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  • With close to 20 years in the mortgage industry and a consultative touch, Nishka makes the entire process smooth and easy.


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A new approach to Residential Mortgage Financing…

Nishka has the knowledge to help you through any situation, drawing from her 20 years of award winning industry experience.
Nishka and her team specialize in mortgage financing in North Vancouver, Vancouver and Squamish and over the past 20 years have funded more than 3400 mortgages in the area.
From the initial meeting all the way through to signing with the lawyer, you will have the comfort and peace of mind knowing that your financing needs have been developed to meet your specific financial situation.
Come find out why clients call Nishka their Mortgage Advisor and experience the difference of having Personalized Mortgage Solutions That Work For You.

The Top Ranked Mortgage Broker in North Vancouver based on Google Reviews

What Best Describes Your Mortgage Need?

We want to access the equity in our home

Do we renovate? Do we buy a vacation home?  Do we package up our debt and add it to our mortgage? Using your home equity doesn’t have to be expensive.    From re-organizing debts to parents helping their children buy homes, draw upon Nishka’s collective experience from dealing with every possible financing scenario over the past 15 years.

 

“Nishka has been our mortgage advisor for many years. While we have always valued her experience, excellent customer service, and advice in providing financing solutions, it wasn’t until we started our major renovation that we got to see how extensive her knowledge really is. Not only did Nishka recommend over 10 trades people to us, she also came to our home and shared some of her personal experiences, offering ideas from several of her projects on her past homes. She also drew upon the collective experiences that her clients have been through, some of which are property developers.

Working with someone who is “battle tested” has given my wife and I a huge level of comfort as we take the leap into this massive undertaking!”

– Leonard and Liana Cox – North Vancouver

 

We are real estate investors

As a real estate investor you want a mortgage advisor with experience.  In addition to structuring mortgage financing deals for over 15 years, Nishka is also an active real estate investor herself.  Having bought and sold close to 10 properties in the past 10 years, Nishka understands how real estate in the Vancouver area is an integral part of building wealth.  With over 50 lenders at her disposal, Nishka can find the funds to “do the deal” and structure it in a tax efficient manner.

 

“We used Nishka’s services on two occasions. Excellent service from start to end. She answered all our questions immediately. It was a pleasure to deal with someone so efficient and professional. She made a confusing process seem easy.”

– Robert and Kasia

 

We are selling our home and buying another one

How exciting!  After driving around town, visiting a million open houses over countless Saturday’s, you are ready to make an offer.   Or maybe it’s just the opposite! The house that you have always found an excuse to drive by now has a For Sale sign!  Suddenly the traffic on the street seems much more than usual; you know you are going to have to go into a multiple offer situation to get this one!

This is where Nishka shines!  In either situation you need a mortgage advisor who can act fast to get you an approval with the right lender so you can remove that “subject to financing clause” ASAP!

Buying a house and securing financing is a very stressful experience, however, through working with Nishka, the process was surprisingly easy.  She was extremely helpful in explaining all the details to us.  She has years of experience and knowledge in the industry and was creative in helping us achieve our goals.  I would, without a doubt utilize her services again in the future and would recommend her to anyone looking into mortgage financing as she is one of the best at what she does!”

– John from New Westminster

“Nishka helped me realize my dream of moving into a house.  She was with me every step of my journey from condo to house and was always available to answer any questions and offer support. Thank you Nishka!”

– Angela

 

Our mortgage is coming up for maturity

You want to explore your options.  Perhaps you are tired of making appointments during “Banker’s Hours” or you would like some advice on what type of mortgage best fits with the current rate environment.  With access to over 50 lenders Nishka has the ability to find the right mortgage, with the right lender that best fits your needs.  Today’s mortgage financing landscape is very different than when you initially set up your mortgage.  Let Nishka guide you through the new government legislation and product options.

 

“Nishka listened to our financial needs and knew exactly how we should proceed to achieve our lifestyle goals. Thank you Nishka – you are amazing in every way!”
Tracy and Declan Sacre – North Vancovuer

 

We are buying our first home

How exciting!  Buying your first home is something you will remember for a life time!   Let me tell you why First Time Buyers love dealing with Nishka!

Compass™, a program available exclusively from Nishka,  allows you to harness her 20 years of experience as an Accredited Mortgage Professional.  First Time Buyers that have been through the Compass™ process, on average buy a home 50% sooner and at a 50% to 70% greater purchase price than those First Time Buyers that haven’t gone through the process. With Compass™ you will get the road map and the directions you need to get you moving into your very first home!

My wife and I were facing the exciting, but also somewhat horrifying task of purchasing our first apartment.  As first time buyers, we really didn’t know a whole lot of the ins and outs of a home purchase and about all the different types of mortgages and lenders.  Nishka made this whole process easy and as stress free as it could possibly have been.  We were referred to her by a coworker and from day one she was absolutely wonderful.  She is calm, patient, informative, extremely professional, and very easy to get ahold of if you have questions or concerns.  We would highly recommend Nishka to anyone looking for a mortgage.

– Mike and Sherri

Nishka has been an amazing resource for our first home purchase. She was professional and thorough throughout the process and secured a great rate for us quickly and efficiently. Thanks Nishka!
Ian and Elisabeth

“As first time home buyers, we didn’t know much about the mortgage process. Nishka made everything simple, was always there to answer questions, and catered to our personal needs in finding the right mortgage for us!”

Jon and Cassia

“So grateful to have Nishka help us make our dream a reality!!

I can’t speak highly enough to explain how much Nishka has helped us through the process of buying our first home. She not only helped us secure a great mortgage product with one of the best rates, but in my mind she also went way outside her job description to make the entire process comfortable for us by having such a wealth of knowledge in all areas of the home buying process. I walked into her office just to explore what it would take to get ourselves into a position where we could buy our own home and with an amazing suggestion on how we could invest in RRSP’s to maximize our tax refund and then utilize our first time home buyers program we actually turned just and idea into me sitting here now in our beautiful home writing about the experience all within 6 months. There were a lot of unknowns and really big sometimes scary decisions to be made along the way when buying our house and what I loved about working with Nishka is that she was always available to return my calls. When we were hunting for houses I think I had to call her 3 times in a row to ask different questions and not once did she ever make me feel as though I was being a bother and she always had a way of leaving me feel very comfortable and confident in what I was doing. Nishka went way above my expectations and I am so grateful to have met such a great person and I will definitely be continuing our journey with her when our mortgage term comes time for renewal. If anyone is considering buying a home or is looking to find a great mortgage I highly recommend you see Nishka to discuss your options she has made our dream come true and I really know she would be helpful to anyone who is going through the process.”

– Sarah & Jay
Very happy new homeowners!!!

