Mortgage News Articles


The Bank of Canada announced again this morning to leave their overnight rates untouched. Prime Rate also remains steady at 3%. That being said, in a recent announcement Cameron Muir from the BC Real Estate Association was quoted saying "Low mortgage interest rates are a key driver in the real estate market, this spring," added Muir "It's unlikely that mortgage rates will be at their current low levels a year from now."

To that end, having Dreyer Group pre-qualify you and securing a rate hold upfront is critical.

Please contact our office for more details:


Mortgage Broker Services Vancouver 604 669-6006
Mortgage Broker Services Canada 1-800-687-9020


Enter to Win $5000!
Submit a purchase plus improvements application through Dreyer Group Mortgages and if your mortgage funds between April 30, 2014 and November 12th, 2014, your name will be automatically entered into the draw.

What is a Purchase Plus Improvements Mortgage?

Often when homebuyers are looking for that perfect home, they come across one that almost meets that vision, but may require a little TLC.  By applying for a Purchase Plus Improvements Mortgage, a homebuyer has the opportunity to add renovation costs into the mortgage, which improves the living experience and increases the value of the home.

Please contact our office for more details or Apply Now.

Mortgage Broker Services Vancouver 604 669-6006
Mortgage Broker Services Canada 1-800-687-9020



With rates still at record lows, now is the perfect time to refinance your mortgage. With a quick call, Dreyer Group Mortgages can determine if refinancing is the right solution for you. We work with lenders across the country to find you the absolute best mortgage rate available. You can take advantage of historically low rates in a variety of ways:

Refinance your existing mortgage at a lower rate; even if you’re in a locked in rate, it may be worth paying the penalty – a simple calculation will determine the savings.

Home Improvements – upgrade, refinish, additions, painting, flooring, install energy saving systems, new appliances, roof repair, improve electrical or plumbing…have we got you thinking?

Restructure Debt – reduce high credit card debts and soaring credit interest rates.

Access Equity – to finance investments, large purchases or child’s education. Dreyer Group Mortgages can work out all the mathematics and assess if refinancing your mortgage is your best option. We negotiate, on your behalf, with the top lenders across the country.

Don’t Wait For Lower Rates

Refinancing becomes cost-effective when current interest rates are lower than your current mortgage rate. For example, if your current mortgage is $300,000, at 4.25% (5 year term), with 25 years remaining, now would be a good time to refinance at a new 5 year rate of 3.19%. Not only would benefit from a savings of approximately $168 a month, but also you would save another $11,000.00 in interest costs over the 5 year term. This strategy is lowering your interest rate and saving you potentially thousands of dollars over the life of your mortgage.

Less is More

By switching to a lower interest rate, reducing your 25-year amortization to 15 or 20 years, or increasing your mortgage payment, you can build up the equity in your home sooner, as more of your payment is applied to principle reduction. This strategy is referred to as switching or changing the term of your mortgage to accrue equity more quickly.


Example: Effect of increasing monthly mortgage payment by $150.00

Mortgage $350,000.00 @ 3.19% 5yr fixed over 25 year amortization (rate subject to change)


Initial Mortgage



Monthly Payment



Remaining amortization

20 years

16.5 years

By choosing to pay an extra $150 a month on the mortgage, your mortgage balance at the end of 5 years will have been reduced by an additional $28,650.86 and the remaining amortization will be 6.5 years. This translates into significant savings over the life of the mortgage.


Call today and our team can look at all of your options and help you make a great decision!

Mortgage Broker Services Vancouver 604 669-6006
Mortgage Broker Services Canada 1-800-687-9020






Normal 0 false false false MicrosoftInternetExplorer4








Mortgage (4.5% interest rate)



Mortgage (3.19% interest rate)**



Auto Loan 8%



Auto Loan

Paid Off


Department Store Credit Card 21%



Department Store Credit Card

Paid Off


Unsecured Line of Credit 8.25%



Line of Credit

Paid Off


Visa Card 18%



Visa Card

Paid Off


Penalty to Break Mortgage – if any



Penalty to Break Mortgage

Paid Off


Total Balance & Payments



Total Balance & Payments



/* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}


Yesterday, the BC government announced changes to the First Home Buyer’s Program, which makes home ownership a little more affordable. This program reduces or eliminates the amount of property transfer tax a homebuyer must pay when they purchase their first home. The threshold for the Property Transfer Tax exemption has been increased from $425,000 to $475,000, and a partial exemption is available for properties over $475,000.00 to $500,000.00.

What is the Property Transfer Tax?

This tax is payable to the Provincial Government by purchasers of real estate and applies to all types of real estate.

How is Property Transfer Tax calculated?

The tax is 1% on the first $200,000.00 of the property's fair market value and 2% on the remaining fair market value of the property.

Are you eligible for the Property Tax Exemption?

To be eligible, a purchaser must:

  • Be a Canadian citizen or permanent resident
  • Never have owned an interest in a principal residence anywhere in the world at any time
  • Have resided in B.C. for 12 consecutive months immediately before the date they become the registered owner, or has filed two income tax returns as a British Columbia resident within the prior 6 years of becoming the owner

For more information visit the government website, First Time Home Buyers' Program.

Or contact our office.

Mortgage Broker Services Vancouver 604 669-6006
Mortgage Broker Services Canada 1-800-687-9020




Recently, Dreyer Group Mortgages ran a contest, in partnership with the SFU Alumni Association, for an iPad mini. SFU alumni member, Kris Nordgren, was the lucky recipient of this great prize.

As an SFU Alumni Association Affinity Partner, Dreyer Group Mortgages delivers superior mortgage service and offers the best rates in the industry. This partnership helps contribute to the SFU Alumni Association, which funds scholarships and bursaries, special events, services, programming and more. For more information, please contact our office or visit SFU Alumni Association Affinity Partners.

Vancouver Mortgage Office: 604 669-6006

Surrey Mortgage Office: 604-536-3802
Canada Mortgage: 1-800-687-9020


Dreyer Group Mortgages for Best Rate Mortgage Broker in Vancouver Surrey Richmond White Rock Langley

Our Best Rates

Best Mortgage Rates Canada

5 Year Variable


5 Year Fixed Rate


7 Year Fixed Rate

3.85 %*

Apply Now to Hold Your Best Mortgage Rate

*Special Conditions May Apply. OAC Rates Subject to Change

View All Our Rates

Green Hosting

green powered web site

Corporate Office

#308 - 15252 32nd Avenue
South Surrey, BC  V3S 0R7
Telephone: 604.536.3802

(For all correspondence)

Verico Broker Network

verico broker network partner

Member AMP

think mortgage think amp

About Dreyer Group

Dreyer Group is a member of the VERICO mortgage brokers network. We can help anyone nationwide, but we primarily serve BC residents in the lower mainland including Surrey, South Surrey, White Rock, Langley, Delta, Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster and Coquitlam. Dreyer Group Mortgages can provide mortgage solutions to US residents, non-residents, new immigrants and the rest of Canada. No matter where our clients are located, we are committed to providing the best mortgage rates and options in the marketplace.

About Verico

VERICO is a national mortgage brokers network. As an assembly of independently owned and operated mortgage brokers, VERICO brokers are comprised of the most trusted mortgage professionals in Canada that adhere to the highest standards of service based on professionalism, expertise and ethics. The VERICO Mortgage Network includes over 40 of Canada's most respected mortgage lenders and insurance suppliers.
Dreyer Group Logo