22nd Annual Neighbourhood Garage Sale on Saturday, May 2nd Compliments of Dave, Cindy and Kimberly Walker, HomeLife Benchmark Realty! 17 homes this year, including Peace Arch Hospital Auxiliary in Walker Driveway raising over $2300.00 toward comfort care and machines. The Weinart family once again organized the Crescent United Church in their driveway raising $890.00 with a number of dollars accolated toward Ray Shepherd School Back-Pack Buddies Program supporting over 18 families! Great weather and all sellers did well selling their merchandise! All in all a successful day!

Key takeaways you should know:

• This marks another hold in 2026, as the Bank continues to wait for clearer economic direction. 

• Inflation has ticked up recently (largely due to energy prices), but remains relatively controlled. 

• Ongoing global uncertainty (Middle East conflict, trade/tariffs) is a major reason for the cautious stance. 

• The Bank signaled that future rate moves could go either way, but if things track as expected, changes should be gradual. 

Bottom line:
Rates holding steady keeps variable-rate borrowers stable for now, but the door is still open for potential increases later this year depending on inflation.

Quick Spotlight: What is Alternative Lending (Why it matters for your clients)

What is alternative lending?
Alternative (or “B” / private) lending provides mortgage solutions outside of the major banks, often with more flexible qualification criteria.

These lenders look beyond strict income and credit guidelines focusing more on equity, overall financial picture, and the story behind the file.

Who does it help?

• Self-employed clients with write-offs

• Clients with bruised or limited credit

• Those between jobs or income transitions

• Buyers who just don’t fit the bank “box” (increasingly common)

Why it’s on the rise:

• Tighter bank rules + stress test challenges are pushing more borrowers out of prime lending 

• Growth of “near-prime” borrowers - strong clients who simply don’t meet rigid bank criteria 

• Economic uncertainty is making income qualification harder for many Canadians

How it benefits your clients:

• Keeps deals alive when banks decline

• Provides short-term bridge solutions (typically 6–24 months) to get clients back to prime lending

• Offers flexibility to restructure, consolidate debt, or stabilize finances

Alternative lending isn’t a last resort anymore. It’s a strategic tool when used correctly, with a clear exit plan.