“Nishka was instrumental in getting me into my dream home! She consulted actively with me throughout the entire process and was able to break down all of the steps so that I felt confident throughout. Nishka worked tirelessly, which ended up getting me into an even lower interest rate, and even kept me generally updated on trends and economic indicators. I wholeheartedly recommend her, especially for first-time buyers such as myself.”
– Sarah 

As first time home-buyers, my husband and I were referred to Nishka to help us secure a mortgage. Nishka was incredibly patient, meeting with us in person to answer all of our questions and coach us through the process. She also made sure to keep in touch regularly throughout our experience so we were aware of where things were at and what was required of us. Even when faced with unique challenges, Nishka went above and beyond in gathering additional information and providing guidance to us on how to navigate our situation. Overall, the knowledge she shared with us and her drive to get us set up with the best mortgage possible reduced our stress and made the entire process easy and straightforward. We would recommend Nishka to other first time home-buyers in a heart beat!  

-Amy and Shaun

Points of Interest!

A Mortgage Finance Blog filled with insights on real estate!

Rate Update – The Economy Softens but Governor Tiff Remains Firm

As the crisp fall air produces a dusting of snow on the mountains, there is a sense of hope that we could be in store for a fantastic ski season. The same sense of hope was reaffirmed today by the Bank of Canada as they took another pause on interest rate hikes. Today’s press release was a precisely balanced piece of prose that hinted at things getting better but warned that Governor Tiff still has his finger on the trigger to raise rates if needed. Here is a quick summary of what he said about today’s decision and what the future holds... 

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Mortgage Rate Update – What Goes Up, Surely Must Come Down?

Welcome back!  I trust you had a wonderful summer and managed to fit in some quality play time! To help ease the transition from a playful summer to a busy fall, the Bank of Canada Governor Tiff Macklem decided not to increase the prime rate today! That’s welcomed news for those parents who just finished running the consumer gauntlet of getting their kids ready for school! So the big question now hanging out there – is Tiff done?!  The verdict from the economists? A resounding…maybe. (Keep in mind that if you lay all the world’s... 

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Mortgage Rate Update – Know Pain, No Gain

The Bank of Canada ( BOC ) Governor Tiff Mackelm ( Tiff ) raised the lending rate by 25bps today, making prime 7.20% at most of the major lenders, a level not seen since 2001.   We are now on the 10th rate increase since March 2022, and Canadians are beginning to feel that maybe the light at the end of the tunnel is actually a freight train hurtling toward them.   When will inflation die off, and Tiff get to stand one foot on his slayed opponent, chest out, head high and proud? According to our esteemed Governor, the dawn of an inflation free... 

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Mortgage Rate Update – Down For The Count?

Today, the Bank of Canada (BOC) Governor, Tiff Macklem, decided to raise the prime rate by 25 basis points, and it’s making waves. With little economic data to back it up, Governor Tiff took the plunge, claiming a strong first quarter, especially in the service sector and housing. It seems he’s not ready to call it quits just yet. It’s surprising that he feels this way given that globally consumer price inflation is slowing, growth has stalled in Europe, China is showing signs of slowing and energy prices are coming down. It almost... 

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Mortgage Rate Update – Waiting for the 2nd Half

The Bank of Canada (BOC ) held the prime rate steady today. As if inspired by spring, Governor Tiff proved himself a true economist by giving a press release filled with comments of sunshine and rain. Though Tiff kept the prime rate the same, he promised to continue to squeeze the economy via quantitative tightening. His reason being that inflation is not quite back in the box it came from, but there are enough signs that it won’t be long now before things are under control. So where are the rate cuts Nishka?!  They’re... 

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Mortgage Rate Update – Tiff Hits The Pause Button

Tiff Takes a Pause

The Bank of Canada ( BOC ) gave us a glimpse of a brighter future by not increasing the prime rate today. Finally! The general theme of the press release was that things are developing as expected, with Governor Tiff anticipating an inflation rate of 3% by mid summer of 2023. Though the news is exciting, many “if’s” and “but’s” were sprinkled throughout the press release. For now, we’ll take the win and look to brighter skies of the coming spring.

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Stampede! NORTH VANCOUVER INVESTOR ALERT

If you’re considering growing your real estate holdings, you should think small, as in square footage. Why? Because the change in the Strata Properties Act in November of 2022 has created a unique opportunity for investors in the North Vancouver condo market. And in my opinion, this opportunity is being overlooked…for now.

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Mortgage Rate Update – Dreaming of Rate Drops

Happy New Year(s)! In this first post of 2023, I’d like to wish you all a wonderful year! I know 2022 was stressful for some, but reading between the lines of today’s Bank of Canada press release, it looks like sunnier times are ahead. On that note, let’s jump into today’s mortgage rate update.

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Mortgage Rate Update – The Rate Grinch Strikes Again

As we bring 2022 to a close, the Bank of Canada (BOC) Governor Tiff Macklem (Tiff) increased the prime rate by 0.5% to ensure we get the message to go easy on the spending this Christmas. However, he did elude to some boxing day specials, which I’ll cover in my post today. Before I jump into today’s commentary, I’d just like to say again that my goal with these updates is to take an incredibly dry press release and make it informative, relatable and somewhat entertaining – hence the sometimes colourful analogies. Economics... 

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Mortgage Rate Update – Light At The End of The Tunnel?

Today Governor Tiff Macklem (Tiff) of the Bank of Canada (BOC) surprised Canadians with “only” a 50bps (0.5 percent) rate increase. Given last week’s inflation figures and ensuing media frenzy, the world was expecting a 75bps increase, if not a 100 bps hike. It’s “interesting” to note that we’ve come to think of 50bps as having dodged a bullet!

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Mortgage Rate Update – Maybe This Time?

With today’s Bank of Canada ( BOC ) decision to raise rates by 75bps, Governor Tiff Macklem affirmed his belief that we are not yet out of the inflationary woods. In fact, the final paragraph of the press release uses language to suggest we might need one more increase. So the question is when will Governor Tiff see the light at the end of the tunnel?

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Mortgage Rate Update – Tiff Gives Inflation A Big One To The Chin

The Bank of Canada (BOC) made the preemptive/scorched earth decision to raise the prime interest rates today by 1%.  Combined with the continued decrease in your RRSP / TFSA portfolios, and it would seem this summer will be remembered more as a cold dark winter.

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Mortgage Rate Update – Unprecedented Stimulus, Unprecedented Tightening.

Rate Update - June

The Bank of Canada ( BOC ) governor Tiff Macklem ( Tiff ) surprised the market today with a 0.5% rate increase to the bank’s prime rate. Though the markets had somewhat expected it, there was a sense of hope that “we” might get a 0.25% tap on the brakes instead. To keep us on all the edge of our seats, Tiff finished his announcement with some stern words, saying he is “prepared to act more forcefully if needed.” …cue scene from a classic B Movie with people running, holding their heads and screaming in utter... 

