How Can You Build Home Value?

A lot of people ask me, "Where can I go to get the best value on my house?" You don't want to buy something just to buy it. You want to buy something that will increase in value over the next five years.  One way to go is to buy the first house in a new subdivision in...

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Top Things to Look for in a Fort McMurray Mortgage Broker 

While finding the best mortgage for you and your budget is a challenge, that process is made easier by working with a Fort McMurray Mortgage Broker. However, it is essential that you find the right mortgage broker for you. What should you look for in a Fort McMurray...

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Best Kept Secrets of Home Buying Fort McMurray

Here are a few of the best kept secrets before buying a home in Fort McMurray. We’ll tell you what you need to know before you start shopping for a home or Mortgage in Fort McMurray and the reasons why ignoring these tips could literally cost you.   Get Pre-Approved...

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Mortgage Qualifying Rate Increases to 5.34%

On May 9, 2018, the Bank of Canada raised the qualifying mortgage rate used for mortgage stress testing from 5.14% to 5.34%. This is not the rate you will pay, rather this is the rate we are required to use to qualify you for a mortgage. This rate is...

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47% of Canadian Mortgages Renew in 2018

2018 is the year of mortgage renewals in Alberta! This has been Mortgages for Less’ busiest year with mortgage renewals. A CIBC Capital Markets report says that an estimated 47 per cent of all existing mortgages will need to be renewed this...

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Slow and Steady Says the Bank of Canada  

At the end of 2017, the Canadian economy was described as very close to capacity. As that year drew to a close, economic growth hit 3%. Then things slowed down since then due a number of factors.  One was anxiety over international trade, mostly due to President...

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Odds of March Rate Hike Fall

The 2017 economic statistics were promising. The Canadian economy grew at a 3% rate for 2017, the best it had seen since 2011. The annualized growth of 4%+ for the first two quarters was slowed to a more acceptable 1.7% in the last quarter of 2017. This was a little...

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Bank of Canada Keeps Rates Steady

It wasn't a surprise today when the Bank of Canada today announced it would maintain the target for the overnight rate at 1 1/4 percent-largely because of the uncertainty surrounding NAFTA negotiations. The Bank said as much in its latest monetary announcement. While...

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