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Tom Fisher Real Estate

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Victoria, BC
Tom Fisher Real Estate

Tom Fisher is a Real Estate and Mortgage Professional serving the Greater Victoria region.
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Tom Fisher is a Real Estate Agent and Mortgage Professional serving the Greater Victoria region. In terms of real estate, Tom brings to the table a multifaceted approach. As a mortgage broker with years of experience in the financial industry, and who has assisted hundreds of families, he became aware there were certain aspects of the real estate experience that were often overlooked or lacked a f

ocus on customer care. Having always had an interest in the market, Tom decided that expanding into real estate offered the perfect opportunity to use his expertise to the advantage of his clients. For Real Estate Inquiries: [email protected]
For Mortgage Inquiries: [email protected]

06/29/2023

Tips For First-Time Homebuyers! 🏡

Tip 1: Get pre-approved for a mortgage! It shows sellers you’re serious and helps you know your budget.

Tip 2: Don’t skip the home inspection! Uncover hidden issues and protect your investment.

Tip 3: Consider your future needs! Don’t outgrow your home too soon.

Tip 4: Stick to your budget! Don’t overspend and stress your finances.

Tip 5: Do your research and get professional help! Knowledge and guidance are key.

If you have any questions please don’t hesitate to reach out

01/25/2023

The Bank of Canada has increased the overnight lending rate by 0.25%. This will take the overnight rate from 4.25% to 4.50%.

What does this mean?

♦️The Prime rate will be adjusted from 6.45% to 6.70%.

♦️For those with a variable rate mortgage or line of credit you will see an increase to your monthly payment by approximately $15 per month for every $100,000 borrowed.

♦️If you are in a fixed rate this will not affect you.

In positive news, The Bank of Canada has said it expects to hold the policy rate at its current level while it assesses the impact of the cumulative rates increases, which could be a signal we may be at the tail end of this. We are also seeing downward pressure on the fixed rate market and hoping this will continue to decline through 2023.

While todays rate increase was expected, it can be stressful to know what the best plan of action is for you and your family.

If you have any questions about your current mortgage please don’t hesitate to reach out I would be happy to help!

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

01/09/2023

Victoria Market Stats - December 2022

🔻A total of 320 residential properties were sold in the Victoria Real Estate Board region this December.

🔺There were 1,688 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2022.

🔺The median home selling price increased to $1,283,600

If you’d like to know more about the current market conditions get in contact with me! I’d be happy to answer your questions!

Full report here: https://www.vreb.org/current-statistics .tab=0

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

12/07/2022

If you already haven’t heard the Bank of Canada has increased the overnight lending rate by 0.50%. This will take the overnight rate from 3.75% to 4.25%. This represents the 7th increase we have seen in 2022.

🔸The prime lending rate will be adjusted from 5.95% to 6.45%.

🔸If you are in an adjustable variable rate mortgage your payment will be increased $30 for every $100k borrowed

🔸If you’re in variable rate mortgage with a static payment your payment will not change, but you may be close to or at your Tigger rate. This is when a portion of your monthly payment will no further be going towards principal and all towards interest. In this case, you may have to increase your monthly payment, or make a lump sum payment to reflect the rate increases to keep your amortization schedule on track.

🔸The good news is the Bank of Canada has suggested they are considering no further rate increases going forward into 2023, which is the first time they have suggested this. This could signal we are at the tail end of any further rate increases.

If you have any questions about your variable rate mortgage, or need any further clarification please don’t hesitate to reach out.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

12/05/2022

11/24/2022

Are you looking to buy a home in the Greater Victoria Region? Let me help you find your dream home!

Get in contact with me today to start your home buying journey.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

11/11/2022

Join me on Saturday, November 12th for a viewing of this band new custom-built home in a new subdivision by Laval Developments. Open house from 12pm - 2pm

Listed by:

📍3582 Delblush Lane, Langford
Offered at $1,448,888
5 Bed | 3 Bath | 2,636 sq. ft.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

11/03/2022

October Market Recap for Greater Victoria.

