Mortgage Minute 11: Why to Choose a Variable Rate November 2021

Mortgage Minute 11: Why to Choose a Variable Rate November 2021

Fixed vs Variable Rates For a long time not a lot of obvious benefit to choosing a variable mortgage rate because relatively the fixed rates were just as low! Since 2008 when rates bottomed out as a result of the sub-prime mortgage bubble burst, we have not seen the bank of Canada rate more than 1.5% higher than it is today. That event triggered...

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Mortgage Minute 10: Post Election Market Update

Mortgage Minute 10: Post Election Market Update

Canada just finished a federal election where really nothing changed. With the election results back, and a recent Bank of Canada update, what can we expect in the Real Estate and Mortgage Market? Early in September, and mid-way through the Election campaign, the Bank of Canada made it’s sixth interest rate decision and announcement of the year....

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Mortgage Minute 9: Inflation-Post COVID

Mortgage Minute 9: Inflation-Post COVID

This week the bank of Canada made its fourth rate announcement of the year. The bank left the overnight rate unchanged yet again, as expected. It did provide somewhat encouraging thoughts on the state of the Canadian and global economy and it also updated its outlook on inflation. Here are a few of the things the bank told us this week. Gross...

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Mortgage Minute 7: 2021 Market Projections

Mortgage Minute 7: 2021 Market Projections

It was only a month ago that we collectively looked back at 2020 and thought “well, THAT was a crazy ride!” Then January 2021 started. Our neighbours to the south saw a rocky transition of power between presidents. The pace of COVID-19 deaths picked up in Alberta. Hundreds of families lost loved ones in the past month. But, Thankfully due to the...

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Mortgage Minute 6: Interest Rate Update December 2020

Mortgage Minute 6: Interest Rate Update December 2020

While COVID has been the biggest ongoing story of the year and the global pandemic has impacted everyone, there are many related stories too!  Interest rates of all sorts have been all over the map this year. I am sure that most of you will remember that in March, the Bank of Canada took the unprecedented step of three quick half per cent drops...

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VIDEO: Holiday 2020 Message

VIDEO: Holiday 2020 Message

TO ENTER THE DRAW for one of FIVE $100 Gift Cards, watch the video below and look for the special code word to put into the draw form! ***Draw has finalized*** The winners are: Elyse T, Pauline M, Jessee W, Chrissinda B, and Crystal H.Let's be honest, 2020 has been a doozie. Just this week, a new set of near lock-down restrictions was announced...

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Mortgage Minute 5: Thanksgiving 2020 Video Update

Mortgage Minute 5: Thanksgiving 2020 Video Update

Happy Thanksgiving from my family to yours. 2020 has been a difficult year for most of us, but I hope we can take this weekend to think of the things we have to be thankful for. Family, friends and our health. Life in a COVID-19 world is ever-changing. We all experienced a quarantine period - many experienced temporary layoffs, and some more...

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Mortgage Minute 4: Mortgage Update and Social Distancing

Mortgage Minute 4: Mortgage Update and Social Distancing

We are now over a month into Social Distancing across most of the world. It will likely last a few more months. It has wreaked havoc on our mental health. It has caused a large number of layoffs, or reduced hours of work for others. The uncertainty is crushing! Alberta lost 100,000 jobs in March and more are being lost in April. There are more...

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