vancouver’s Sights and Tastes

Alex Gattey

Account Manager

This month, we would like to shine a spotlight on a few more members of our Green Mortgage team! Without each and every person, our team wouldn’t be as wonderful, and we wouldn’t offer you all that we do. While many of you know Kyle as the face of Green Mortgage, there’s a big team behind him all working incredibly hard, and they’re the reason why GM is in the top 0.1% of Canadian brokerages.

Does your dream day involve friends, a campfire, and a cold Peroni? If so, you’d probably get on incredibly well with Alex! As our charismatic account manager, Alex loves helping people with their mortgages and financing.

He understands that the mortgage process is (let’s face it) stressful. That’s exactly why his main goal is to make the process easy and painless. As someone who helps our customers directly, we can guarantee that Alex is easy to talk to and will offer you genuine help with your queries. When asked why Green Mortgage is different from other mortgage brokers, here’s what Alex had to say: “We are experienced and diverse in our abilities. Whether you are purchasing your 1st or 15th property, Green Mortgage has the tools to help make it happen.”

Talk to Alex, or other members of our team, to get started on your mortgage now! A s an account manager, Kate is dedicated. She loves taking the weight off her client’s shoulders and supporting them to get their properties financed.

Here’s her response when asked why GM is different from other mortgage brokers: “Green Mortgage is one of the most experienced brokerages in Canada. What sets us apart? 80% of our clients are real estate investors, so the complexity of our clients’ files stands out. We work with planning their portfolios and setting them up for long-term success. Green Mortgage is a Trusted partner for Keyspire, REIN, REAG, and many other investment communities.”

Kate knows that real estate is one of the best financial investments you can make, short or long term. With her love for the industry, you’ll find yourself enjoying the mortgage process (if not enjoying, at least tolerating) in no time at all!

Here’s her final note on our company’s owner, Kyle Green himself: “Kyle Green always takes his time to make sure that his team has the knowledge and training to help the clients on a top-notch level. I really appreciate being a part of Green Mortgage!” When not found walking her dog or riding one of her many bikes you’ll find enjoying the company of her friends and family.

Kate Riabenka

Account Manager

SEPTEMBER’S INCREASE

Bank of Canada Raises Rates

With a Target Rate of 3.25%

In September the Bank of Canada (BoC) announced they were raising rates by 75 basis points, from 2.5% to 3.25%. The BoC continues to target inflation, and forecasts rates would need to rise further to get inflation to the Bank’s target of 2%.

Rate Forecast Given the BoC’s history throughout Q1 – Q3 of ’22 and their bullish statements, you should expect further rate hikes in ’22 and ’23.

Variable–Rate Mortgages If you have a variable rate mortgage or a home equity line of credit (HELOC), expect your rates and payments to rise accordingly, and budget for more rate hikes over the next 12 months.

Fixed–Rate Mortgages If you have a fixed–rate mortgage, you won’t see a change in your monthly payment until your mortgage is up for renewal, make sure you are budgeting for higher payments.

What You Need To Know We’re recommending that you buy sooner rather than later. Alongside increasing rates comes increase in demand across the housing market, and you’re probably better off if you can buy in ’22 rather than ’23.

Get in touch with our team today to discuss your options and get your game plan on before rates increase again!