Contact me if you have any questions about the current market conditions.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

Full market report here: https://www.vreb.org/current-statistics .tab=0

10/29/2022

Join me tomorrow (Oct 30) for a viewing of this custom designed 2 bedroom, 2 level southwest corner penthouse with beautiful views of the ocean. Open house from 11am-1pm!

📍10-9667B First St, Sidney BC
Offered at $1,199,900
2 Bed | 2 Bath | 1,230 sq. ft.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

10/28/2022

Join me this Saturday (Oct 29) for a viewing of this nearly new townhome! Open house from 11am - 1pm!

📍21-1027 College St, Duncan BC
Offered at $599,000
3 Bed | 3 Bath | 1,524 sq. ft.

Britton Real Estate Group

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

10/12/2022

Victoria Market Stats - September 2022

🔻A total of 410 properties sold in the Victoria Real Estate Board region this September.

🔺There were 2,300 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2022.

🔺The benchmark value for a single-family home in September was $1,364,200.

If you’d like to know more about the current market conditions get in contact with me! I’d be happy to answer your questions!

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

09/15/2022

SOLD!
📍804-707 Courtney Street
2 Bed | 2 Bath

Congratulations to my wonderful clients on the purchase of their new condo located in the Falls building. I am extremely happy for you and your family!

🏠If you’re thinking of buying or selling, please don’t hesitate to reach out. I am always happy to help.

———
📲 250-507-0008
📧 [email protected]
🖥 tomfisherrealestate.ca

09/07/2022

The Bank of Canada increases rates 📣

The Bank of Canada announced this morning that they will be raising the overnight rate by 0.75%. This will take the prime lending rate from 4.7% to 5.45%

🔸For variable rate mortgage holders with adjustable payments, your monthly payment will be adjusted $40/mnth (per $100,000 of mortgage amount)

🔸For variable rate mortgage holders in a static payment, no change will be made to your payment, but you may be reaching your trigger rate. This is when your monthly payment amount going towards principal has decreased and your total payment may be going all towards interest. If this is the case, your lender may contact you to adjust your payment to account for the increase in rates.

The Bank of Canada has mentioned this could be the last large increase we see for a while depending on inflation numbers. Meaning they may stay put, or we could potentially see another small increase in October. We will have to wait to see how the economy responds over the next few months.

📲 If you are a variable rate client, and have any questions, please don’t hesitate to reach out. I would be happy to help!

09/05/2022

Back from a great weekend with the fam, but missing my other girl while she’s off playing hockey in Pittsburgh

07/24/2022

My hockey star and my birthday girl. Proud dad

07/13/2022

The Bank of Canada has surprised us and made an increase to the overnight rate by 1%. This is the biggest increase since 1998.

The central bank’s decision for such an aggressive increase is to try and curb inflation to a more stable environment of 2%.

What does this mean for borrowers?

🔸This means the prime lending rate will increase from 3.7% to 4.7%

🔸Adjustable rate mortgages, monthly payments will increase by approximately $56 for every $100k borrowed.

🔸If you’re in a variable rate product with a static payment your monthly payment will not change, but more will go towards interest, and less towards the principal.

🔸For fixed-rate mortgage holders, this has no impact on you!

🌟Before you panic and lock into a fixed rate which could almost double your rate, and increase your mortgage payment even more, talk to your mortgage professional, and do the math before making any rash decisions.

If you have any questions feel free to contact me!
📲 250-507-0008
📧 tom@tribecamortgages

06/24/2022

SOLD!

📍415-2710 Jacklin Rd

Congratulations to my amazing clients on the purchase of their new home. I am extremely excited for you and your family. Thank you for allowing me to assist you!

