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...
read moreMortgage 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...
read more47% 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...
read moreSlow 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...
read moreHow Parents Are Helping Their Children Move Out – And Into A New Home | Fort McMurray Mortgage Broker
Your Fort McMurray Mortgage Broker Jodi Whalen to help show possibilities to help get home ownership in Fort McMurray that much quicker. One of the interesting shifts in Fort McMurray real estate has been the increasing number of parents helping their children buy...
read moreNew FCAC Report Suggests We Be Wary of Banks | Fort McMurray Mortgage Broker shares tips
On March 20th, the FCAC released a report that criticized banks for having a corporate culture too focused on selling products and services. The same report said that banks don’t have enough controls in place to protect the public from pushy sales practices. And we...
read moreOdds 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...
read moreBank 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...
read moreCommon Mistakes Fort McMurray Home Buyers Make
First time home buyers are prone to making mistakes, though they are literally costly. Here are the most common mistakes Fort McMurray home buyers make as well as advice on how to avoid making them yourself. Buying Too Much House There are several ways you could...
read moreThe Bank of Canada Raises Interest Rates But Warns of NAFTA Fallout
The Bank of Canada raised its benchmark rate to 1.25% on January 17, 2018. This is a quarter-percentage-point increase. It is the first time since 2009 that the overnight rate was more than one percent. This pushed the posted interest rate for five year fixed rate...
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