conlanfinance

09/07/2026

Labour Day in Canada has its roots in the labour movement of the late 19th century, when workers began organizing for better wages, safer working conditions, and shorter hours. In 1872, Toronto printers went on strike for a nine-hour workday, leading to Canada’s first major labour demonstration and helping inspire the Trade Unions Act. Labour Day became an official Canadian holiday in 1894, recognizing the growing importance of organized labour and workers’ rights. Today, it is celebrated on the first Monday of September as a tribute to the contributions of Canadian workers.

09/02/2026

🏦 **BANK OF CANADA HOLDS RATES**

The Bank of Canada held its overnight interest rate at 2.25% today, as expected.

✅ No change to prime
✅ No change to variable-rate mortgages
✅ No change to most lines of credit tied to prime

**But there’s an important message behind today’s decision.**

Inflation has moved higher, while the Canadian economy has shown more strength than expected. The Bank is becoming more concerned about inflation staying elevated, which means rate cuts are no longer the obvious next move. In fact, markets are now assigning a greater possibility to a rate increase later this year.

For fixed mortgage rates, remember: fixed rates are driven more by the bond market than directly by the Bank of Canada. Bond yields have recently moved higher, which could put some upward pressure on fixed mortgage rates.

**My takeaway:** We may be entering a period where mortgage rates remain relatively stable, but the easy path toward lower rates has become less certain.

If you're buying, refinancing or renewing in the next 6–12 months, it’s worth looking at your options now rather than simply waiting for rates to fall.

📲 **Want to know which mortgage strategy makes the most sense for you? Message me.

08/01/2026

Have a great long weekend, everyone!

Brian Conlan, B.Comm
DLC Producers West
105-20171 92A Avenue
Langley, BC V1M 3A5
(604) 710-5521
[email protected]

06/16/2026

A bit of encouraging news that the market might be finally turning around.

Housing Market Regains Momentum, Providing a Strong Handoff into Summer Canada’s housing market gained meaningful momentum in May, with sales posting their strongest monthly increase of the year and leading indicators pointing to further improvement in June. After months of uncertainty, the market...

04/29/2026

The Bank of Canada held its overnight lending rate steady at 2.25% today, while warning that ongoing trade uncertainty and rising oil prices could still impact Canada’s economy.

Interest rates may move either up or down depending on whether slower economic growth or inflation becomes the bigger issue. Although Canada is working to lower costs for Canadians and expand trade beyond the U.S., the economy remains heavily tied to the American market.

For housing, this means borrowing costs will continue to depend on economic conditions — weaker growth could lead to lower rates and improved affordability, while higher energy prices may keep inflation elevated and slow future rate cuts. With the housing market already soft, major rate hikes are still seen as unlikely.

Brian Conlan, DLC Producers West
105-20171 92A avenue
Langley BC V1M2A5
[email protected]
(604) 710-5521 tel

04/23/2026

We’re starting to see more “condo rescue” scenarios across the Lower Mainland.

These are owners who purchased 3–4 years ago, and now — with softer condo values in some segments — are facing appraisals coming in below their original purchase price.

Why this matters:
At renewal or refinance, some lenders may not automatically approve the file if the value has dropped, especially with stricter guidelines around strata properties.

The good news: you’re not necessarily out of options.

There are still lenders actively working in this space, and with the right structure, we can often find a path forward — whether that’s refinancing, switching lenders, or bridging a shortfall.

If your completion is coming up in the next few months and you’re unsure where things stand, it’s worth reviewing early.

Brian Conlan, DLC Producers West
105-20171 92A avenue
Langley BC V1M2A5

(604) 710-5521
[email protected]

2025 Premiere Club (Top 10%)
2024 Sales Achievement Award
2023 Sales Achievement Award

04/09/2026

With the high cost of living we are all looking for savings in our monthly budget. As a broker, I review my client's finances and often find they are paying up to $30 a month for premium banking packages that they may not be getting full value from. While some packages can provide decent value , especially if you have a premium credit card with rewards and travel perks, more often than not I find clients aren't getting full value.

Review your usage and you may want to consider opening an account with a digital bank (EQ Bank, Neo Financial) . Many offer no fees with no minimum balances and provide higher interest than the Big 5 Banks offer. Savings could be as high as $300-$400 a year!

(information only and not intended to be an endorsement of any institution over another)

04/04/2026

Best wishes to all for a great Easter weekend!

03/19/2026

Great day at the CMP Mortgage Summit. Great to see some old bank colleagues and talk with the lenders. Excited to see BMO enter the mortgage channel in British Columbia.

03/18/2026

No surprise that the Bank of Canada left interest rates unchanged today. No change to variable rate mortgages or lines of credit. Rate cuts are unlikely this year but data dependent, especially if the Canadian economy goes into recession. Inflation numbers are the number one indicator.

Brian Conlan, DLC Producers West
105-20171 92A avenue
Langley BC V1M2A5

(604) 710-5521 tel

2023 Sales Achievement Award
2024 Sales Achievement Award
2025 Premiere Club (Top 10%)