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Rate Update – Where Do We Go From Here?

During today’s policy meeting, Governor Tiff Macklem of the Bank of Canada decided to increase the prime rate by 0.5% versus the usual 0.25%.  A rate increase of 50bps ( 0.5% ) hasn’t been done since Y2K / Dot Com bubble, which raises the question; are we heading down the road to double-digit inflation? The short answer is no, and in this post, I’ll explain why. The reason Central Bankers raise rates is to curb inflation and keep the economy from growing too fast.  So a jump of 50bps must surely mean that the economy is growing... 

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Rate Update – All Quite on the Western Front

As expected the Bank of Canada didn’t change the prime rate today. To sum up the Governors statement in a few words, we aren’t out of the woods yet.   Governor Tiff reassured the markets that he will continue the bond buy back program and reaffirmed that the prime rate will remain as is until there are clear signs we are back on track.  Tiff further added that he expects we’ll see some inflation spikes, however, things will settle down to the normal range of 2 percent shortly after.  It will be interesting... 

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Rate Update – Inflation On The Horizon?

The prime lending rate was left unchanged today, however, the bond buyback program was trimmed back to $3 billion per week, a sign that the recovery is on the horizon. The key takeaway from Governor Tiff Macklem cautiously optimistic press statement is that he will be keeping the money taps open until he gets full confirmation that the economy is back on track.  It seems that the Governor is firmly aware that history favours those who are generous with money vs stingy…it’s the reason The Christmas Carol is a classic. So if the Governor... 

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Rate Update – Perception Vs Reality

The Bank of Canada ( BOC ) left the prime rate unchanged today and maintained their stance that they will keep the prime rate at this level until there are clear signs that we are well on the way to recovery. To ensure we got the message, Governor Tiff also reaffirmed that the $4 billion per week bond buy back program will be going strong with no plans to stop until the coast is clear. So the question is, if the Governor is still pumping so much money into the economy, why are fixed rates going up? Scroll down to find out what’s going... 

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Rate Update – A New Year, A New Start, A New Hope

An economy interrupted. That was the theme of the Bank of Canada (BOC) message today as the Governor kept the prime lending rate as is and gave the markets the crystal clear guidance that it will continue to provide extraordinary fiscal stimulus to keep the economy afloat. With the BOC still buying up government bonds at a rate of $4 billion a week, the bond market is being provided with the fuel to ensure interest rates stay low, providing consumers with the confidence to keep spending. Meanwhile, looming on the horizon is the fact that the... 

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Rate Update – Tiff Keeps The Printing Press Running

With no fanfare nor surprise, the Bank of Canada (BOC) left the prime lending as is. Tiff Macklem, the BOC governor, also restated his intent to keep the prime lending rate virtually unchanged until 2023. So with Tiff dropping $4 billion (with a B) a week into the bond market, one begins to wonder: at what point do we stop spending our way out of this situation, what is the future cost of all this stimulus and what will the long term impact be on interest rates. In the words of the Great One, you need to skate to where the puck is going…... 

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Rate Update – The Governor Shows His Cards

Our freshly “minted” Bank of Canada (BOC) Governor, Tiff Macklem, had his first press release today, and as expected, he left the prime rate unchanged.  The first press release from a new BOC Governor is always an exciting thing ( really it is! ) because it gives you a hint of what their leadership will be like, and how transparent they will be about their economic game plan. After reading today’s press release, I can tell you that we are dealing with a very “cards on the table” type of leader – which is... 

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Rate Update – Meet the New Boss, Same as the Old Boss?

On his last day in the office, the Bank of Canada Governor Stephen Poloz left without much fanfare and maintained the current prime lending rate. Keep in mind that the prime rate is not the only fuel to provide thrust to this stalling economy. Like a scene from The Fast and The Furious, it’s the famous “Red NOS” button that, when pressed, launches our hero across the finish line to victory. For the Governor, the magic “red button” is the bond buyback program. In today’s press release, the Governor had mentioned... 

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Rate Update – The Governor Pulls Out His Wallet

The Bank of Canada left rates unchanged today, but the real news of the day was the announcement of a new credit facility allowing the BOC to step into the treasury market and start buying provincial and corporate bonds. This is great news since this section of the bond market has experienced a significant spike in the cost of credit while the government of Canada bonds have been at all-time lows. The good news is this will free up the credit log jam and translate into cheaper mortgage rates in the next 7 to 14 days. And the opportunities that... 

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Why Rates Are Rising While Prime is Falling

Warning! This is a long post! It was requested by quite a few people who read our Facebook Post talking about fixed rates increasing. I’ve tried my best to simplify a highly technical subject/situation into something relevant AND interesting. For those of you with finance backgrounds – I know, I know … there are some gaps. For the rest, I hope you enjoy it. This was actually one of the toughest pieces I’ve had to write! It’s April 5th, 2020 and as I write this post the... 

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Rate Update – The Governor Administers a Massive Flu Shot

In response to the spread of the COVID virus, the Bank of Canada (BOC) dropped the prime rate by 0.5 percent today.  Though today’s rate cut was an aggressive move, the key message from today’s BOC news release is the rate decrease is an attempt to provide confidence and economic stimulus in anticipation of a potential slow down caused by supply chain disruption.    Prior to the spread of the virus, the Canadian economy was actually gaining traction with some healthy figures coming in on the wage growth and inflation front. ... 

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Rate Update – Last One For The Decade

The prime lending rate was left unchanged today by the Bank of Canada (BOC), which is not a shocker as I’m sure the Vegas odds are higher that Trudeau will embarrass himself on the global stage at least one more time before rates move.   As I write this last post for the decade I’ve come to realize that reading through the BOC announcement is like deciphering spy code.  There are a lot of clues left in their well written economic prose, and when you combine it with other economic intel (intelligence) you can get a sense of what the... 

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Rate Update – Something Spooky on the Horizon?

As expected, the Bank of Canada (BOC) left the prime rate unchanged today. Not a big surprise given the recent strong employment figures.  Reading between the lines of the BOC announcement, you can’t help but get a sense that the Governor feels like he is walking through a haunted house.  He can sense that something is around the corner that’s going to make him jump in fright. The question is how high. Something bad is coming? I don’t get it you say! What about the all positive economic news – unemployment at 40 year lows,... 

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Rate Update – Hazy Expectations

Surprise! The Bank of Canada (BOC) left the prime lending rate unchanged today! Reading today’s press release, I had to admire the prose of an incredibly well crafted statement.  Peppered with phrases like: “accumulating evidence”, “job growth suggests”, “it appears” – and my favourite – “evolving largely as expected”.  It reminds me of a saying I heard back when I was studying for my mutual funds licence: “If you laid all the world’s economists out from head to toe,... 

