Mortgage News

Edmonton Mortgage Broker – Market Update

Despite heading into the colder months of the year, the Edmonton market continued to hold its own, especially when compared to the fall of 2016.

The total number of residential sales in the Edmonton CMA rose an average of over 12% across all residential property types on a year over year basis for the month of […]

By |January 11th, 2018|Mortgages|0 Comments

Spruce Grove’s Travis Hawryluk Shares His Top Tips for Sellers

In his latest podcast for ILoveEdmontonRealEstate.com, Jason Scott talk with Travis Hawryluk about Spruce Grove and some of the biggest challenges faced by sellers in the Edmonton market.

Travis gave Jason a little bit of history on experience in the industry, coming from a family of successful realtors. He explained that, because he started out in […]

Best Edmonton Mortgage Broker – November Market Update

As you may know, the Bank of Canada decided not to raise the benchmark overnight rate last week, which is good news for borrowers who are looking to purchase a home. The Bank’s benchmark rate influences the rates that lenders offer to their clients, which is why the recent increases to the benchmark rate in […]

By |November 16th, 2017|Mortgages|0 Comments

Title Insurance – What It Is and Why You Need It

In the most recent podcast for iloveedmontonrealestate.com, Jason Scott discuss title insurance with Heather Thoma of FCT. As a Business Development Manager at FCT, a group of companies that provide title insurance and default solutions thousands of professionals across the real estate industry, including lenders, lawyers, real estate agents, mortgage brokers and builders, Heather is […]

City Councillor Andrew Knack on Edmonton Real Estate

In the most recent podcast for I Love Edmonton Real Estate, Jason Scott talks real estate matters with Incumbent City Councilor of Ward 1, Andrew Knack. The two discuss infill, rezoning and geographic factors that affect real estate on many levels.

This post will go over a few of the key points from their discussion and […]

Edmonton Mortgage Broker – Top Reasons to Buy a Home

Are you tired of renting but nervous about making the decision to purchase a home? If so, you are not alone. Throughout my experience as an Edmonton mortgage broker, I have encountered many people who were fed up with their current situation of going from landlord to landlord, but were afraid of making the large […]

Edmonton Mortgage – Edmonton Market Update

While the prices of Edmonton homes did rise slightly last month, the overall market has remained stable as we finish off the summer.

The most recent housing statistics released by the Canadian Real Estate Association indicate that the average sales price last month rose for single family homes but remained balanced for duplexes, rows, and condominiums. […]

Interest Rate News – July 2017

By Jason Scott,
Mortgage Broker
TMG The Mortgage Group

We knew it was going to happen eventually.

The Bank of Canada finally increased its overnight rate by .25 per cent to .75 per cent on July 12.

Citing an approving economy, the BOC increased rates for the first time in seven years.

Banks and other lenders were quick to increase their […]

Tips for Getting Your Loan Approved

As an Edmonton mortgage broker, I understand that the process of getting approved for a loan can be intimidating. You may feel overwhelmed about what is required to apply or feel nervous waiting to know whether or not you are approved for the loan you want.

Throughout my years of experience in the mortgage industry, I […]

Mortgage Insurance Premiums To Go Up

The cost of mortgages for homebuyers with smaller down payments is going up today.

Mortgage default insurance premiums – needed any time buyers have less than a 20 per cent down payment – will increase on March 17, 2017.

The increase is meant to ensure mortgage insurance companies like Canadian Housing and Mortgage Corporation (CMHC) Genworth Financial […]