Mortgage Broker in Burnaby
Burnaby is one of Metro Vancouver's fastest-transforming markets — presale towers in Brentwood and Metrotown, new multiplex zoning on residential streets, and a diverse buyer pool that spans first-timers to seasoned investors. E7 works across all of it.
Local Knowledge
Burnaby's Neighbourhoods in Detail
Metrotown is Burnaby's commercial and residential heart — a mix of established condos and a wave of new presale towers along Beresford and Bonsor. Brentwood is mid-transformation, with the town centre redevelopment bringing dozens of new towers and a changed buyer demographic. Lougheed attracts buyers priced out of Brentwood while still wanting SkyTrain access. Edmonds is Burnaby's most affordable submarket — family-oriented townhomes and ground-oriented housing.
Burnaby's new multiplex zoning has opened opportunities for small-scale developers and homeowners wanting to add density. These deals require lenders with appetite for construction-to-perm and multi-unit residential underwriting.
Burnaby Buyer Profiles We Serve
How We Help
Mortgage Solutions for Burnaby Buyers
Whether it's a presale in Brentwood, a multiplex project in Edmonds, or a first condo near Metrotown, E7 has the lender relationships and product knowledge to get it done.
First-Time Buyers
CMHC insured options from 5% down, BC PTT exemption up to $835K, and FHSA strategy — all in plain English.
Construction Mortgage
Draw-based construction financing for new builds and major renovations in Burnaby's evolving neighbourhoods.
Multiplex Mortgage
Small-scale multi-family financing for Burnaby's expanding multiplex zones — 3 to 6 units.
Self-Employed
Stated income and bank statement programs for Burnaby's large self-employed community.
New to Canada
Newcomer programs with flexible documentation for Burnaby's growing immigrant population.
Mortgage Renewal
Don't accept your lender's first renewal offer. We shop 30+ lenders and bring you the best competing term.
FAQ
Burnaby Mortgage Questions
How do I finance a presale condo in Burnaby's Brentwood or Metrotown area?
Presale financing in Burnaby has two stages: a mortgage commitment at purchase (often 1–3 years before completion) and full underwriting again at completion. Burnaby tower projects from Anthem, Polygon, and other major developers often have completion timelines that cross multiple rate cycles. We help you understand rate-hold options, assignment financing if your situation changes, and how to structure your down payment so you're not caught short at closing. The commitment stage doesn't require a full appraisal but the lender does need to approve the project — not every lender accepts every presale building.
What is Burnaby's new multiplex zoning and how does it affect mortgage financing?
Burnaby has expanded small-scale multiplex permissions in many residential zones, allowing 3–6 unit buildings on single lots. If you're buying an existing lot to redevelop, or purchasing a newly built multiplex, the financing rules are different from a standard single-family mortgage. Lenders evaluate the income potential, zoning compliance, and the number of units. E7 has experience with multiplex and small multi-family financing in the Metro Vancouver market and can walk you through what's required.
Are there mortgage options in Burnaby for newcomers and recent immigrants?
Yes. Burnaby has a significant newcomer population, especially around Metrotown and the SFU area. Several lenders we work with have dedicated newcomer programs that accept limited Canadian credit history, foreign income documentation, and employment letters for recent arrivals. Mandarin and Cantonese service is available at E7 — we serve a large Burnaby Chinese-Canadian client base.
What does construction or renovation financing look like for a Burnaby property?
Construction mortgages for new builds and major renovations in Burnaby are draw-based: funds are released in stages as construction milestones are reached, confirmed by an inspector. Lenders require detailed cost estimates, permits, and usually a fixed-price contract. We work with several lenders that specialize in Metro Vancouver construction deals and understand the local permit timelines and cost structures.
Let's Talk Burnaby Mortgages.
Free consultation for Burnaby buyers, builders, and homeowners. No credit check to start.