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Why Bad News Is Actually A Good Thing

As expected the Bank of Canada (BOC) left the prime lending rate unchanged today.  While I was reading the report this morning it felt as if it was written by an eight year old boy staring out the window on a rainy Saturday morning….heavy sigh! The reality of our export driven economy is that we are heavily reliant on the politics and economic policies of other countries.  Given the ongoing trade disputes and the general malaise of the global economy, Canada is once again stuck in the middle.  And if you’re following what the news... 

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Prime Unchanged But The Governor Changes His Tune

The prime lending rate remained unchanged today by the Bank Of Canada (BOC).  Though the BOC Governor anticipated an economic slow down in the first quarter of 2019, the notes from today’s decision suggest that the reason for the slow down can be mostly attributed to a loss of economic confidence.   A loss of economic confidence you say – call the stock broker, call the realtor … sell everything!  Now hold on there… before you start panicking like its 2009, this loss of confidence is attributed to uncertainty vs instability. ... 

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Rate Update: All things in Moderation

The prime lending rate remained unchanged today by the Bank Of Canada (BOC).  The keywords repeated throughout the press release were “sustainable pace” and “moderation” which suggests the BOC will take a wait-and-see approach to rate increases in the first half of 2019.   When you combine the effects on the economy from the US-China trade conflict on global demand,  sliding commodity prices and oil dropping, you quickly get a sense that the BOC Governor is making sure that his supply of Alka Seltzer is well stocked for... 

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No Rate Grinch This Christmas

The Bank of Canada (BOC) kept rates on hold today given the impact that falling oil prices, slowing global growth and stabilizing housing markets are having on the economy … not to mention an overwhelming desire to stay on Santa’s “Nice” list. Though the BOC continues to beat the drum of “rates must return to neutral” with the economy continually hovering at the 2 percent inflation target rate, one has to wonder are we really that far from the “new neutral”? The last paragraph in today’s news... 

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Prime Increases, but is that Goldilocks at the door?

As expected the Bank of Canada (BOC) increased the prime lending rate today by 25bps.   That means prime is now 3.95% or slightly higher, depending on the financial institution your mortgage is with. With the NAFTA agreement rewritten and turned into the US-Mexico-Canada Agreement, the BOC Governor felt that enough economic uncertainty has been taken out of the picture, which should prompt businesses to move money off the sidelines.  Today’s media release read like a mix of Harry Potter and Goldilocks and The Three Bears, which... 

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Credit Score – The Rules Have Changed

In my last blog post titled Credit, Income, Net Worth – What’s Most Important to Lenders – I touched on how the new mortgage rules have forced lenders to focus mainly on your credit score when deciding to give you a mortgage. This is creating all sorts of problems because a credit score is just a one dimensional view of your financial strength. And before you attack the banks, trust me, they hate it even more than you do. Don’t forget, these are government rules, not the banks. The good news is that anything that’s scored is bound... 

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Credit, Income or Net Worth – What’s Most Important To The Lenders?

With the significant changes in the mortgage rules since 2016, I thought it would be a good idea to go back to the basics and talk about the key ingredients in applying for a mortgage. Sounds riveting right? Yep, I’d thought you’d say that! But before you click away to that cat video, I promise to make this interesting – and more importantly quick.

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No Increase With NAFTA On The Ropes

To the surprise of 50 per cent of economists, the Bank of Canada (BOC) left the prime rate unchanged today. Two key factors kept the bank rate gun holstered: 1. NAFTA negotiations and 2. Signs that inflation is still below the 2 per cent range. Though the BOC took a pass meeting for a rate hike, a ratified trade agreement with the US and signs of wage growth could tip the scales and provide support for another 25bps increase in prime.  

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Prime Increases But Is The BOC Done for 2018?

The Bank of Canada (BOC) increased the prime rate by 25bps today which means prime will now be 3.7% with most lenders by the end of today. Though we are in the middle of a trade war with The Donald, the BOC felt there was enough good news that came in over the last quarter to warrant a rate hike.   In this post, we’ll cover what is keeping the BOC up at night and what options you should consider for your mortgage in a rising rate environment. 

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[Rate Update] Beware of the “Flea Market Effect”

As anticipated the Bank of Canada ( BOC ) left rates unchanged today.  Though gasoline prices have turned up the heat on the inflationary stove, the pot is not boiling … yet. There was some good news the in the announcement, BOC expects housing to perform well for the balance of 2018, businesses are starting to invest more and wage growth should offset higher interest rates.  All of which could give the BOC some comfort in increasing rates in July. But the real story today,... 

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Are Variable Mortgages Becoming More Attractive?

The Bank of Canada (BOC) left the prime rate unchanged today. Which means the prime is 3.45% with most institutions, or 3.6% if you bank with TD. With their focus on NAFTA talks, geopolitical instability and the protectionist stance of our largest trading partner, the BOC feels that keeping their foot on the gas pedal (albeit very lightly) is still a good idea.  A key comment in today’s announcement is that production capacity has been revised upward.  With unemployment at record lows, this means that the inflationary pressure that comes... 

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Rates on Hold Due To Trump Steal Tariffs

The Bank of Canada (BOC) left the prime rate unchanged today. Which means the prime is 3.45% with most institutions, or 3.6% if you bank with TD. The key reason for not increasing prime was due to the impact of Trump’s proposed steel tariffs, and core inflation running below the Bank’s target level.   If the proposed tariffs go through, there could be an opportunity for lower fixed mortgage rates and real estate in the Lower Mainland.  

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Prime Increases Despite NAFTA Discussions

The Bank of Canada (BOC) increased the prime lending rate today by 0.25%, meaning the prime rate by the end of business today should end up at 3.45% unless you bank with TD Canada Trust where it will be 3.6%. Despite NAFTA being potentially re-written, the Governor found comfort to increase the lending rate due to the global economic growth, tight labour markets and growing exports.   This move suggests that the Canadian economy is on solid footing and can handle any shocks brought on by The Donald. Some key economic indicators suggest that... 

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Opposing Economic Forces Prompts BOC To Hold

As anticipated, the Bank of Canada (BOC) left the prime rate unchanged today.   The Governor’s comments seemed to describe the economy as that rare breed of driver that uses both feet when driving – usually unwittingly with one foot resting on the brake while the other is on the gas.   

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Tax Changes For Incorporated Business Owners

Focus on proposed tax changes Nov 9, 2017 Expert insights Courtesy of: First National Financial LP On July 18, 2017, the Canadian government released a consultation paper and draft legislation that proposed significant changes to small business tax rules. Following a public consultation period that ended on October 2, 2017, the government revised its thinking and in some cases withdrew the proposals. What is left are planned reductions in the small business tax rate, but significant limitations on the generation... 

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Stressed About The Stress Test?

