Ready to Find the Right Mortgage Solution?

Harsha Galgewela, BBA | Licensed Sr. Mortgage Broker and Planner

21+ years of experience helping Canadians and cross-border clients secure the right mortgage with integrity and transparency. Let’s make your mortgage journey seamless, transparent, and stress-free.

Tailored Mortgage & Financial Solutions For Every Stage of Your Journey

Committed to providing personalized mortgage solutions with integrity and transparency. Explore our wide range of tailored mortgage solutions. Whether you’re buying your first home or investing in commercial property, we offer expert guidance every step of the way.

Mortgage Pre-Approval

Lock in your rate and shop with confidence.
Secure a pre-approval to protect yourself against rate increases and strengthen your buying power before you start house hunting.

New to Canada

Expert support for newcomers and first-time buyers.
We’ll guide you through every step of purchasing your first home in Canada, making the process clear and stress-free.

Primary, Second & Vacation Homes

Mortgages designed for your lifestyle.
Whether it’s your first home, a family cottage, or a vacation retreat, we’ll help you find financing that fits.

Investment Properties

Build wealth through real estate.
From rental condos to multi-unit buildings, get financing tailored to your investment goals.

Mortgage Renewal

Don’t just auto-renew, explore your options.
When your mortgage term ends, I’ll help you secure the best rate and terms, not just what your bank offers.

Reverse Mortgages

Unlock home equity to support retirement with flexibility.
Tap into the value of your home to enjoy financial freedom and flexibility later in life.

Debt Consolidation & Credit Recovery

Simplify debt and rebuild financial confidence.
Combine multiple debts into one manageable mortgage payment and get back on track.

Construction Financing & Home Renovations

Build new or upgrade your current home. From ground-up projects to major renovations, we’ll provide financing tailored to your vision.

U.S. Property Financing

Buy property in all 50 states as a Canadian. Access U.S. mortgage solutions for vacation homes, investments, or relocations.

Special Programs for Professionals

Exclusive mortgage solutions for high-income professionals.
Doctors, lawyers, and other professionals can access tailored programs with flexible terms.

Commercial Mortgages & Equipment Leasing

Financing for business growth and expansion.
Get competitive solutions for office spaces, investment properties, or equipment needs.

Refinancing & HELOC (Home Equity Line of Credit)

Put your home equity to work.
Access funds for investments, education, or life goals while keeping your options flexible

Current Term Rates

Best 5-Year Fixed Mortgage Rates in BC

3.99 %

4.19%

4.61 %

4.69%

Best 5-Year Variable Mortgage Rates in BC

4.14 %

4.45%

4.53 %

4.79%

Best 4-Year Fixed Mortgage Rates in BC

4.14 %

4.49%

4.44 %

Best 3-Year Fixed Mortgage Rates in BC

4.09 %

4.39%

4.49 %

4.59%

Best 3-Year Variable Mortgage Rates in BC

4.65%

Best 2-Year Fixed Mortgage Rates in BC

4.79 %

4.54%

4.93 %

Best 1-Year Fixed Mortgage Rates in BC

5.49 %

4.99%

5.53 %

Current Prime Rate

TD

4.95 %

RBC

4.95 %

CIBC

4.95 %

BMO

4.95 %

ScotiaBank

4.95 %

National Bank

4.95 %

For the latest official rates, visit the Bank of Canada: Posted Interest Rates

21 Years of Expertise. Any Mortgage. Every Solution.

About Me

With over 21 years of experience in mortgage origination across both Canada and the U.S., I’ve helped thousands of clients secure the right financing for their homes, investments, and businesses. Ranked among the Top 1% of Mortgage Specialists in Canada for 17 consecutive years, I bring a proven track record of excellence backed by advanced accreditations in financial planning and investments.

My approach is simple: put clients first. From the first conversation to renewal and beyond, I work to make the mortgage process seamless, transparent, and stress-free. Whether you’re a first-time homebuyer, a seasoned investor, or a business owner, my goal is to provide tailored solutions that fit your unique needs.

When I’m not helping clients achieve their financial goals, I enjoy spending time with my family and caring for animals—reminders of the values of trust, dedication, and compassion that guide my work every day.

My Mission

I don’t just offer mortgages; I offer a partnership built on trust, creativity, and a deep understanding of your goals. From first-time buyers to seasoned investors, I strive to craft personalized, flexible solutions that make sense for your unique story. Whatever your needs, I’m here to ensure that your mortgage experience is seamless, transparent, and leaves you with a lasting sense of confidence and satisfaction.

