Jamie Ushko- Mortgage Agent- Serving People Across British Columbia

📊 Mortgage Monday: What's on the horizon for Canadian homeowners? 🏠
Wondering how the latest market trends might affect your mortgage? I've just posted a deep dive into the numbers that matter.
From surprising stability in our Canadian dollar to potential U.S. rate cuts, there's a lot to unpack. Find out:

Why the Bank of Canada might keep cutting rates
How U.S. inflation could impact your mortgage
What history tells us about market dips and rate changes
What it all means for your home buying or refinancing plans

Whether you're on a variable rate, considering a purchase, or thinking about refinancing, this post has insights you won't want to miss.
Check out the full article on my blog [LINK below]. Have questions? I'm here to help!

Monday Market Musings: Canadian Mortgage Outlook Amidst Global Shifts If you're looking for mortgage financing, you've come to the right place. Let me help you find the best mortgage to meet your needs.

📣 Breaking News: Bank of Canada Cuts Interest Rates Again! 📣
Great news for homeowners and future home buyers! The Bank of Canada just lowered its key interest rate to 4.25%. Here's what it means for you:
✅ Lower payments on variable-rate mortgages
✅ Reduced rates on home equity lines of credit
✅ Better terms for upcoming mortgage renewals
✅ Increased buying power for first-time homebuyers
🏠 Thinking about buying, renewing, or refinancing? Now might be the perfect time!
💡 Want to know how this could benefit YOU specifically? Drop a comment or send us a message. We're here to help you navigate these changes and make the most of this opportunity!

P.S. Don't forget to share this post with friends and family who might benefit from this info! 🏡💰

🏠📊 July 2024 Canadian Housing Market Update! Swipe through for the latest trends in sales, prices, and regional differences. With interest rates expected to drop, are you considering entering the market soon?

Key highlights:

✔️National home sales slightly down monthly, but up year-over-year
✔️Average home price holding steady at $667,317
✔️Bank of Canada likely to cut rates in September

What's your take on the current market? Are you a buyer, seller, or observer? Share your thoughts below!

Bank of Canada Cuts Key Interest Rate to 4.75%

After more than two years of rising interest rates, the Bank of Canada has finally provided some relief by lowering its policy interest rate by 25 basis points to 4.75%. This move marks the end of a prolonged tightening cycle and hints at potential further rate cuts.

For homeowners with variable-rate mortgages and HELOCs, this translates to immediate savings. For every 25-basis-point reduction, expect to save about $15 per $100,000 of mortgage.

While this cut is small, it is significant. It indicates a shift in the central bank's strategy to curb inflation, which dropped to 2.7% in April.

The impact on fixed-rate mortgages remains uncertain, as they are tied to the five-year bond yield. Market expectations suggest further adjustments may be influenced by U.S. Federal Reserve actions.

This rate cut is expected to rejuvenate the housing market. A recent Royal LePage survey found that many Canadians are now ready to re-enter the market, potentially increasing sales volume and putting upward pressure on home prices.

How do we fix the housing crisis!?

Canada has some of the worlds most expensive real estate, a growing population and not enough supply.

The housing minister aims to add more supply through incentives and the government may announce new measures this fall…

What do you think!?

Throwback to the weekend we spent in Beautiful Vancouver 💕 celebrating the wedding of one of the greatest couples while squeezing in a quick roller blade around Stanley park, Omakase sushi experience and a donut (or 2) with friends!

It’s that time of year!

Lilac season, and Spring Real Estate season!

Let’s get you pre-approved!

How does your credit stack up?

What Is The Average Credit Score By Age In Canada? (2023) Below, I’ll outline the latest consumer data to break down the average credit score by age in Canada. I’ll also explain how credit reporting works so that you

SpringFest is THIS WEEKEND! Come downtown for a weekend full of savings, entertainment and fun!☀

Be sure to enter our SpringFest giveaway with any purchase at participating downtown businesses!

The winner will receive:
Alchemy Brewing Company | $50 GC
Blue Sky Clothing Co. | 4 $25 GC
Casa Azul Mexican Restaurant | GC
Castles & Cottages | Teapot and specialty teas
Crooked Crown | Bubble bath & GC
Far + Wide | Cocktail mix & two cocktail glasses.
Foxy Box Laser & Wax Bar | A foxy mug with a product, coupon, & candy.
Lansdowne Liquor | $25 GC
Lavender Lingerie | $100 GC
Main Street Clothing Company | Purse
Movement Collective | 1 month unlimited pass
Ms. Whimsy’s Gift Emporium & Rebel Vintage Clothing | Snacks & Bath Items
Nutters | $25GC
Red Wing Shoes | Red Wing T-shirt and $25 GC

See you this weekend!🌷

Amazing news! 🎉 As a Mortgage Broker and the Creator of the podcast "How to be a Mortgage Broker", I'm absolutely thrilled to share that I've made it to the next round! 🙌
Helping my clients achieve their dreams of homeownership is my passion and I'm excited to continue doing so! 🏡
I would be incredibly grateful for your support by voting for me to win this year's award. It would mean the world to me! ❤️

Please vote here: https://bestof.kamloopsbcnow.com/votes/

Thank you for your continued trust and support, and I'm looking forward to helping even more people achieve their dreams of owning a home.

See you Saturday 12-130pm at this gorgeous home 🏡 with a pool!!

Come join us this Saturday, April 29! 😊

Skyleigh Mccallum will be hosting an open house at 1733 Pennask Terrace. Come say hi 👋🏻 between 12-1:30 pm.

Happy earth day 🌎

Feature Friday Listing!