As of January 1st, 2018 the mortgage qualifying rules are about to change dramatically. The good news is only two groups of Canadians will be impacted: 1. Those who own a home 2. Those who want to own a home Obviously, I’m being incredibly facetious with the matter, but I’m sure you get my point – this time the government is targeting everyone.  To help you understand how you could be impacted, we’ve listed... 

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BOC Governor Takes A Breather

The BOC Governor’s daily affirmation goes something like this… ” I must keep inflation at 2%, I must keep inflation at 2%” … so with the NAFTA agreement potentially on death row, and the new housing stress test coming into effect in January (see below for more details) the BOC feels there is enough headwind to keep economic growth at just the right pace.  With that in mind, Stephen and the gang decided to keep the prime rate the same today. 

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Why Todays Increase In Prime Is A Good Thing

The Bank of Canada (BOC) raised the prime rate by 0.25% today taking the last of the 2015 emergency stimulus out of the system. The rate increase was expected to happen in October, however, the economic growth seen over the summer was enough for the BOC to make the move today. So why is today’s rate increase a good thing? The first reason is it confirms that the economy is finally finding its footing. Some of the key points in the BOC news release shows that the economy is growing in a self-sustaining manner, which is important given the... 

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Rate Update – I’ll Take That Back Now Thank You

The Bank of Canada (BOC) raised the prime rate by 0.25% today. It’s a move that isn’t so much designed to slow the economy down, but to reduce the financial stimulus that was required to stave off the economic impact from the collapse of oil prices back in 2015. Why increase rates now when the economy isn’t 100%? Because it takes about 1.5 years to 2 years for a rate hike to fully take affect, also the BOC needs some of its ammunition back just in case the economy runs into another hiccup or the zombie apocalypse. But I digress…. The... 

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Government Changing Rules AGAIN

As you’ve no doubt heard, the federal government is looking to, yet again, make changes to the mortgage rules. The two aspects of the proposed changes will have a SIGNIFICANT impact on how much borrowers can qualify for, and may also require an increase in down payments. From now until August 17th, the government will be reviewing input from all stakeholders. I encourage you to email them at B.20@osfi-bsif.gc.ca. 

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Interest Rate Update – BOC Offers A Hint of Optimism

The Bank of Canada (BOC) left rates unchanged today, however the tone of their statement had a hint of optimism. The main points in today’s message were that the global economy is still moving forward, employment in Canada is improving and business investment is picking up. The last point is critical since it’s the key ingredient to sustained economic growth. Key Points From The Bank of Canada Announcement Prime rate not changed US growth slows this quarter Business investment picks up (finally!) Canadian exports still weak Economy... 

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Interest Rate Update – Fixed or Variable in 2017 ?

The Bank of Canada (BOC) left rates unchanged this morning and also hinted that the prime rate could stay the same until 2019. The BOC is in a difficult position right now. With the global economy showing signs of growth and the US economy now taking measures to curb inflation, the BOC is waiting with baited breath for exports to pick up and contribute to the economic bottom line. The recipe to ensure that happens will be to keep the Canadian dollar low by not increasing the prime rate. It’s an inflationary move that could put the economy... 

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Interest Rate Update – Spring Showers Bring Lower Rates?

The Bank of Canada (BOC) kept rates the same this morning, however, there was mention of signs of growth in the Canadian economy in the last quarter of 2016. This doesn’t necessarily mean that we are heading for a rate increase in 2017, but it does take the potential for a rate decrease off the table – for now.

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Mortgage Insurance Premiums on the Rise

Increasing Interest Rates

Mortgage Insurers Will Be Increasing Premiums Mortgage insurers announced on January 17th that they will be raising the premiums for all down payments effective March 17th, making this the third increase in premiums since 2014. The increases are due to legislation that require banks and insurance companies to have more capital reserves set aside to allow for mortgages that go into default. Both the banks and the mortgage insurers have tried to fight this one since it makes the banks set aside a significant amount of money that they can’t do anything... 

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BC HOME Program Explained

Finally some good news for First Time Buyers! In case you missed the headlines, the BC Government has launched a new program to help First Time Buyers get into the market. Ironically, this comes on the heels of new rules just introduced by the federal government designed to make it harder for people to buy their first home. The new program called The BC HOME Partnership, is a down payment matching program, with the BC government matching a First Time Buyer’s down payment up to a limit 5% of the purchase price up to $37,500. We had the privilege... 

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Rate Update – Who’s Driving The Bus?

The Bank of Canada (BOC) kept rates the same this morning, echoing the sentiments of the last meeting – rates are likely to stay untouched until mid 2018. The possibility of a rate decrease is still on the table, however the Governor is waiting to see what actually comes of the protectionist rhetoric from our Southerly neighbours. As he repeated consistently in today’s press conference, he needs to see the data before he can decide what course of action to take. If a rate cut does materialize, it’s uncertain the Big Banks would... 

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Rate Update – Fix Rates Rise Due To Trump Economics

The Bank of Canada (BOC) kept rates the same this morning, which may seem like a forgone conclusion, however, there was talk over the past couple of weeks that there might be a rate decrease!

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Is It Time To Fix your Variable Rate Mortgage?

With the recent increases in fixed mortgage rates, some of our clients are asking is it time to lock in our variable rate mortgage.    It’s tough to give a yes or no answer since it depends on your personal situation.  So to answer the question I’ve outlined what’s involved in “the fix or not to fix” decision, from the perspective of the three different client types we most often encounter. Before we dive into the different situations let’s do a quick refresher on how mortgage interest rates are priced.   Fixed rates are priced off... 

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Rate Update – New Mortgage Rules Change The Game

As expected the Bank of Canada (BOC) kept the prime interest rate the same. With the new mortgage rules brought in by Finance Minster Bill Morneau, the BOC’s job just got 1000 times simpler and they now have the luxury of keeping interest rates low for an extended period of time.  In their statement issued this morning,  the BOC feels that mid 2018 is when the economy will return to full capacity – meaning this would be the earliest they would start to consider to... 

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Government Rule Change Changes Everything

New Rules Designed to Make Housing Affordable? The Government announced three rule changes today. Two of the rules were expected, the third one however will significantly change how you qualify for a mortgage in the very near future. There two dates you need to be aware if you are buying or a home or refinancing your mortgage: October 17, 2016 November 30, 2016 As of October 17th anyone who has less than 20% down payment will now have to qualify for a mortgage... 

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Is Your Mortgage Insured by CMHC? It Might Be

Normally I try to stay away from the technical side of mortgages.  After all, do you need to know how mortgages are funded in Canada?  No, you don’t need to be an expert, that’s why you hired me. However, with the new rule changes that are coming into effect on November 30th, the term “back end insured” and “portfolio insurance” are frequently being used, and some people might not be aware that it applies to them. To explain how your mortgage might be insured, I’ve copied an excerpt from the October... 