My Highlights at a Glance

Client-Centered Commitment

Always put your needs first

Expertise & Integrity

21 years of residential mortgage lending experience and licensed Mortgage Broker

Long-Term Relationships

Here for renewals, refinancing & beyond

Why Choose Me

21+ years

Mortgage experties across Canada & U.S.

Top 1% Specialist

Ranked in the Top 1% of Canadian Mortgage Specialists (17 years running)

Cross - Border Expertise

Expertise in residential, commercial, cross-border, and specialized mortgage solutions

Award-Winning Service

Licensed Mortgage broker with 21 years of mortgage experience

Canadian Residential Mortgage FAQs

What is a mortgage and how does it work in Canada?

A mortgage is a loan from a bank or lender that helps you buy a home. You repay it over time in regular installments that include both the principal (the money you borrowed) and interest (the cost of borrowing).

What is the minimum down payment required in Canada?

As of December 15, 2024, the rules changed:

Homes $500,000 or less → 5% down
Homes $500,000 to $1.5 million → 5% on the first $500,000 + 10% on the remainder
Homes $1.5 million or more → 20% down

Example: On a $1.4M home, the minimum down payment is $115,000. On a $1.5M home, it’s $125,000.

Do first-time homebuyers get any incentives?

Yes! The First Home Savings Account (FHSA) lets you save up to $8,000 per year (to a maximum of $40,000) tax-free for your first home. You can also combine it with the Home Buyers’ Plan (HBP) and the First-Time Home Buyer Incentive.

What government programs help first-time buyers?

First Home Savings Account (FHSA) – tax-free savings for a down payment
Home Buyers’ Plan (HBP) – withdraw up to $35,000 from your RRSP
First-Time Home Buyer Incentive – shared equity with the government

What is the stress test?

The stress test ensures you can afford your mortgage if rates rise. Lenders qualify you at the greater of your contract rate + 2% or the Bank of Canada’s benchmark rate.

What is a fixed-rate mortgage?

A fixed-rate mortgage has an interest rate that remains the same for the term of the mortgage. In Canada, fixed mortgage rates typically track Canadian government bond yields, meaning rates tend to follow bond market movements over time.

What is a variable-rate mortgage?

A variable-rate mortgage has an interest rate that can change during the term. It usually tracks the Bank of Canada’s prime rate, so your payments may go up or down when the prime rate changes.

What is mortgage default insurance (CMHC, Sagen, Canada Guaranty)?

If your down payment is less than 20%, you must purchase mortgage default insurance from CMHC, Sagen, or Canada Guaranty. This protects the lender in case you can’t make your payments, but it also allows you to buy a home with as little as 5% down.

Is mortgage insurance refundable?

No, once it’s paid, mortgage insurance premiums are non-refundable. However, you can add the cost to your mortgage and pay it off over time instead of upfront.

What is mortgage portability?

A portable mortgage lets you transfer your existing mortgage to a new property if you move. This can save you money by avoiding prepayment penalties and keeping your current interest rate and terms.

Can I transfer my mortgage to another lender?

Yes. When your mortgage term ends, you can transfer (or switch) your mortgage to a different lender, often without penalties. This allows you to shop around for better rates and terms at renewal time.

What happens when my mortgage term ends?

When your term ends, you’ll need to renew your mortgage. You can stay with your current lender or switch to another one for a better rate or different terms.

What is refinancing a mortgage?

Refinancing means replacing your current mortgage with a new one, usually to access home equity, consolidate debt, or get a lower rate. It may involve new fees and qualification requirements.

What happens if I break my mortgage early?

You’ll usually pay a penalty, which could be three months’ interest or an interest rate differential (IRD)—whichever is higher, depending on your lender.

Can I make extra payments on my mortgage?

Yes! Most lenders allow annual lump-sum payments (typically 10–20% of the original mortgage) and/or increasing your regular payments without penalty. These prepayments can help you pay off your mortgage faster and save on interest.

Can self-employed Canadians qualify for a mortgage?

Yes. Self-employed buyers can get a mortgage, but lenders will ask for more documentation, such as tax returns, financial statements, or business bank records to verify income.

Can newcomers to Canada get a mortgage?

Absolutely. Many lenders offer special mortgage programs for newcomers with proof of income, valid work permits or residency status, and in some cases a limited Canadian credit history. These programs help new Canadians become homeowners sooner.