If you are thinking of buying or selling, please feel free to contact me. I would be happy to help. 📲

06/10/2022

SOLD!
📍 104 - 1055 Hillside Ave

What a great way to start off the weekend! Congratulations to my clients! Thank you for giving me the opportunity in assisting you with the sale of your home.✨

06/03/2022

JUST LISTED 🏠
📍 104 - 1055 Hillside Ave
1 Bed | 1 Bath | 685 sq ft

✨Offered at $425,000

Excellent location near Quadra and Hillside! Close to all amenities and Hillside Mall. This 700 sq ft bright, spacious 1 bed,1 bath ground level condo has in-suite laundry, gas fireplace, secured underground parking, extra storage and a walk-out patio to BBQ and enjoy your summer evenings. Kitchen includes an open concept breakfast bar with an abundance of cabinet space. Large bedroom features a separate entrance to the 4 piece bathroom. This well-kept building, allows pets and some rentals.

Contact me today for more information about this unit!
___

📧[email protected]
📱250-507-0088

06/03/2022

It’s OFFICIAL!! 📣

I would like to announce that I am now a licensed realtor!

I am excited about this new venture and want to thank all my clients, family, and friends for all their continued support!

To all my amazing clients, I will continue to offer my mortgage broker services, alongside my new services as a real estate agent.

If you are thinking of buying or selling please don’t hesitate to reach out! 📲

04/08/2022

How you can keep your existing property & buy another:

🔸First step, we need to find out your current property value. You can do this two different ways.

You can talk to a real estate agent to get a general idea of what your home could sell for with a current market analysis, or hire an independent appraiser who will provide you with the current market value. Once we find out that value, we can calculate how much equity we could access from your home.

You can borrow up to 80% of the current market value of your home. For the purposes of refinancing this can be used for paying out debts or car loans to help you qualify. This can also be used for the down payment.

🔸LOOKING AT YOUR NEXT PROPERTY

The down payment will form 5% to 20% of the market value of the property.

A common question at this stage is, how can I qualify to carry two mortgages?

🔸RENTAL INCOME

You may be moving out and converting your current property to a rental. Lenders will allow us the current market rents on what that property would rent out for. This will help you cover or reduce your total debt on that property to help qualify for your new purchase.

🔸RECAP

🔺Look at our current situation and how much money we can borrow from your property.
🔺Consider doing a refinance if you need to access money.
🔺We look at future properties within our qualification and we use rental income to assist us in qualifying.
🔺Make sure that your fully pre-approved to go shopping.
🔺Go make an offer on a new home.

You don't always have to do a refinance because you might have some savings, but if not we can look at accessing the funds by doing a refinance

📲 If you want to find out more about how to access your home equity, how to invest in real estate, or to look at different opportunities, feel free to contact me.

03/16/2022

It brings me great joy to be able to help my clients throughout their journey of home ownership. 🙏🏼

Marshall, thank you for your kind words and trust in me. It has been such a great pleasure to work with you! ☺️

As a mortgage expert, I strive to prioritize the financial needs of all my clients, with their best interests in mind. Feel free to send me a message if you have any questions on how to get started on getting pre-approved for your next home. 📲

02/23/2022

Looking to purchase a property with less than 20% Down? What Credit Score Will You Need?

To get a mortgage in Canada with less than 20% down, you will need a specific credit score. Lenders and insurers (e.g CMHC, Sagen) will typically want to see a credit score of 680.

🔹 What if your credit score is below 680?
There are still options available and some lenders will accept lower credit scores in certain situations. The minimum credit score you would want when applying for a mortgage with less than 20% down would be a 600.

This is based on a scale with Equifax and not TransUnion.

🌟Keep in mind that quick credit check applications that you can download on your phone can be misleading and often times false.

🔹 It's beneficial to have multiple forms of credit. Most lenders and insurers want to see a minimum of 2 active trade lines. This could be in the form of a credit card, a personal loan, a car loan, or a line of credit, or a cell phone. If you are rebuilding credit, make sure you have a minimum of 2 active trade lines, and pay all of your payments on time. This is crucial.

🔹 So, keep in mind, that if your credit score is below 680 there are some quick ways to improve it and there are still options available.