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Variable Rate Update – Waiting for “The Fed”

As widely expected, the Bank of Canada (BOC) left rates unchanged today.  Some key points in Governor’s comments were: We are seeing the quantified effect on the economy from the Alberta wildfires The US economy is slowing with respect to business and real estate investment However US employment and consumer spending are holding strong As a result of the above two factors, exports are down significantly The Governor is expecting a substantial rebound in the final part of the year, however that would merely put the economy back... 

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Variable Rate Update – BOC and The Weatherman

Our Variable Rate Updates are starting to sound like a broken record, and I’m not sure if they are being read at this point since they sound so repetitive, so I’m going to make this update a little more colourful. I’m beginning to believe that the Bank of Canada (BOC) is hiring weatherman to forecast the economy.  Sounds obtuse? Bear with me as I explain.  As I started my research this morning I looked back over the past few updates to look for patterns.  One that did emerge was the constant promise of a brighter sky and... 

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Variable Rate Update – Third Quarter a Charm?

The Bank of Canada (BOC) left the prime rate unchanged today but the Governor is expecting growth to return in the third quarter of 2016.   The wording in the BOCs statement was mainly focused around the disruption in oil production due to the fire in Fort McMurray and the economic growth coming from the US.  The BOC continues to express its frustration with the lack of investment from businesses since the consumer can only hold up the economy for so long. Key Points From The Bank of Canada Announcement           Prime... 

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Rate Update – Waiting For The Stimulus To Take Effect

The Bank of Canada (BOC) left the prime rate unchanged today citing the weakness in the global economy, the significant slack in labour production capacity and lacklustre exports.   The only economic good news on the horizon is the Federal Governments stimulus plan which the BOC is hoping will pick up the economic slack.   This meeting provided more economic information since it included the Monetary Policy Report. For a copy of the full report click here.   It’s actually a pretty easy read! Key Points From The Bank of Canada Announcement... 

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Variable Rate Update – Reaching Escape Velocity?

The Bank of Canada (BOC) left the prime rate unchanged today.  The wording of the announcement suggested that the Governor is feeling cautiously optimistic.  With the Liberal’s stimulus budget coming on March 22nd, oil prices stabilizing, the US economy trending upwards and the global economy showing signs of growing in 2017, the Governor has enough reasons to leave rates where they are. The question that economists are asking is what will it take for our economy to reach escape velocity and pull away from the gravitational force of this... 

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It just got easier to buy a home

New changes to brought in by the BC Minister of Finance today aim to make it easier to own a home in Vancouver. Here is an outline of the new rules: a property transfer tax exemption for Canadian citizens and permanent residents who purchase newly-built homes, condos and townhouses under $750,000.  Purchasers must live in the property for at least one year. This is a potential saving in closing costs of up to $13,000; a one percent increase in property transfer tax to three percent for homes which are sold over the... 

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First Time Home Buyers – Fast Tracked!

Buying your first home is not as simple as it used to be.  First time home buyers need more guidance and direction what with the increase in home prices and the changes in CMHC rules. That’s why I developed Compass™. Using the tools built into the Compass™ system, First Time Buyers get a clear sense of direction on how to achieve their home ownership goals. Below is an example of what Compass™ can do for first time home buyers. Scenario: John and Sharon Cook, (names... 

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Fixed Vs. Variable – The Tide Has Turned

The Bank of Canada (BOC) left the prime rate unchanged today.  Though the economic growth is in the lower range of the bank’s 2% target range, the wording of the bank’s announcement suggests that it will wait for previous rate cuts take effect.   It’s clear that any increases in prime are off the table since the bank is expecting the economy to grow at 1.5% in 2016 and 2.5% in 2017.   Since the BOCs growth target rate is 2%, I would even speculate that 2017 might not see any rate increases.

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Variable Rate Update – Running on One Engine

The Bank of Canada (BOC) left the prime rate unchanged today.  Growth in the economy is within the Bank’s 2% target range and is on track with the BOC estimates for the year.The message is clear that Canada’s economy is only running on one engine due to slumping commodity prices.  Though the declining loonie is helping to drive exports, the economy is struggling to move forward in the face of headwinds created by declining commodities.  Where will the growth come from to get Canada moving forward? The BOC still has a candle lit for the US... 

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Variable Rate Update – Post Election Edition

The Bank of Canada left the prime rate unchanged today as expected.   With a new government in place and promises of stimulative spending, the BOC, assuming no dramatic changes in the economy, will likely keep prime as is for the next couple of meetings.  Key points from the meeting placed emphasis on China’s transition to a slower economy and the resulting uncertainty that it brings for commodity based economies.  The key indicators in the global economy are pointing to signs of growth returning in 2016/2017 and the US economy is... 

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Variable Rate Update – No Mention of the “R” Word From the Governor

 Variable Rate Update As expected, the prime rate remained unchanged today, as the Bank of Canada waits for the previous rate cuts to take effect.  The two main take-aways from this mornings message: 1. Commodities are significantly pulling down the economy and will take sometime to sort themselves out  2. Manufacturing exports are offsetting the resulting economic drag.  As the Canadian dollar continues to decline,manufacturing will become Canada’s shining star since it will further drive the country’s... 

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Variable Rate Update – Rate Cut! Now What?

The Bank of Canada reduced the prime lending rate today by 0.25%.  The decision to reduce the rate is due to the economic growth coming in well below the expectations set out in April of this year.  Factors having the biggest drag on the economy are in the commodities and oil sector, with the re-balancing in China’s economy impacting commodities.   Since the oil and commodities sectors have a significant impact on business investment, lowering the rates was the right decision even at the risk of further fueling the housing... 

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Variable Rate Update – A Tale of Two Rates

 The prime lending rate was left unchanged today by the Bank of Canada, with comments stating that sufficient stimulus is being supplied to the economy, even with the recent rise of global bond yields.   There was mention that slower than expected growth in the US, a slightly strengthening Canadian Dollar, and further increases in global bond yields could cause the bank to re-evaluate the current interest rate in July. So what does this mean for your mortgage?  This is where the story of a “Tale of Two... 

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Variable Rate Update – Bank of Canada on hold…for now…

The Bank of Canada left the prime rate unchanged today.  However, if you read between the lines of Mr. Poloz’s announcement and factor in what economists are saying, expect another rate cut if things don’t improve by July. The direction of the Canadian economy may not be clear at this point due to oil’s decline, however there are a lot of positive exterior influences that should get us through this rough patch. Demand for Canadian manufactured goods and commodities driven by a lower dollar and a strengthening US economy should... 

