Possible Mortgage Rule Changes

Hey Guys! I thought passing along a heads-up of possible Mortgage rules changes would be beneficial. My intention is to share possible rule changes, and how that will effect Mortgage affordability. For now,

Market Update—Off Peak, But Positive!

Hey Guys! Here your report on Calgary's detached and apartment housing sectors. At first glance, Calgary is fairing MUCH better than many other housing regions in Canada! Why? Well for many reasons

Updated Home Affordability Numbers

Hey Guys! I thought some of you might be interested in seeing some affordability numbers in today's housing market. Let's look at how much income is required to purchase two properties, as

October Real Estate Update

Hey Guys! Where do you think prices are headed in the next couple of months? Check out the data below to help formulate your own thoughts. Real Estate, as a commodity, is

Is Canada Importing U.S. Interest Rates?

Hey Guys! This is a monetary policy update from the U.S. which influences the Bank of Canada (BoC) and ultimately Canadian monetary policy (interest rates). I know we are all facing higher

How To Refinance Calgary

Hey Guys! This kind of "how-to" email is not typical from me, but I thought this would help some folks. The easing of monetary policy, in response to the pandemic, was a

Fixed Vs Variable?

Let's circle back on this classic question when choosing a Mortgage product ... Should I go with a fixed or variable rate Mortgage? Let's provide some structure to this post with a

Mortgage Penalties: A fundamental review

Hey! I've had this conversation twice in the past week with existing clients and wanted to update everyone on some fundamental information. 1. Mortgage penalties. [] Why. [] What. 2. Penalty formulas. [] 3

Insured Mortgage Rule Change

The Mortgage qualifying goal posts have slightly moved, again!Here's a quick history of recent rule changes:July 2020: CMHC qualifying rule change (in effect).April 2021: Uninsured qualifying rule change (effective 1 June 2021). *May 2021: Insured

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