Have more questions? Contact me to chat more 📲

02/09/2022

✨Quick tip✨

Did you know that you can purchase more than 1 property with as little as 5% down?

How? As long as you are moving into the property you can put as little as 5 % down.

🔹Step 1: Buy the first property with less than 20% down, live in it for a year, rent it out.

🔹Step 2: Use some of your cash savings, or look at refinancing your existing property, pull out some equity, and buy another property and move in.

🔹Step 3: Repeat, as long as you are moving into the property and can qualify you can continue to do this.

I get a lot of clients thinking this option is only available for first time home buyers, and the answer is no its not!

Have more questions on how to make this an option for you? If so, contact me and I would be happy to help 📲

01/25/2022

The market consensus on the mortgage rate forecast in Canada is for the Central Bank to increase mortgage interest rates in 2022..

The main tool we have when reading the current mortgage rate market is the Government of Canada Bond Yield. The Canadian bond is essentially a government debt security that pays a return to an investor. The ‘%’ based return is called the ‘yield’ and it is considered to be one of the safest investments because the Government would have to go bankrupt, in order for it not to pay its investors.

The Government of Canada 5 year Bond Yield factors in all known economic data on a day to day, and even a minute to minute basis. Simply put – when the market/ bond traders think that the Central Bank of Canada will increase rates, the Bond Yield increases. When the Bond market thinks the Central Bank rate will decrease, then the yield drops. In other words, the Bond yield trades, or is priced in anticipation of where the Central Bank of Canada rates will move. The Central Bank of Canada makes its rate decisions, based on the status of the economy.

Currently, the Canadian Bonds are priced in anticipation of a 1.25% increase in rates in 2022. However, the Bond yield at the time of writing is down from an October 2021 high of 1.51%. The trend seems to be downwards, however, there will likely be volatility in this yield in early 2022 as the market digests and prices in a huge amount of economic data.

As of January 2022, in Canada, it appears we are heading into another round of COVID lockdowns. While these lockdowns could be short-lived, they also might not be. Either way, this will have an unfortunate negative economic consequence, which is supportive of lower interest rates. As a rule of thumb, a slower growing economy means lower rates. So the Bank of Canada will be careful about not raising rates too fast or by too much, especially as we are still in a pandemic – let alone feeling economic after-effects of it.

📧 If you have more questions about the forecast of the market for 2022, please get in contact with me! I am happy to discuss any questions and concerns you may have.

12/28/2021

#17 Proud Dad!

12/23/2021

Thank you to all my clients for all their support this year. Wishing everyone and their families a Merry Christmas and a Happy New Year 🥂✨

Address

1321 Blanshard Street
Victoria, BC
V8W0B6

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://tomfisherrealestate.ca/

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Videos

Join me Saturday August 19th for a viewing of this stunning one bedroom condo in the heart of Oak Bay! Open house from 11am-1pm! 📍204 - 1515 Redfern St Offered at $560,000 1 Bed | 1 Bath | 503 SqFt See you there! ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca #victoriarealestate #yyjrealestate #victoriabc #oakbayrealestate #OakBayVictoria

Join me Saturday July 22nd for a viewing of this spectacular coastal modern custom 5 bed, 4 bath home in The Rise on Maple Bay. Open house from 12pm-2pm! 📍10 - 1060 Shore Pine Close, Duncan BC Offered at $1,480,000 5 Bed | 4 Bath | 3,219 SqFt See you there! ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca . . . . #victoriarealestate #yyjrealestate #victoriabc #bcrealestate #vancouverislandrealestate #yyjrealtors #realestatebc #yyjbusiness #victoriacondo #vancouverislandrealestate

Tips For First-Time Homebuyers! 🏡 Tip 1: Get pre-approved for a mortgage! It shows sellers you’re serious and helps you know your budget. Tip 2: Don’t skip the home inspection! Uncover hidden issues and protect your investment. Tip 3: Consider your future needs! Don’t outgrow your home too soon. Tip 4: Stick to your budget! Don’t overspend and stress your finances. Tip 5: Do your research and get professional help! Knowledge and guidance are key. If you have any questions please don’t hesitate to reach out

