DAVE LACUSTA

Simplifying the mortgage process.

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Understanding mortgage financing can be difficult, but it doesn't have to be.

Here's the plan!

Get started right away

The best place to start is to connect with me directly. The mortgage process is personal. I'm committed to listen to all your needs, assess your financial situation, and provide you with a clear plan forward.

Get a clear plan

Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming. Let me cut through the noise, I'll outline the best mortgage products available with your needs in mind.

Let me handle the details

When it's time for arranging your mortgage, trust that I will make it happen. I'll make sure you know exactly where you stand at all times. No surprises. I've got you covered.


Everything you need, all in one place

As a trusted mortgage provider, I can help you with the following:

  • Home Purchase
  • Mortgage Refinance
  • Mortgage Renewals
  • First Time Home Buyers
CONTACT

Dave Lacusta

Mortgage Consultant


When it comes to choosing the right mortgage financing, I’m committed to enhancing your overall experience. I have been working as a mortgage professional since 2006 and have helped many families achieve the goal of homeownership. My understanding of, and expertise in handling mortgage financing allows me to provide clients with the knowledge and tools necessary to make educated decisions to determine the best mortgage solution to fit the specific needs of each client.


I’m an accredited mortgage professional working with Xeva Mortgage, a brokerage who is proudly affiliated with the Verico Broker Network. This means that I have access to the very best mortgage products with all the Canadian broker channel lenders. Rather than dealing with a single institution, when you work with me, I provide you with access to an incredible range of mortgage products. This ensures we will find the mortgage that best suits your needs. 


The majority of my business is either working with repeat clients, or making new relationships with referrals from my existing clients. If we have worked together in the past, or someone you know has told you to contact me for mortgage financing, please contact me anytime!

If you're ready to get started, go ahead

and begin with an application. 

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John Doe's Image
I first met Dave in 2007, and have worked with him several times as I bought and sold several properties in an attempt to climb the property ladder in the lower mainland. I have found Dave to be an incredible asset and resource as I have made decisions about which mortgage product was best suited for my particular situation. It may sound cliche, but Dave really is an out of the box thinker, he found solutions for problems I didn’t know I had. His guidance has made a huge difference in my life.

I have recommended Dave to several of my colleagues, and he has not disappointed. I have all the confidence in the world in Dave and his ability to arrange mortgage financing.

JP

John Doe's Image
As we were buying our first home, we really had no idea what to expect with getting a mortgage, we are so happy our friend told us to give Dave a call. He did a great job explaining all our options, helped us to figure out what we could afford, and when the time came to do all the paperwork, he was very responsive and got everything done, just like he said he would.

Thanks for everything Dave, we really appreciate all your hard work, and we loved that we could always reach you when we called, that was really awesome! We will be sure to let all our friends know that you are the best!

