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

The Nowik Mortgage Team

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Canada
Nanaimo, BC
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.

04/30/2026

Homeownership in Canada looks different than it did a few years ago - and buyers are adapting!

Creative strategies are helping more Canadians get into the market: co-purchasing with family, friends, or partners as well as mult-generational living is on the rise.

Buying with others comes with important considerations - ownership structure, shared mortgage responsiblity, credit impact, and an exit strategy for all parties need to be part of the conversation before you sign your mortgage.

The right structure makes all the difference. A licensed mortgage professional such as a mortgage agent/broker can help structure your mortgage so homeownership works for everyone involved, today and in the future!

📞Drop us a message to get started!

04/28/2026

For many homeowners, refinancing is an opportunity to adjust their mortgage to better fit their current financial situation.

A refinance can be a great option if you're looking to consolidate higher-interest debt, fund renovations, access equity for investments, or to adjust monthly payments. It can also be a useful strategy if your mortgage is coming up for renewal and you want to access available equity without the threat of payout penalties.

Like any mortgage decision, the right approach depends on your full financial picture, including your home’s value, current mortgage terms, and long-term plans. Working with a licensed mortgage agent (broker) helps ensure you understand the full range of options available before making a decision.

💡 Connect with us today to explore whether a refinance could support you in your financial goals.

04/24/2026

Myles and Shelby went above and beyond to help us to secure a mortgage for our new home. They have my highest recommendation.

04/23/2026

Before exploring potential homes or placing an Offer To Purchase it’s worth taking time to understand your financial picture and the mortgage financing available to you.

Speaking with a mortgage agent (broker) early in the process will help establish: a realistic budget, down payment options, and how factors such as the stress test, condo fees, and closing costs may affect your purchase.

It also gives you time to prepare documents, explore lender options, and get pre-approved so when the right home appears, you’re ready to move with confidence. A little preparation upfront can make the buying process smoother and help avoid surprises later.

📞 Set yourself up for a stronger buying experience - connect with a licensed mortgage agent (broker) before you start house hunting!

04/20/2026

We're here for your commercial financing needs. Whether you're acquiring new property, refinancing existing assets, expanding your business, or exploring investment opportunities - our experienced commercial team is ready to support you every step of the way. We understand each scenario is unique, and we tailor our approach to meet your needs.

🏢 Ready to unlock your business’s potential? Let’s connect and turn your vision into reality.

04/16/2026

Life changes, and so do our financial needs. Maybe your household income has increased and you’re looking to pay off your mortgage faster. Alternatively, a job loss, illness, or new family member might prompt the need for a more manageable payment schedule.

Whatever the changes, we’re here to help! We work to understand your situation, and assist you in navigating your options - mid-term or at renewal.

Unlike the banks, we have access to numerous lending options which means you have the added value of choice, as well as an increased chance of getting approved.

➡️ Contact us today to get started!

04/14/2026

Congratulations! You've been approved for a mortgage :) Now let's make sure you are ready for a smooth closing experience. Make sure of the following between approval and funding day:

➡️ Update any expried identification
(recently married? make sure you've updated your surname if applicable)

➡️ Be sure to add your lender to your home insurance policy

➡️ Ask your solicitor in advance about title insurance for you (not just the lender; yes, it's a seperate charge).

Small details like expired identification, insurance updates, or title issues can create unexpected delays if they are not addressed early. The good news is that most closing delays are preventable with the right preparation and communication.

A smooth closing usually comes down to preparation, clear communication, and having the right professionals guiding the process. Working with a licensed mortgage agent (broker) helps ensure these details are handled well before closing so the process stays on track.

📞 If you’re planning to buy this year, connect with us now so you know exactly what to expect before closing day arrives.

04/13/2026

A Capital Gain occurs when a property sells for more than what was originally paid. In Canada, your primary residence is exempt from Capital Gains Tax, but if you're selling an investment property, vacation home, or rental unit, a portion of this profit is taxable.

💡The taxable amount is 50% of the gain, which is added to your income for the year of sale.

Understanding capital gains is important when buying and selling real estate, especially for investors and those considering refinancing or leveraging equity for future purchases.

Be sure to hit the button for the best mortgage industry education and insights.

04/10/2026

Some mortgages allow you to transfer your existing rate and terms to a new property - no penalty. It's called portability, and it can save you significantly if your rate is favourable or market conditions have shifted.

Not all mortgages offer it and the details vary by lender. That's why looking beyond the headline rate matters - features like portability, flexibility, and penalty structures can make a big difference when your plan(s) change.

We help you see the full picture, not just the rate. Connect with us today for your free mortgage review!

04/08/2026

Many Canadians secured their mortgages during the peak rate environment of 2023 to 2024. As rates shift and balances change, it may be worth reviewing your mortgage before renewal.

In some cases, even after factoring in penalties, refinancing can improve cash flow or better align your mortgage with your current goals.

Waiting for your renewal notice means waiting for fewer options. Reviewing your mortgage early gives you the opportunity to explore restructuring, switching lenders, or staying put with confidence.

Mortgage planning should evolve as your life does.

📞 If it has been a while since your last review, connect with us today to see what options may be available to you now.

Address

Nanaimo, BC

Opening Hours

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

Website

https://nowikmortgage.ca/

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