New listing ✨ Central location, close to all shopping and amenities, nice private back yard with open concept living in this 3 bedroom 3 bathroom home. Contact me today for more information! 📍2727 Winster Rd Offered at $949,900 3 Bed | 3 Bath | 1,890 sq. ft. ——— 📲 tel:2505070008 📧 mailto:[email protected] 🖥️ http://tomfisherrealestate.ca

Victoria Market Stats - December 2022 🔻A total of 320 residential properties were sold in the Victoria Real Estate Board region this December. 🔺There were 1,688 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2022. 🔺The median home selling price increased to $1,283,600 If you’d like to know more about the current market conditions get in contact with me! I’d be happy to answer your questions! Full report here: https://www.vreb.org/current-statistics#gsc.tab=0 ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca

November 2022 Market Stats for Greater Victoria. Contact me if you have any questions about the current market conditions. ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca . . . . #victoriarealestate #yyjrealestate #victoriabc #bcrealestate #vancouverislandrealestate #yyjrealtors #realestatebc #yyjbusiness #victoriacondo #vancouverislandrealestate

Are you looking to buy a home in the Greater Victoria Region? Let me help you find your dream home! Get in contact with me today to start your home buying journey. ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca

Join me on Saturday, November 12th for a viewing of this band new custom-built home in a new subdivision by Laval Developments. Open house from 12pm - 2pm Listed by: @hardipjohalrealty 📍3582 Delblush Lane, Langford Offered at $1,448,888 5 Bed | 3 Bath | 2,636 sq. ft. ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca

Join me tomorrow (Oct 30) for a viewing of this custom designed 2 bedroom, 2 level southwest corner penthouse with beautiful views of the ocean. Open house from 11am-1pm! 📍10-9667B First St, Sidney BC Offered at $1,199,900 2 Bed | 2 Bath | 1,230 sq. ft. ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca

Join me this Saturday (Oct 29) for a viewing of this nearly new townhome! Open house from 11am - 1pm! 📍21-1027 College St, Duncan BC Offered at $599,000 3 Bed | 3 Bath | 1,524 sq. ft. Britton Real Estate Group ——— 📲 250-507-0008 📧 [email protected] 🖥 tomfisherrealestate.ca

Thank you for your kind words! I’m happy I could help you in selling your home!———📲 250-507-0008📧 [email protected]🖥 tomfisherrealestate.ca

New Website Is Launched!🔥 I’m extremely excited to announce that my new real estate website is live! Link in bio to check it out: Tomfisherrealestate.ca . . . #victoriabc #yyjrealestate #victoriarrealtor #bcrealtor #vancouverislandrealestate #newwebsite #yyjrealtors #yyjbusiness #vancouverislandrealtor #victoriarealestate

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Tom Fisher | Mortgage Broker

Born and raised in Victoria, and currently raising his two Daughter’s along with his Wife here, Tom has deep family roots on the island. Family is the utmost importance to Tom. If he’s not spending time with his whole family, he is watching his Daughter play hockey. He grew up playing hockey himself and is passionate about the sport and loves sharing the same passion with his Daughter.

Aside from spending time with his family, Tom loves working with his clients. He is extremely passionate about helping people reach their financial goals and providing them with a level of service above and beyond their expectations. Assisting people in achieving home ownership is something he takes great pride in and is truly the most rewarding aspect of his career a mortgage broker.

Having helped run his family business for years, Tom has an eye for investment opportunities and financial advancements. His entrepreneurial background gives him an edge amongst other specialists in the area. Tom’s ability to stay organized and financially assist his clients is an added benefit to his services. Finding your perfect mortgage with Tom is a stress-free and enjoyable experience and he looks forward to helping you achieve your home-buying wishes.