2235 Shannon Place, Kamloops BC

MLS # 172059

Are you looking for a detached shop and a basement suite? If so, this is the home for you! Situated on a quiet cul de sac in Brocklehurst & only steps away from the new Parkcrest elementary school. Perfect for families with close proximity to Brock Arena for skating and swimming & MacArthur island for sports & many access points to the beach. This area also has its own shopping center and dog park. Inside the home, you will find 3 bedrooms up with 1 bath & a 2 bedrooms basement suite down with 1 bath. Current rent just for the basement suite is $1900/month. You will notice all new paint on the top level with new baseboards, flooring and bathroom vanity. Pie-shaped lot with an abundance of space. Large covered patio area plus room for gardening & kids' toys. Decent amount of parking & a huge 20x26 detached shop. HE furnace & AC 2017, HW tank Dec 2022, Roof 2016. Meas Approx (25607592)

Contact for more details or to view.

I’m grateful for Saturday morning walks by the river 🐕

Feature Friday!

Join us at the Open house tomorrow April 15th from 12-1:30 PM!

This unique 3-plex is located at the end of a quiet Brocklehurst St. With backyard access to MacArthur Island and river access, this property offers RV parking, parking for 9 vehicles, and a great income with 3-units bringing in rental income.

Live in one unit and rent out the rest! Or fully rent.

‼️INVESTOR ALERT….

Strong population growth has led to a surge in rent prices across the country. Average apartment rents jumped 7.1% in 2022, the largest increase since at least 1990.

But it’s even higher in Kamloops where we’ve seen increases over 13% y/y.

Average rent in Kamloops according to Zumper.com is $1,750 for a 1bdrm apartment.

https://www.mortgagesbyjamie.com/bank-of-canada-rate-announcement-apr-12th-2023

Bank of Canada Rate Announcement Apr 12th, 2023 If you're looking for mortgage financing, you've come to the right place. Let me help you find the best mortgage to meet your needs.

We are so excited for this Saturday, April 15th!

Brittney Alexander-Kamloops Real Estate will be hosting an open house at 2235 Shannon Place and this house is a must-see. Come say hi 👋🏻 between 12-1:30pm.

💙Good news for anyone in the real estate game: the market outlooks is showing strong signs of a recovery.

Keep and eye on the real estate market as we move forward and consider taking advantage of this opportune time to make your next move!

Besties 👯‍♀️

Okay so no, they really aren’t… yet. Pancake is still getting used to not being an only child, and Aoife is just happy to be along for the ride.

Having these two reminds me every day to be happy and live in the moment. No matter whats going on they wake up, stretch and start wagging their tail.

Sometime Aoife gets into the office before I do 🥰

Getting ready to record another episode of with !

Thanks for the solid breakfast Daryl 🥰

‼️Feature Friday

This stunning home listed by is in one of the best locations in Beautiful Westsyde! Perfect for families as it’s right next to Centennial Park with Petting Zoo, ball diamonds, and water park.

4 bedroom 3 bathroom and a completely private backyard sanctuary with mature landscaping.

For more information reach out to to set up a private viewing.

📈Could this be the end of Canada’s House price downturn?

Recent data from CREA shows improvement in sale-to-new listing ratio!

Home sales may have perked up, but sellers are few and far between. New listing are down. Could this mean a buyers market this Spring!?

Exciting news! The Government of Canada has just introduced some changes to the Foreign Buyer Ban. If you hold a valid work permit and meet certain conditions, you can now buy property in Canada. These conditions include:

1. Having a work permit that's valid for more than 183 days,
2. Not having bought more than one property before

Remember, it's important to speak with an expert about your specific situation before making any big decisions.

Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations

I’m not the only one looking for some extra vitamin D these days 🌞⛅️🕶️

🚀Ready to buy your first home?

Make it happen with the Tax-Free First Home Savings Account! With up to $8,000 in annual contributions and a lifetime limit of $40,000 per person, you can save for your dream home with tax-deductible funds and withdraw them tax-free when you're ready to purchase.

Here’s what you need to know:
• Contributions up to $8,000 annually and a lifetime limit of $40,000
• Tax-deductible contributions and tax-free qualifying withdrawals
• Funds can be transferred to an RRSP or RRIF, with taxes due upon withdrawal
• Withdrawals must meet certain criteria to be non-taxable
• Account must be closed after 15 years
Start saving now and make your first home purchase a reality!

House prices have dropped but rates are up, does it still make sense to buy? This quick comparison shows that it’s actually costing you less monthly now than it did last year. Not to mention the savings in Land transfer tax.

Timing the market is hard to do, so if the numbers make sense from a budgeting perspective it might be better to act now than wait. If the last couple of years have taught me anything, it’s that we really are bad at predicting the future.

The best Kombucha around and a great alcohol free option when you'd like a treat! This is made with a special scoby (jun) that eats honey rather than sugar, so of course it's near and dear to my heart being a bee girl!

KMK Living Inc. Fermented Sparkling Beverage Brewery. Handcrafted Jun kombucha, Classic Kombucha & Water-Kefir

Entrepreneurs... Can you fund your retirement from your corporation? That's a question answered in this very informative video by the one and only Ed Rempel

Using Your Corporation As Your Retirement Fund ♦Using Your Corporation As Your Retirement Fund♦Can you fund your retirement from your corporation?That’s the question I answer in my latest video specifical...

Great advice on future planning!

Why Most Financial Plans Fail – Ed Rempel Many people who work with us to figure out their retirement plan, have created a financial plan before. You can get a financial plan from a bank, online methods, financial advisors or fee-only financial planners, but often these financial plans fail. They do not give you the life you want. In my lat...