Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
Another increase by the BoC
June 8, 2023 | Posted by: Natalie Wellings
Yesterday, the Bank of Canada made its fourth policy decision of 2023. Much to the disappointment of many Canadians, it increased the prime rate by 0.25%. This rate hike will affect you if you ...
read morePrograms to assist First Time Buyers:
June 8, 2023 | Posted by: Natalie Wellings
Here is the breakdown of a couple of programs available right now which support first time buyers in obtaining home ownership: First Time Home Buyers Incentive Program (FTBI) Mandate is to mak ...
read moreBank of Canada Interest Rate Announcements 2023
June 8, 2023 | Posted by: Natalie Wellings
If you have a variable-rate mortgage, or a home equity line of credit, you’ll want to note the following dates in your calendar. These dates are scheduled for an interest rate announcement by th ...
read moreVariable versus fixed over the last 25 years...
January 24, 2023 | Posted by: Natalie Wellings
If you are one of the many Canadians mulling over the 'variable or fixed' decision, you may find this helpful. This chart, provided by my lending partner CMLS, details variable versus fixed rates over ...
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If you have a variable rate or HELOC mortgage, your rate has gone up by 0.75%.
September 12, 2022 | Posted by: Natalie Wellings
I was away last week, at a conference, so you have likely already heard the big news since it’s absolutely everywhere right now. Last Wednesday, the Bank of Canada announced another hike to the ...
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If you have a variable rate mortgage, your rate has gone up by 1%.
July 14, 2022 | Posted by: Natalie Wellings
You have likely already heard the news; the Bank of Canada has announced a hike to the prime rate. The prime rate affects those with variable or line of credit mortgages, only. It does not affect fixe ...
read moreChanges to the First Time Home Buyer Incentive Program
June 2, 2022 | Posted by: Natalie Wellings
The Government of Canada has made a change to the First Time Home Buyers Incentive program which offers a payment and interest-free loan to qualified home buyers. Previously, when the incentive was r ...
read more50 basis point increase to the prime lending rate!
June 1, 2022 | Posted by: Natalie Wellings
In today’s announcement, the Bank of Canada increased its key lending rate by 0.50%. This move was widely predicted. If you have a $400,000 mortgage this would mean an increase of about $100/mon ...
read moreVariable versus fixed!
May 19, 2022 | Posted by: Natalie Wellings
If you have recently gotten pre-approved to get a new mortgage, or received a renewal notice from your current mortgage lender, you are likely experiencing some sticker shock. Yes, rates are h ...
read moreInterest Rate Announcement: 0.50% increase to prime rate!
April 13, 2022 | Posted by: Natalie Wellings
The Bank of Canada announced a 0.50% increase to the prime rate, this morning. This is the first time the Bank of Canada has increased by more than 0.25% in over 20 years! The rate increase was not un ...
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