Trusted mortgage services
Your Squamish mortgage broker
New townhomes, family homes and mountain views on the Sea to Sky. We compare over 50 lenders for you.
- 5-yr fixed
- 4.89%
- 5-yr variable
- 3.70%
Updated Oct 25 · on approved credit · Compare to bank rates
Mortgages for Squamish homes
Squamish sits at the head of Howe Sound on the Sea to Sky Highway, between Vancouver and Whistler. Garibaldi Highlands and Brackendale have family homes on larger lots, Valleycliffe and Hospital Hill are established neighbourhoods, and Downtown Squamish and the newer areas around it have condos and townhomes.
Many Squamish buyers work remotely, run their own businesses or commute. We compare banks, credit unions and specialist lenders, and we know how lenders look at self-employed and seasonal income.
What Squamish buyers ask us about
Self-employed and seasonal income
Lenders usually average two years of self-employed income and look for a steady history in seasonal work. Our self-employed income calculator shows what a lender is likely to use.
New construction
Squamish has a lot of new townhomes and condos. Buyers of newly built homes may qualify for a 30-year insured amortization and BC's newly built home exemption from property transfer tax.
Second homes
Buying a weekend or vacation home? Down payment and qualifying rules differ from a home you live in full time. We explain your options.
How it works
Your Squamish mortgage in 3 steps
We do the shopping, you get the keys
Schedule a consultation- Step 1: Easily apply online in 5 minutesWith some simple questions, we build your profile and match you with mortgages that fit it. No cost to you for most mortgages, and no obligation.
- Step 2: We compare 50+ lenders to find the right mortgage for youWe compare rates and features from 50+ lenders and give you transparent options. Your options side by side: rate, penalties and flexibility.
- Step 3: Approved, with human supportFrom approval to closing, you have an advisor who gives you clear, transparent advice about your mortgage. Nick stays with you from approval to keys.
Frequently asked questions
You have questions — we have answers!
Squamish mortgage questions
Can I qualify with seasonal income?
Yes, if you can show a steady pattern, usually at least two years in the same type of work. Lenders average your income over the year using your tax returns and Notices of Assessment, and a letter confirming you are returning next season helps. Some lenders also count employment insurance you collect regularly in the off-season, while others don't, so we choose a lender whose rules fit your work.
Do I need 20% down for a second home?
Not always, but most second-home and vacation-property mortgages need more down than a principal residence, and renting it out makes a difference. Tell us how you plan to use the property and we show you what is possible.
What is the newly built home exemption?
It is a BC property transfer tax exemption for newly built homes, and you don't need to be a first-time buyer. Canadian citizens and permanent residents buying a new home to live in pay no property transfer tax on a home worth up to $1,100,000, with a partial exemption up to $1,150,000. You must move in and live there as your principal residence. Our closing cost estimator shows whether you might qualify.
Can I rent out a Squamish home short term?
Plan on it being limited to your own home. Unlike Whistler, Squamish is covered by BC's principal residence requirement, which generally limits short-term rentals to the home you live in plus one secondary suite or laneway home on the same property, not a separate investment property. The District and your strata can add licensing and stricter rules, so check what is allowed at the specific address before you count on nightly income.
Can I qualify if I work remotely?
Yes. If you are a salaried employee, lenders look at your employment letter and pay stubs as usual, wherever your employer's office is. If you work for an employer outside Canada or are paid as a contractor, lenders look more closely, and contractors are usually treated as self-employed, with two years of tax returns and Notices of Assessment. Tell us how you are paid up front and we choose a lender that fits.
Today's rates
Our rates vs the banks'
We shop 50+ lenders, so the rate you're offered isn't limited to one bank's rate sheet. Updated Oct 25.
Apply for your mortgage in minutes
Everyone's rate is different. What's yours?
Our job is to find you a competitive rate and terms that fit. Your rate qualification depends on certain factors, such as credit score and home equity, as per Canadian regulations. Get your details fast — there's no cost and no obligation.
- Current variable mortgage rate
- 3.70%
- Current prime rate
- 4.45%
| Term | Bank posted | Our rates | Action |
|---|---|---|---|
| 6 Months | 5.54% | 5.09% | Get this rate: 6 Months |
| 1 year fixed | 5.49% | 4.79% | Get this rate: 1 year fixed |
| 2 year fixed | 5.39% | 4.59% | Get this rate: 2 year fixed |
| 3 year fixed | 6.05% | 4.69% | Get this rate: 3 year fixed |
| 4 year fixed | 5.99% | 4.84% | Get this rate: 4 year fixed |
| 5 year fixed | 6.19% | 4.89% | Get this rate: 5 year fixed |
| 7 year fixed | 6.40% | 5.09% | Get this rate: 7 year fixed |
| 10 year fixed | 6.80% | 5.09% | Get this rate: 10 year fixed |
| 5 year variable | No bank rate | 3.70% | Get this rate: 5 year variable |
Bank posted rates are the big banks' posted rates published by the Bank of Canada (1, 3 and 5 years) and by Dominion Lending Centres (other terms). Some conditions may apply. Rates may vary from province to province. Rates subject to change without notice. Rates change often and depend on your down payment, credit and property; on approved credit (O.A.C.). E.&O.E.
Contact us
Have a question about your mortgage?
Contact info
Call, email or send us a message. We negotiate with over 50 lenders to find the right mortgage for you.
- Our location525 W 8th Ave #800, Vancouver, BC V5Z 1C6
- Phone number778-838-8005
- Email addressinfo@coastalblue.ca