Coping With Financial Stress

Don’t be afraid to contact all of your credit providers and ask for assistance during these challenging times: credit card providers, utility providers, vehicle leasing providers .. just to name a few. 

The Government relief programs applications have been made available online. Follow this link to get more information on all programs.

Transferring your mortgage to a lower rate could save you thousands of dollars, not only in your monthly cash flow by reducing your payments, but also the outstanding balance at the end of your term. Rates starting in the low 2’s%. 

Add an Equity line of credit to your home for emergencies. 

– Refinances
– New to Canada
– Equity take out
– Second Homes

– Construction Financing
– Commercial loans
– Bridge Loans
– Private Loans
– Second Mortgages

The overnight lending rate is 0.25%. Some are saying that this is the “lowest” it will go, but I wouldn’t be so sure. Historically, in other parts of the world, we have seen negative overnight lending rates. Never say never. 

Stay connected to your family, friends and neighbours during this difficult time! 

Billie Aaltonen

Senior Lending Advisor
Compass Mortgage Group

Lawyers Closing Real Estate Transactions without meeting clients*!

You may be aware that we as Realtors can show / view most properties using social distancing measures; but, you may not be aware that Lawyers are also getting creative in an effort to assist with closing transactions in BC.Not only will we ensure our listed properties are viewed in a safe manner, and any potential purchases are safe for buyers to view; our Lawyer-friends have recognized that these are challenging times, and they are enacting special protocols where they will attempt to close on new purchases and sales without having clients visit their offices. This is a case-by-case basis; but, we have been told by our legal partners that they will do what they can to help make the purchase and sale process as ‘risk free’ as possible.

Please check with your lawyer or notary to see if they will allow the use of Video to assist in real estate transactions. 

So, if you were set to buy or sell this Spring, we encourage you to consider this time as an opportunity to do so without fear. We will assist in any way possible to ensure proper social distancing is maintained throughout the entire real estate transaction.

NEW –  How are the courts handling the commissioning of affidavits? 

On March 26, 2020, The Court of Appeal, the Supreme Court and the Provincial Court expanded the process for commissioning affidavits where it is not possible, or is medically unsafe, for the deponent to attend before a commissioner to apply to affidavits for use in all Court Proceedings. Links to the full Notices may be found below:

*Where lawyers reasonably determine that circumstances require virtual commissioning of an affidavit and follow the procedure in the Courts notices, the Law Society will consider the requirement that the deponent be physically present before the lawyers, set out in Appendix A 1(a) of the Code of Professional Conduct, to have been met.

Source: Law Society of BC

I’m in the REMAX Career Hall of Fame

I’m proud to announce that I recently received the REMAX Career Hall of Fame Award for Outstanding Achievement!
A huge thank you to all of my incredible current and past clients, as well as my devoted team! I couldn’t have done it without your unwavering support. I will endeavour to provide the best service possible for 2020 and beyond!
In case you missed it, I also finished 2019 as the #9 agent on for Kelowna, and as of February, I am now #5!

I’m a Top Rated Agent for 2019!

Top Rated Kelowna Real Estate Agent Badge for Scott Aaltonen verified on 2020-01-08 by

Exciting news! has released the Top Rated Agents in Kelowna for 2019 and, thanks to your reviews and recommendations, I made the list!

While my passion for real estate began long ago, I owe all of my success to my clients. I am ever grateful to you.

If you haven’t had the chance to leave a review and would like to, you can do so here. It would be greatly appreciated!