you haven't applied for a mortgage before, this is a great listen!
What DOES a mortgage broker do? Good question! And turns out Pete and Mindy could speak about it for days!
In a nutshell, mortgage brokers are independent, licensed, regulated and educated professionals who are absolutely determined to understand their clients financing needs!
Have a listen to Pete and Mindy' chat!
The Bank of Canada dropped the overnight lending rate by 1/4 % today. Check out this episode for our analysis of the rate drop and what's coming for possible future cuts.
For the second time in a row, the Bank of Canada has dropped their rate!
Check out this episode where Pete and Mindy discuss some of the things you might want to think about as a first time home buyer.
We chat with Brendon Ogmundson, the chief economist for the BC Real Estate Association, to find out what he thinks about the current state of interest rates. Brendon explains the recent Bank of Canada rate drop and the potential for future rate decreases. Does the Bank of Canada have any effect on fixed rates? And how do these rates affect the real estate market? Is it a good time to buy? Tune in to find out!
You might be surprised at some of the unique topics uncovered in this episode! Have a listen as Pete, Sue, and Mindy chat with Terence Tait, broker/owner at REMAX Action Realty in Whitehorse, YT.
Murray Smith from KPMG in Vernon joins Pete, Sue, and Mindy for a riveting chat about working with an accountant, and how an accountant can add to your trusted team of advisors. From financial reporting, to tax advice, to business strategy, an accountant can add an in depth financial perspective to your portfolio.
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