conlanfinance

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

National home sales jumped 5.5% m/m in May as new listings edged down and the Home Price Index (HPI) was down a meagre 0.1% m/m. - Dominion Lending Centres 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...

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