There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. With over 2 billion dollars in mortgages funded, Team RRP is a group of professional mortgage brokers in Vancouver specializing in both residential and small commercial mortgage financing.

While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies … offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.

Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.

Powered by Dominion Lending Centres (DLC), we are Mortgage Broker Institute of BC certified and members of MBABC and CMBA. Together, our team has funded more than $2 billion in mortgages. We’re trusted advisors and here to help with your mortgage financing needs.

We Offer a Variety of Mortgage Lending Options

Whether you’re a first-time homebuyer looking to break into the real estate market in Vancouver, are looking to invest in a recreational property, or want to refinance to use some of your home equity to pay for your child’s education or do a renovation, we have options that enable you to make the right mortgage choice for you and your family.

With the new mortgage rules in Canada coming into effect in January 2018, it’s more important than ever to understand your options and have an experts help you navigate the application process.

Download Our Exclusive Mortgage App

Our app provides you with useful tools to help plan your mortgage. Whether it comes to determining your mortgage payments, affordability, income required to qualify or closing costs, our app has what you need.

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Let us help guide you home!

Through our dedication, long-lasting relationships with our clients, and ongoing education we have funded over 2 billion dollars in mortgage volume over the years.

That’s experience you can trust!

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What Our Clients Have to Say

“You’ve been so helpful and infinitely patient: thanks again for taking the time to clarify everything, and for helping to make this a somewhat less anxious experience for us first-time, new home buyers!” – J.W.

“Our mortgage experience with Team RRP was exceptional and if we are ever in need of a mortgage again we would most certainly use your services.” – E & L

“It is always stressful buying property, & never more so than when you are buying overseas. How fortunate we were then to have the services of Team RRP, who were knowledgeable, professional & efficient, all the while maintaining a friendly & personal approach. Anyone looking for sound advice from a financial firm – look no further! We recommend Team RRP without reservation, & would not hesitate to work with them again.” 

“I felt like an experienced guide was leading me through the mortgage labyrinth. I appreciated how you explained everything and how you mapped out my next steps. I like knowing my next steps!” – L.W.

Vancouver Mortgage and Real Estate Market

The Vancouver mortgage and real estate market is consistently a hot topic in BC’s lower mainland. As always Team RRP stays up-to-date on our market research to be able to best advise our clients on relevant news and trends. 2018 saw federal changes to mortgage rules across the country – which has a resulted in a slight ‘cooling’ of most Canadian cities markets including Metro Vancouver’s red-hot market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,929 in August 2018, a 36.6 percent decrease from the 3,043 sales recorded in August 2017, and a 6.8 percent decline compared to July 2018 when 2,070 homes sold.

While buyers today have more options to choose from, as of January 1, 2018, new mortgage rules for homebuyers or those refinancing including passing a ‘stress test’ where applicants must qualify for 2 percent higher than the interest rate given to them – is also impacting the ability to buy in this ‘Buyers Market’.

Team RRP continues to monitor Vancouver’s mortgage and real estate market. You can find all the latest news and up-to-date mortgage rates here on our website.

About Vancouver

Vancouver is located in the southernmost point of Canada’s West Coast. With the ocean to its West and mountains to the North – picturesque views and outdoor activities, such as hiking, skiing, sailing, are aplenty! One of the warmest cities in the ‘Great White North’, Vancouver experiences 4 very distinct seasons, with a very mild winter and little snowfall and warm but comfortable summers.

Canada’s 3rd largest metropolitan area, Vancouver is the densest, most ethnically diverse cities in the country.  With a growing tech hub and a popular location for filming, Vancouver attracts an international community in both business and tourism.

If nature isn’t your thing, Vancouver boasts an extensive arts, theatre, and culinary scene, hosts fantastic art galleries and museums including the Museum of Anthropology.

For more information about Vancouver visit the city’s website.

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Why you should use a Vancouver Mortgage Broker

Purchasing a home is likely to be one of the largest financial commitments a person will make in their lifetime. So, it is important to have a clear understanding of all the financing options that are available to them. A mortgage broker is a licensed professional within their province, who is responsible for staying ahead of the trends and on top of all current government policies related to mortgage financing and their local real estate market.

According to Mortgage Professionals Canada, a broker is generally paid a referral fee by the lender, not by their client. Lending institutions will usually provide their best interest rates to the broker ensuring that, as the homebuyer, you don’t have to negotiate to get the best rate.

Backed by Dominion Lending Centres (DLC), Team RRP specializes in both Vancouver’s residential and small commercial mortgage financing. Providing our clients with professional unbiased advice on all their mortgage needs. Whether you are a first-time homebuyer or refinancing your home, check out our mortgage calculator and blog posts on our website for your latest Canadian mortgage rates.


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