by Josh | May 17, 2018 | Economic, Mortgage Blog, Mortgage Rates, News
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 year. A normal year sees 25... by Josh | Apr 15, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
Governor Stephen Poloz and his Governing Council ended their deliberations on April 18th, and the end decision was not to raise interest rates. This has left the benchmark interest rate at 1.25% for now. However, they are unlikely to keep interest rates this low for... by Josh | Apr 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized, Videos
Housing price increases have outpaced inflation for years, pricing many Millennials out of the housing market. For many Millennials, the solution has been to remain at home for years longer than their parents planned. In fact, roughly a third of those between the ages... by Josh | Mar 21, 2018 | Credit Analysis, Economic, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
On March 20, 2018, the FCAC issued a report dispelling any myth that the Big 6 banks are friendly, supportive institutions – or even neutral. The FCAC report said that the banks had too much of a focus on selling products and services. It warned that they... by Josh | Mar 8, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
Thank you, Donald Trump. Those unlikely words from Canadian mortgage leaders are the result of the economic uncertainty created by Trump’s politicization of the renegotiation of NAFTA. This fact, combined with the slowdown in domestic spending at the end of 2017 that... by Josh | Feb 21, 2018 | Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
The first time you do something, you’re likely to make mistakes. Unfortunately, mistakes when you buy a home are truly costly. Here are the common mistakes many first-time Calgary home buyers make and how to avoid making them yourself. Assuming You Don’t Have...
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