Merry Christmas and a Happy New Year from Mortgages For Less!

Merry Christmas and a Happy New Year from Mortgages For Less!

As another year comes to an end, it’s time to look back at the year but also to wish you a merry Christmas! 2021 has been an interesting year! Lots of ups, and lots of downs. Not just interest rates, but hopes and expectations. In the first part of the year, we saw some of the lowest fixed interest rates ever seen in Canada.

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Top 10 Things to Think About When Becoming a Landlord

Top 10 Things to Think About When Becoming a Landlord

If you are on the verge of buying your first rental property and becoming a landlord, congratulations are in order. You are about to put your money into one of the most time-tested investment options you will ever find. Rental property, if done right, can become the foundation for building personal prosperity and generational wealth.

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

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

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.

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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. Once again, like the election, nothing changed.

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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.

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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.

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VIDEO: Holiday 2020 Message

VIDEO: Holiday 2020 Message

Let’s be honest, 2020 has been a doozie. Just this week, a new set of near lock-down restrictions was announced in Alberta. Similar lockdowns are already in place across the country from PEI on the east coast all the way to British Columbia on the West Coast.

Christmas and other Holiday celebrations will certainly be different this year!

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