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Variable Mortgage Rate Update – Optimism on the Horizon

  This morning the Bank of Canada announced that they would keep the prime rate the same, citing that inflation is within the bank’s target range of 2%.   Recently there was speculation in the financial community that rates may decrease again.  In its statement however, the bank addressed that there was no further need for stimulus given that the negative effects of cheaper oil are being offset by economic growth in exports, fuelled by a weaker dollar.   There are also signs that businesses are loosening their purse strings as business... 

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Variable Rate Update – Surprise! Happy New Year

Today’s Bank of Canada announcement delivered surprising news with a 0.25% rate drop, citing concerns of the effects from oil’s sudden price drop on the economy. The dramatic drop in oil prices has created a significantly different economic picture since December’s variable rate update.  With the unexpected price decline in oil, a bitter sweet economic picture is unfolding for Canada.  While Alberta braces for significant decline in its economy, Ontario is rejoicing from oil dragging the Canadian dollar lower and the positive effect... 

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Variable Rate Update – Last Update for 2014

Variable Rate Update Today’s Bank of Canada announcement delivered the same boring message, rates are not going to change.  However on the other side of the world the economic situation, which is keeping the BOC in a holding pattern, is anything but boring. For the BOC to change rates we would need to see signs of inflation in the economy, and in some cases we are.  The US economy is growing, which will eventually spill over into Canada.  The Canadian dollar is weakening, which will lead to an increase in exports.  The employment figures... 

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Variable Rate Update – Up and Down

Bank of Canada Interest Rate Update It has been “interesting” time in the markets since my last update. Fixed rates looked like they were going to break out of their ultra low trend and return to 3.09% for a 5 year term, but then two weeks later they reversed course. If you look at the chart below provided by our contact at Da Vinci Capital Management, you can see that bonds tried to break out on the upside and then dove down to test new lows. Why the gyration in the rates? There are three main themes: 1. Volatility in the stock market due to... 

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Variable Rate Update – No News is Good News

Find out what the Bank of Canada announcement means to your mortgage

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Variable Rate Update – Stuck on Hold

Bank of Canada continues to keep the prime rate the same.  Find out how it impacts your mortgage.

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Variable Rate Update

Bank of Canada Rate Announcement June 2014 Key Points From The Bank of Canada Announcement Canada not fully participating in global growth due to strong Canadian dollar Prime to stay low in an effort to weaken the dollar Inflation still not a concern What it means to your mortgage Expect the prime rate to continue to stay low until 2015 Fixed rates still not facing any significant pressure Variable products continue to outperform Expect variable rate products to get more competitive Now is the time to secure a rate hold for purchases or maturities... 

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Uncharted Territory – Variable Rate Update

The Bank of Canada has once again decided to leave the prime interest rate unchanged.   The Globe and Mail wrote an interesting article today on how we are about to enter the longest period that the BOC has not adjusted the prime interest rate in 60 years.   The article also talks about how when the economy does return to full capacity, interest rates will most likely continue to stay low due to the baby boomers switching from spenders to net savers.   As the article suggests, we are entering uncharted territory. Here are... 

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A Closer Look At Low Rate Mortgage Offers

You know spring has truly arrived when BMO launches their 2.99% mortgage rate! It’s almost becoming a tradition. Last year they even had help in their marketing campaign from the Minister of Finance who berated BMO for offering such a low rate. While the hype around a 2.99% rate is hard to ignore, like any deal, you need to read the fine print before you jump in. It’s human nature to want a great deal. In fact I would argue as consumers, we have been social indoctrinated to only differentiate a mortgage by its rate. Given the amount... 

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Bank of Canada Rate Announcement – March

Quick points from the recent meeting: Extra, Extra! Read All About it! Exports continue to remain weak There were some mention of inflationary pressures in this update Canada’s production capacity still has lots of excess to be utilized before inflationary pressures will become a factor Recent Weak economic data out of the US is mainly related to weather Here is what the recent rate announcement means to your mortgage: Given the weaker export market, its predicted prime will remain the same until 2015 Variable... 

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BC Land Transfer Tax Threshold Increased!

  Great news came  for First Time Buyers from Christy Clark yesterday!  Effective February 19, 2014 the Land Transfer Did you hear?! Tax Threshold has been raised for First Time Buyers from $425,000 to $475,000.  This is incredibly great news for First Time Buyers who now save $7,500.   Click on the Land Transfer Tax Summary table to see the schedule of tax payable once you are above the 475,000 threshold. The effect on the condo market should be interesting.  Since this effectively reduces the amount of money needed by a first time... 

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Ugly is now Attractive! – Purchase Plus in Action

In the 2013 CMHC Mortgage Consumer Survey there were two very interesting facts: 38% of home buyers who buy a home are planning on doing updates over $10,000 within the first year. 32% of them are planning on financing it. This is why Purchase Plus is such a great tool. It literally fits 1 out of every 3 buyers.  It is especially effective with buyers who are putting less than 20% down since the new mortgage rules don’t allow you to refinance your home for more than 80% of its value. What is Purchase Plus?  Its a deal structure available... 

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Three Things Bank of Canada announcement means to your mortgage

The recent announcement from the Bank of Canada virtually confirmed no movement in prime until 2015.  What does that mean for your mortgage?  Below is a quick synopsis.   1. Variable rates mortgages should outperform until 2015. 2. Fixed rates mortgages are temporarily dropping on the news that the Canadian economy is not growing while the US economy is. 3. Low interest rates could lead to a continued growth in housing, which could lead to the Minister of Finance potentially intervening. If the perception of a “housing bubble”... 

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Update from TD Bank Economics Department

Update from TD Bank Economics Department – Data Release – by: Diana Petramala, TD Bank Economist Higher interest rates put breaks on housing demand: The Canadian housing market appears to be losing steam. Canadian home sales fell 1.8% in December, a third consecutive monthly decline. Existing home price momentum remains strong, with prices growing at a double-digit pace of 10.4% year-over-year in December. The strength in prices largely reflects tightening market conditions. The number of homes for sale on the market... 

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BC Assessments Are In – Dispute or Status Quo?

By now if you own a property you have received your BC Notice of Assessment in the mail.  As usual, I am fielding a lot of questions about what to do with respect to the valuation. Do I dispute it or do I stick with the status quo? To start there is some confusion how the figure for the valuation is derived. The process used by the government is based on looking at the sales of comparable homes in your area on July 01, 2013. This is opposed to the commonly held belief that the value comes from a time that is closer to the present based on home... 

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Variable Rate Update July 2013

  At 10:00 am EST, Wednesday July 17th, 2013, the Bank of Canada again did what we expected them to do … they continued to maintain their overnight rate.    What this means to you is that once again the prime rate on your mortgage, line of credit or student loan will not change and remains at 3.00%.  This of course is fabulous news but as always, I like to remind you to make the most of the low payments you still have as the rate will increase in the future.  If you haven’t done so already, give me a call... 

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Going Up!

