Who we work with in Burnaby
Burnaby is dense towers in Metrotown and Brentwood, established detached streets in North Burnaby, Capitol Hill and Westridge, and the quieter areas around Deer Lake and Burnaby Mountain. Each needs a different lender approach.
The people who call us most often:
- Buyers completing a pre-sale or buying a finished strata unit in Metrotown and Brentwood.
- North Burnaby families moving up to a larger detached home and refinancing on the way.
- Self-employed buyers around SFU and Burnaby Mountain.
- Investors refinancing older Burnaby rental stock.
- Owner-occupied small commercial units along Canada Way and around Still Creek and Lake City.
Completing a pre-sale (a home bought before it was built) has its own rules. Not every lender accepts every building, and the qualification figures on a pre-sale letter written when you signed will not be the figures the lender uses when you complete.
What people in Burnaby ask us for
Each card goes to the page that explains it.
A pre-sale completion in Metrotown
Today's figures, a lender that accepts your building, and the application in ahead of the completion date.
Buying a home →A first condo in Brentwood
What you qualify for with the stress test applied, and what the strata documents will tell the lender.
First-time buyers →Moving up in North Burnaby
Refinancing to put the equity in a Capitol Hill or Westridge home towards the larger one.
Refinance →Self-employed near SFU
Two years of full tax returns (T1 generals) and notices of assessment, and company financials if you are incorporated, set out the way a lender reads them.
Self-employed →Older rental stock
Refinancing a Burnaby rental property, with the rent counted the way the lender counts it.
Investment property →A unit on Canada Way
A shop, clinic or strata office you occupy yourself along Canada Way or around Still Creek, looked at together with the business.
Owner-occupied →Costs that are local
The rules, not the amounts; the amounts depend on the property.
| Item | The rule | Who handles it |
|---|---|---|
| Property transfer tax | A provincial tax on most purchases, worked out on the price and due when the sale completes. | Your lawyer or notary collects it at completion. We show you the figure before you offer. |
| First-time buyer exemption | BC can reduce or remove the transfer tax on a qualifying first purchase. Whether you qualify depends on the price and on whether you have owned a home before. | We check it with you on the first call. |
| Property tax notice | The lender wants the current year's municipal tax notice for the property. | For Burnaby properties you send us the notice; it is on your document list. |
| Strata documents | For a condo or townhouse the lender usually asks for the Form B (the strata's certificate for the unit), recent minutes and the strata's depreciation report (its long-term repair plan) where there is one. On a pre-sale, the lender also has to accept the building itself. | Your realtor requests them from the strata. We match the building to a lender before you offer. |
Asked about Burnaby
Can you help with a Metrotown or Brentwood pre-sale completion?
Yes, not every lender accepts every building, and the numbers on a pre-sale letter from when you signed will not be the numbers the lender uses at completion. We run today's figures, find which lenders accept your building and get the application in ahead of the completion date.
Do you arrange refinances in North Burnaby?
Yes, North Burnaby, Capitol Hill and Westridge are established detached markets where owners often have equity to put to work: a move-up purchase, a renovation or consolidating debt. We put a lender's offer beside your bank's so you can compare.
Do you work with clients outside Burnaby?
Yes, Lendrite is based in Surrey and works across all of British Columbia. Most of the work happens by phone, video and online, and in person when that makes sense. The team speaks English, Hindi and Punjabi.
Is there a fee for a pre-approval?
For most residential mortgages the lender pays the brokerage when the mortgage funds, so you usually pay no fee for the call or the pre-approval. Commercial, construction, agricultural, private and some complex applications may carry a fee, disclosed in writing before you commit to anything.
Lendrite is based in Surrey, BC and works with Burnaby clients by phone, video and online, and in person when that makes sense. Weekdays 8:30 am to 6:30 pm PT, weekends by appointment.