The Nowik Mortgage Team

The Nowik Mortgage Team Vancouver Island's premier Mortgage Planning office Since 1989. When the team was founded in 1989 the mission statement was simple.

Our process, your solution

Using a unique approach to financing our team has won Top Producer and Top Efficiency awards for Western Canada with mortgage architects year after year. Our team has also been awarded the 2013 Mortgage broker of the year (fewer than 25 employees) award for Canada and have been nominated every year since. Greg has also been awarded the MA Lifetime achievement award for

funding over 500 million in mortgages. By working as a team of committed professionals, our vision is to create relationships by consistently providing innovative mortgage planning. This mentality is why in an ever-changing industry we have and will continue to thrive. For more information on The Nowik Mortgage Team please visit our website at www.thenowikteam.com.

Shelby & Myles were incredibly helpful, patient, and supportive throughout what turned out to be a long and complicated ...
06/26/2026

Shelby & Myles were incredibly helpful, patient, and supportive throughout what turned out to be a long and complicated process. As a sole proprietor navigating a separation, there seemed to be roadblocks at every turn, but they guided me through it all and were always available to answer questions and keep things moving forward.Once we finally had the documents needed, they secured a pre-approval within just a couple of days—and with an A lender, which was an awesome surprise.I'm very happy with the service I received and would highly recommend them.

Homeownership is an amazing milestone!🏡 It's more than just acquiring a place to live; it's an investment in your future...
06/26/2026

Homeownership is an amazing milestone!

🏡 It's more than just acquiring a place to live; it's an investment in your future and a foundation for financial growth. Our visual guide highlights key stages to preparing for your mortgage financing; from clarifying your buying power and understanding down payment requirements to optimizing your credit score and budgeting.

At the center of it all is working with a Licensed Mortgage Professional, like us, to guide you through every stage. We're here to help you navigate the journey smoothly and confidently!

Clarify Your Buying Power by getting a mortgage pre-approval. This sets a realistic budget and shows sellers you're serious.

Understand Down Payment Requirements, knowing it's 5% for homes under $500,000, and up to 20% for homes over $1 million. A larger down payment can save you on mortgage insurance.

Optimize Your Credit Score as a strong score is vital for a favorable mortgage rate.

Budget for Closing Costs, which can range from 1.5% to 4% of the purchase price, covering things like land transfer tax and legal fees.

The entire Nowik team did an exceptional job in helping us secure our first mortgage. Being that we had never gone throu...
06/19/2026

The entire Nowik team did an exceptional job in helping us secure our first mortgage. Being that we had never gone through this process before, they took the time to explain the process and soothe my sometimes intense anxiety. I can't say im looking forward to the renewal process but I do feel confident that when the time comes, we will reach out to the Nowik team.

If your fixed rate mortgage was set during pandemic lows, a renewal could come with serious sticker shock. And if have a...
06/19/2026

If your fixed rate mortgage was set during pandemic lows, a renewal could come with serious sticker shock. And if have a variable rate, higher payments might already be hitting.

Here’s the good news: you do have options. Whether it’s restructuring, extending amortization, or exploring lender alternatives, working with a licensed mortgage professional means you won’t have to navigate this alone.

💬 Let’s talk about your next steps before renewal stress kicks in. Send us a message today to book a personalized mortgage review.

Breaking a fixed-rate mortgage early can come with a hefty price tag, a cost many people do not fully understand.It is c...
06/17/2026

Breaking a fixed-rate mortgage early can come with a hefty price tag, a cost many people do not fully understand.

It is called the Interest Rate Differential (IRD) penalty. It is calculated based on the difference between your current mortgage rate and today’s rate for a similar remaining term. The bigger the gap, the bigger the penalty.

This really matters when rates have dropped since you secured your mortgage. If you locked in at a higher rate and current rates are lower, that spread can lead to a significant penalty.

Many homeowners who secured mortgages in the higher rate environment of 2022 and 2023 may be surprised by how large this cost can be.
Before you refinance, switch lenders, or sell, it is important to understand the true cost of breaking your mortgage.

A mortgage agent (broker), like us, can help you estimate your penalty, explore your options, and build a plan that aligns with your financial goals.

Do not make a move without understanding the numbers first. Reach out, we are here to help.

Juggling selling your current home and buying a new one at the same time? A bridge loan is the perfect solution many peo...
06/15/2026

Juggling selling your current home and buying a new one at the same time?

A bridge loan is the perfect solution many people don't know about! It provides the short-term funds you need to close on your new home before you receive the proceeds from the sale of your old one. This gives you the financial freedom to make your next move without the stress of being caught in the middle.

If you're planning to list, relocate, or upgrade this fall, let's talk about how a bridge loan can make your transition seamless.

Send us a message to learn more!

We recently worked with the Nowik Mortgage Team to refinance our mortgage, and we couldn't be happier with the service w...
06/12/2026

We recently worked with the Nowik Mortgage Team to refinance our mortgage, and we couldn't be happier with the service we received. The process was complex and came with its share of challenges, but Myles and Shelby were there every step of the way.A special thank you to Shelby, who was absolutely amazing in helping us navigate all the paperwork and requirements. She was patient, knowledgeable, organized, and always quick to respond to our questions.Both Myles and Shelby went above and beyond to ensure everything was handled smoothly and that we understood our options throughout the process. Their professionalism, dedication, and genuine care made a stressful situation much easier to manage.We highly recommend the Nowik Mortgage Team to anyone looking for mortgage or refinancing services. Thank you both for all your hard work!

When the bank says no, we help you find the right yes.Every mortgage journey is different. Whether you’re self-employed,...
06/11/2026

When the bank says no, we help you find the right yes.

Every mortgage journey is different. Whether you’re self-employed, new to Canada, rebuilding your credit, or facing unique financial circumstances, we understand that traditional lending isn't always a fit.

That’s where working with a licensed mortgage professional (like us) makes all the difference. We have access to a wide range of lenders and flexible mortgage products designed to meet you where you are, not where the banks expect you to be.

Let’s find the solution that moves you forward. Connect with us today!

“What Can I Afford?” Isn’t a Set Number… Here’s Why:Shifting rate expectations. More borrowers exploring variable again....
06/10/2026

“What Can I Afford?” Isn’t a Set Number… Here’s Why:

Shifting rate expectations. More borrowers exploring variable again. Lenders adjusting how they assess risk and flexibility.

Affordability is no longer just about today’s rate, it’s about strategy. The right structure, timing, and options can make a bigger difference than most people think.

Whether you’re buying your first home, planning your next move, or looking at an investment opportunity, understanding your full picture is what leads to confident decisions.

💬 Don’t guess. Let’s map it out together.

New to Canada?We know it’s equal parts exciting and overwhelming. Between finding a job, setting up your finances, and s...
06/09/2026

New to Canada?

We know it’s equal parts exciting and overwhelming. Between finding a job, setting up your finances, and securing a place to live, there’s a lot to navigate.

The Government of Canada offers free resources to help you settle in, and we are here to help you prepare for homeownership.

Explore support to:
🔍 Find a job
🏥 Access health care
🗣️ Improve your language skills

When you’re ready to look at buying your first home, we can guide you through:
1️⃣ The true costs of homeownership
2️⃣ Saving for a down payment
3️⃣ Understanding your eligibility
4️⃣ What you can afford
5️⃣ Mortgage pre-approval
6️⃣ Your mortgage options, including New to Canada programs

💬 Let’s make your transition to homeownership clear and achievable. Connect with us anytime.

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Nanaimo, BC

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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