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Stop Stressing About the Mortgage Stress Test!

January 7, 2025

If your mortgage is up for renewal within the next year, the Canadian government’s latest update on the mortgage stress test could work in your favour. The new rules eliminate the need for a stress test when switching lenders during renewal, giving homeowners more flexibility and potentially more savings. Check…

Pre-Approval is Your Secret Weapon in Edmonton’s Spring Housing Market

Jason Scott

December 17, 2024

Mortgages, Purchasing a new home

The temperatures outside may be freezing, but Edmonton’s housing market is warming up. With the spring market just around the corner, competition among buyers will soon be strong. If you’re thinking about buying a home this season, there’s one thing you need before you start shopping: a mortgage pre-approval. Why…

The Bank of Canada Cut Rates! What Does This Mean For Your Mortgage?

Jason Scott

December 11, 2024

Mortgages

The Bank of Canada’s decision to cut rates by half a percent is significant. This level of reduction typically signals serious concerns about the Canadian economy. It’s only the second such cut this year, indicating that policymakers are worried about where the economy is heading. Impact on Variable-Rate Mortgages If…

How Trump’s Proposed Tariffs May Impact Canadian Mortgages

Jason Scott

December 3, 2024

Mortgages

Since Donald Trump’s election and proposed tariffs on Canadian goods, bond yields have been climbing as markets anticipate stronger U.S. economic growth. Higher bond yields directly influence Canadian fixed mortgage rates, causing them to increase. But how will Trump’s proposed tariffs affect your mortgage rate in Edmonton? Here is what…

New Canadian Mortgage Rules Coming December 15th, 2024!

Jason Scott

November 26, 2024

Mortgages, Purchasing a new home

The Canadian mortgage landscape is about to see two significant updates – one of which is very important for Edmonton homebuyers: 30-Year Amortizations for New Builds Starting December 15th, buyers can choose a 30-year amortization on newly built homes, even if they’ve previously owned a property. This change offers more…

How Refinancing Can Help with High-Interest Consumer Debt

Jason Scott

November 8, 2024

Mortgages, Purchasing a new home

How can refinancing help with high-interest consumer debt? The current economy has stretched a lot of budgets, with inflation driving up the costs of everyday essentials. I’m seeing more and more families weighed down by consumer debt – credit cards with tens of thousands in balances, and lines of credit…

How the US Election Affects Canadian Mortgage Rates

Jason Scott

November 6, 2024

Mortgages, Purchasing a new home

With Donald Trump elected as the new president in the US election yesterday, mortgage rates here in Canada have already been affected. What’s happening and what it could mean for your mortgage choices? Take a look. Why Are Fixed Rates Going Up After the US Election? The U.S. election has…

Métis Down Payment Grant: How to Qualify for $20,000

Jason Scott

November 5, 2024

Mortgages, Purchasing a new home

Great news for Métis homebuyers in Alberta! The Métis down payment grant, which had been paused, is now available again, offering up to $20,000 in down payment assistance. If you’re eligible, this program can make a big difference in achieving your homeownership goals. Here’s what you need to know about…

How U.S. Rate Cuts Impact Canada’s Mortgage Market

Jason Scott

October 29, 2024

Mortgages, Purchasing a new home

The U.S. Federal Reserve made a big move, cutting their key lending rate by 0.5%. That’s a significant cut, signalling that their economy is slowing down. This shift will likely ripple into Canada – here’s how it might affect your mortgage decisions. What U.S. Rate Cuts Means for Canada In…

What the Bank of Canada Announcement Really Means

Jason Scott

October 23, 2024

Mortgages, Purchasing a new home

In a surprising move, the Bank of Canada announced a 0.5% rate cut today. Typically, these rate adjustments come in 0.25% increments, so when we see a cut this big, it’s usually a signal that something big is happening in the economy. But what does this mean for you as…

News

Stop Stressing About the Mortgage Stress Test!

Pre-Approval is Your Secret Weapon in Edmonton’s Spring Housing Market

The Bank of Canada Cut Rates! What Does This Mean For Your Mortgage?

How Trump’s Proposed Tariffs May Impact Canadian Mortgages

New Canadian Mortgage Rules Coming December 15th, 2024!

How Refinancing Can Help with High-Interest Consumer Debt

How the US Election Affects Canadian Mortgage Rates

Métis Down Payment Grant: How to Qualify for $20,000

How U.S. Rate Cuts Impact Canada’s Mortgage Market

What the Bank of Canada Announcement Really Means

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