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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Common 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...

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An Overview of Mortgage Penalties

An Overview of Mortgage Penalties There is an old joke that the only things that are inevitable are death and taxes. We hate taxes every time we pay them because of how much of our income it takes. And many homeowners hate mortgage penalties for the same...

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