Alberta sky is not falling

The graph below shows the expected Alberta GDP growth rate for the end of 2015 and 2016. The numbers are still positive – just not as high as they were before.

If the Calgary to Edmonton corridor was a country it would have the 2nd highest growth rate in the world after China. Read More

Calgary housing market a low overall risk of price delines

All the hot air about Calgary housing being over-valued looks to be hot air as CMHC’s report notes below.

Mark Herman, top Calgary Alberta Mortgage broker for renewals and new home purchases

Calgary housing market a low overall risk: CMHC

Mario Toneguzzi, Calgary Herald More from Mario Toneguzzi, Calgary Herald Published on: April 30, 2015 Last Updated: April 30, 2015 5:59 PM MDT

Calgary is at a low risk of a housing correction, says Canada Mortgage and Housing Corp. in an assessment of market conditions across the country. Read More

Schedule of Increased Alberta Real Estate Fees

Here is a schedule of the actual increase in fees.

For my comments on what this all means see my last post here

Please contact me by phone at 403-681-4376 or my email at


  • Increases are only for 5% down payment buyers.
  • Clients who get submissions in prior to June 1st will be eligible for old premiums.
  • Effective June 1st, (owner occupied 1 – 4 unit) mortgage loan insurance premiums will be:
Loan-to-Value Ratio Standard Premium
Standard Premium
(Effective June 1st, 2015
Up to and including 65% 0.60% 0.60%
Up to and including 75% 0.75% 0.75%
Up to and including 80% 1.25% 1.25%
Up to and including 85% 1.80% 1.80%
Up to and including 90% 2.40% 2.40%
Up to and including 95% 3.15% 3.60%
90.01% to 95% — Non-Traditional Down Payment 3.35% 3.85%

 All this from Mortgage Mark Herman, top Calgary Alberta mortgage broker for home purchases and mortgage renewals. Read More