Increasing Interest Rates

With interest rates making their first increase in over a year, now is the time to secure a pre-approval. The question we keep hearing from clients is “how much of an effect do rate increases have”? To answer the question we have put together two charts below. There are some interesting points that pop right off the two tables: 1. Holding off on making a purchase can decrease your purchasing power by $35,000 to $70,000 or more if your income is higher! This does not even factor in increased interest costs! 2. If you have less than 20%... 

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The Debt Crunch

With the media constantly bringing the issue front and centre and with reports that the Bank of Canada Governor is concerned with personal debt levels, I am being asked by clients more and more “do I have too much debt and how do I get out from underneath it?”

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New Mortgage Rules Impacting Business Owners

Navigating the mortgage maze

Until recently if you were self employed qualifying for a mortgage was pretty straight forward. If you could demonstrate sufficient income to support the financing request you had your choice of lenders and the best rates available to you. If your income was tough to prove or your credit bruised, you still had options available with lenders that specialize in self employed lending. As of November 1st with the introduction of B20 as it is referred to by OFSI (Office of the Superintendent of Financial Institutions) the rules have dramatically changed. Under... 

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Insured Mortgage Guidelines Change

Finance Minister Jim Flaherty announced changes to insured mortgages yesterday in efforts to restrain the effects of the current low interest rate environment on real estate prices.  The new rules have four key components to them:

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Who is Nishka

Since 1995 Nishka has been providing financing solutions for  North Vancouver, Vancouver and the Tri-City areas. In that time she has come to understand one simple thing; owning real estate  is a key ingredient to creating wealth. “I’ve had the opportunity to meet and interview some very successful people. The common thread between them was that they all actively used real estate to build their net worth.” With this in mind, Nishka is an active advocate in helping clients on their journey in either starting or building on their real estate portfolio. It’s not all about building wealth though. ” Living in Vancouver is a lifestyle choice. We choose a community that we feel our family will be able to connect with. Having lived in North Vancouver for close to 20 years; I am able to  provide insight into the various communities and their idiosyncrasies.” When we asked Nishka what does she love about her role as a Mortgage Advisor: ” Helping people. It’s as simple as that. When I meet people they are often at the cross roads of some pretty big decisions. Providing insight from my collective experience and guiding them through the process to the solution is challenging and also exciting.”

Testimonials: What Clients Say About Nishka

“My wife and I were facing the exciting, but also somewhat horrifying task of purchasing our first apartment.  As first time buyers, we really didn’t know a whole lot of the ins and outs of a home purchase and about all the different types of mortgages and lenders.  Nishka made this whole process easy and as stress free as it could possibly have been.  We were referred to her by a coworker and from day one she was absolutely wonderful.  She is calm, patient, informative, extremely professional, and very easy to get ahold of if you have questions or concerns.  We would highly recommend Nishka to anyone looking for a mortgage.”

– Mike and Sherri

“As first time home-buyers, my husband and I were referred to Nishka to help us secure a mortgage. Nishka was incredibly patient, meeting with us in person to answer all of our questions and coach us through the process. She also made sure to keep in touch regularly throughout our experience so we were aware of where things were at and what was required of us. Even when faced with unique challenges, Nishka went above and beyond in gathering additional information and providing guidance to us on how to navigate our situation. Overall, the knowledge she shared with us and her drive to get us set up with the best mortgage possible reduced our stress and made the entire process easy and straightforward. We would recommend Nishka to other first time home-buyers in a heart beat!”

Amy and Shaun

 

“So grateful to have Nishka help us make our dream a reality!!

I can’t speak highly enough to explain how much Nishka has helped us through the process of buying our first home. She not only helped us secure a great mortgage product with one of the best rates, but in my mind she also went way outside her job description to make the entire process comfortable for us by having such a wealth of knowledge in all areas of the home buying process. I walked into her office just to explore what it would take to get ourselves into a position where we could buy our own home and with an amazing suggestion on how we could invest in RRSP’s to maximize our tax refund and then utilize our first time home buyers program we actually turned just and idea into me sitting here now in our beautiful home writing about the experience all within 6 months. There were a lot of unknowns and really big sometimes scary decisions to be made along the way when buying our house and what I loved about working with Nishka is that she was always available to return my calls. When we were hunting for houses I think I had to call her 3 times in a row to ask different questions and not once did she ever make me feel as though I was being a bother and she always had a way of leaving me feel very comfortable and confident in what I was doing. Nishka went way above my expectations and I am so grateful to have met such a great person and I will definitely be continuing our journey with her when our mortgage term comes time for renewal. If anyone is considering buying a home or is looking to find a great mortgage I highly recommend you see Nishka to discuss your options she has made our dream come true and I really know she would be helpful to anyone who is going through the process.”

– Sarah & Jay
Very happy new homeowners!!! 

“Nishka was instrumental in getting me into my dream home! She consulted actively with me throughout the entire process and was able to break down all of the steps so that I felt confident throughout. Nishka worked tirelessly, which ended up getting me into an even lower interest rate, and even kept me generally updated on trends and economic indicators. I wholeheartedly recommend her, especially for first-time buyers such as myself.”

– Sarah

“We used Nishka’s services on two occasions. Excellent service from start to end. She answered all our questions immediately. It was a pleasure to deal with someone so efficient and professional. She made a confusing process seem easy.”

– Robert and Kasia

“Nishka helped me realize my dream of moving into a house.  She was with me every step of my journey from condo to house and was always available to answer any questions and offer support. Thank you Nishka!”

– Angela

“My family and I HIGHLY recommend Nishka Riley. We’ve used her expertise more then once. She, every single time, succeeded where others repeatedly kept failing. She is a Life Saver and Happiness Maker… Thank you Nishka for who you are and for helping others be where they want to be.” 

– Kamal Derkaoui csc

Nishka has been an amazing resource for our first home purchase. She was professional and thorough throughout the process and secured a great rate for us quickly and efficiently. Thanks Nishka!
– Ian and Elisabeth

“Nishka has been a pleasure to work with. She is a warm and sincere person and also has great vision and knowledge.” 

– Juliette Schmerler

“I’ve known Nishka for several years and have found her to consistently be a knowledgeable expert in the field of mortgage financing. I would highly recommend her services to anyone requiring mortgage advice or insight related to financing a real estate transaction, either for personal use or investment purposes.”

– Gord Trembath

The service that Nishka provided was exceptional. Not only did she find me a great mortgage but also gave me some common sense solutions for future investments. I would highly recommend Nishka to my friends and family, and look forward to working with her in the future.

Mark Walker

Quoted in:

December 2011 Issue October 2011 Issue

Nishka is a member in good standing with the following professional associations:

 

 

 

 

 

 

 

 

Discover The Power of We!

You can be a part of the "Power of Who". If you know of a person who should be on Nishka's list please send her an email!