Robert and Amy

Mortgage Articles
By Dave Lacusta June 25, 2025
Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best idea. Ideally, when planning out how that looks, most people want to take possession of the new house before moving out of the old one. Not only does this make moving your stuff more manageable, but it also allows you to make the new home a little more “you” by painting or completing some minor renovations before moving in. But what if you need the money from the sale of your existing home to come up with the downpayment for your next home? This situation is where bridge financing comes in. Bridge financing allows you to bridge the financial gap between the firm sale of your current home and the purchase of your new home. Bridge financing allows you to access some of the equity in your existing property and use it for the downpayment on the property you are buying. So now let’s also say that it’s a very competitive housing market where you’re looking to buy. Chances are you’ll want to make the best offer you can and include a significant deposit. If you don’t have immediate access to the cash in your bank account, but you do have equity in your home, a deposit loan allows you to make a very strong offer when negotiating the terms of purchasing your new home. Now, to secure bridge financing and/or a deposit loan, you must have a firm sale on your existing home. If you don’t have a firm sale on your home, you won’t get the bridge financing or deposit loan because there is no concrete way for a lender to calculate how much equity you have available. A firm sale is the key to securing bridge financing and a deposit loan. So if you’d like to know more about bridge financing, deposit loans, or anything else mortgage-related, please connect anytime! It would be a pleasure to work with you.
By Dave Lacusta June 20, 2025
If you’re a first-time homebuyer eyeing a new build or major renovation, there's encouraging news that could make homeownership significantly more affordable. The federal government has proposed a new GST rebate aimed at easing the financial burden for Canadians entering the housing market. While still awaiting parliamentary approval, the proposed legislation offers the potential for thousands in savings —and could be a game-changer for buyers trying to break into today’s high-cost housing landscape. What’s Being Proposed? Under the new legislation, eligible first-time homebuyers would receive: A full GST rebate on homes priced up to $1 million A partial GST rebate on homes between $1 million and $1.5 million This could mean up to $50,000 in tax savings on a qualifying home—a major boost for anyone working hard to save for a down payment or meet mortgage qualification requirements. Why This Matters With interest rates still elevated and home prices holding steady in many regions, affordability remains a challenge. This rebate could offer meaningful relief in several ways: Lower Upfront Costs: Removing GST from the purchase price reduces the total amount of money buyers need to save before closing. Smaller Monthly Payments: A lower purchase price leads to a smaller mortgage, which translates to more manageable monthly payments. Improved Mortgage Qualification: With a reduced purchase amount, buyers may find it easier to meet lender criteria. According to recent estimates, a homebuyer purchasing a $1 million new home could see monthly mortgage payments drop by around $240 —money that could go toward savings, home improvements, or simply everyday expenses. Helping Families Help Each Other This proposal also offers a win for parents who are supporting their children in buying a first home. Whether through gifted down payments or co-signing, a lower purchase price and more affordable monthly costs mean that family support can go further—and set first-time buyers up for long-term success. Is This the Right Time to Buy? If you’re thinking about buying a new or substantially renovated home, this proposed rebate could dramatically improve your financial position. Now is the perfect time to explore your options and make sure your mortgage strategy is aligned with potential policy changes. 📞 Let’s connect for a free mortgage review or pre-approval. Whether you’re buying your first home or helping someone else take that first step, I’m here to help you make informed, confident decisions.
By Dave Lacusta June 18, 2025
Worried About Your Mortgage Renewal? You’re Not Alone  If your mortgage renewal is coming up soon, you're likely feeling a bit of financial pressure—and you’re not the only one. A recent survey shows that over half of Canadian homeowners believe their upcoming mortgage renewal could impact their current living situation. With interest rates still higher than what many borrowers locked in before 2022, 45% of those renewing in the next 12 months expect their monthly payments to increase. Even though the Bank of Canada has held its key overnight rate steady at 2.75%, borrowing costs remain elevated compared to the low-rate years we saw earlier in the decade. And that’s changing how Canadians think about their finances. Changing Plans and Tightening Budgets Among those worried about their renewal, 73% say they’re already cutting back on discretionary spending—things like eating out, entertainment, or travel—to brace for higher mortgage payments. For many, it goes deeper than just trimming the budget. Nearly one in four surveyed homeowners said they’re rethinking their entire financial strategy. Some are pressing pause on home renovations (43%), while others are considering downsizing or relocating to a more affordable area (29%). A smaller group (15%) is even open to major lifestyle changes, like moving in with roommates or relocating to a new neighbourhood altogether. Fixed-Rate Mortgages on the Rise In this climate, most homeowners looking to renew are leaning toward fixed-rate mortgages, with 75% preferring the stability of predictable payments. For those facing uncertainty, locking in a rate for the next few years can offer peace of mind—even if it means paying a little more in the short term. First-Time Buyers Are Feeling It Too It’s not just current homeowners feeling the pinch. A separate survey found that more than half of Canadians planning to buy a home are cutting back on non-essential spending to save for their down payment or other buying costs. About 31% are even considering tapping into savings or investment accounts like TFSAs, RRSPs, or first-time home savings accounts to make their purchase possible. What This Means for You Whether you’re preparing to renew or purchase for the first time, this environment calls for smart, strategic planning. You’re not alone in feeling uncertain—but with the right guidance, you can navigate these changes confidently. Have questions about your upcoming renewal or wondering what type of mortgage is right for today’s market? Let’s connect. We're here to help you make informed, confident decisions about your home financing.
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