A changing mortgage landscape

Andrew Ladriere of Myplace Mortgages in Cranbrook reflects on a market that has become less predictable

— Photos courtesy of Myplace Mortgages

For many buyers and homeowners, navigating a mortgage has become less about finding a rate and more about keeping up with constant change. In the past few years, shifting interest rates, tighter qualification rules, and rising costs have made the process feel less predictable—and, for some, harder to approach with confidence.

In Cranbrook and across the Kootenays, mortgage broker Andrew Ladriere has seen that shift play out firsthand. Through his work with Myplace Mortgages, he focuses on helping clients understand what’s in front of them, whether they’re entering the market for the first time or rethinking an existing loan in a different financial climate.

We spoke with Ladriere about how the local market is evolving, what borrowers are getting wrong, and why timing and information matter more than ever.

Can you introduce yourself and your role at Myplace Mortgages?

My name is Andrew Ladriere, and I’m the owner and mortgage broker behind Myplace Mortgages. I work directly with clients across Cranbrook and the Kootenays, helping them with home purchases, renewals, refinances, and long-term mortgage planning. My role is really part advisor, part problem-solver—making sure people understand their options and feel confident when making one of the biggest financial decisions of their lives.

What inspired you to start Myplace Mortgages, and what is your mission for local clients?

I started Myplace Mortgages because I saw too many people feeling rushed, confused, or pressured when it came to mortgages—especially when dealing with large institutions where clients often feel like a number. I wanted to build a local mortgage business that puts education and clarity first. The mission is simple: provide honest advice, explain things in plain language, and help people make decisions that truly fit their lives, both now and in the long term. 

How would you describe your approach to mortgage advising, especially for first-time buyers or those new to the Kootenays?

My approach is very hands-on and educational. For first-time buyers or people new to the Kootenays, there’s often more to consider—from property types and acreage to well and septic systems or how employment income is viewed. I focus on slowing the process down, answering questions thoroughly, and explaining the “why” behind each recommendation so clients feel informed and comfortable before moving forward.

What are the biggest challenges or changes you've seen in the local mortgage market recently?

The biggest change has been uncertainty. Interest rates, qualification rules, and affordability have all shifted quickly over the past few years. Buyers are more cautious, and homeowners are paying much closer attention to renewals. On the positive side, this has encouraged people to ask better questions, plan ahead, and think more strategically instead of simply accepting the first option presented to them.

What makes Myplace Mortgages stand out from larger national lenders?

The biggest difference is accessibility and personalization. Clients deal directly with me, not a call centre or a rotating advisor. I work with a wide range of lenders—including banks, credit unions, and monoline lenders—which allows me to compare options and structure solutions based on the client, not the institution. Being local also matters; understanding the Kootenays and the nuances of the local market can make a meaningful difference in approvals and long-term outcomes.

What's one piece of advice you wish everyone knew about securing a mortgage today?

Don’t wait until the last minute. Even a short conversation early on can save a significant amount of money and stress. Whether you’re buying, renewing, or just exploring options, understanding your numbers and choices ahead of time gives you confidence and leverage when it matters most. 

What's next for Myplace Mortgages in the coming year?

The focus is on continuing to grow locally while improving the overall client experience. That includes better tools, easier ways for clients to run scenarios, and more educational resources. The goal is for Myplace Mortgages to be the first call people make when they have a mortgage question—not just when they’re ready to sign paperwork.