Top Calgary Mortgage Broker

Updates to CMHC First Time Buyer Incentive Program

In March the federal government unveiled changes to the budget that included an interesting opportunity for prospective first time home buyers through an enticing program that they called a “shared equity mortgage”. This program could see Canada’s housing agency (CMHC) kicking in up to 10% of the purchase price of a home if certain conditions are met, therefore bringing down the mortgage load and monthly payment for first time home buyers. Read More

payout penalties

1M+ Buyers; When to Use a Broker

For the high-end buyers, we find most people have Private Wealth banks that can pretty much do anything … and we don’t win lots of deals for more than $1M+ unless it is a complicated deal.

If it is complicated, you have a private “general banker” trying to either “figure it out for the first time,” or remember how it works. Not the data a high-end buyer wants to rely on when structuring complicated trades in real estate. Read More

History of Economic Bubbles

This is a most interesting info graphic

https://fortunly.com/infographics/historical-financial-bubbles-infographic/

Economic Bubbles: The History, Causes, and Effects

Historical Financial Bubbles Infographic - Featured Illustration

You don’t need to be an expert to understand what economic bubbles are and how they happen. The simplest definition is the rapid and unrealistic inflation of asset prices without any basis in the intrinsic value of the given asset. Read More

Variable rates to hold steady for 2019

Here is the latest on changes to the Prime rate for variable mortgages. The news is good as Prime is now expected to stay the same for the balance of 2019!

Remember:

  1. Variable rates can be locked in at any time for what the rates are on the day you lock in on.
  2. The maximum payout fee for is 3 months of interest

Rate hike disappears over the horizon

Apr 22, 2019 from First National Financial LP

The likelihood of a Bank of Canada interest rate increase appears to be getting pushed further and further beyond the horizon. Read More

the WORST: Mortgages @ Big-6 Banks

This blog summarizes why getting a mortgage from 1 of the Big-6 banks is the worst idea: