Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
Things are looking up!
October 24, 2024 | Posted by: Natalie Wellings
It was widely speculated and anticipated for weeks, and now it’s finally here! A gift from the Bank of Canada in the form of a 50-basis point cut! The central bank cut its rate yesterday by 0.50 ...
read morePrime rate remains unchanged!
January 24, 2024 | Posted by: Natalie Wellings
The Bank of Canada has left their key interest rate unchanged in their first rate announcement of 2024. This decision does not come as a surprise as most analysts were expecting that the prime ra ...
read moreNo change today but who knows what will happen in 2024!
December 6, 2023 | Posted by: Natalie Wellings
The guessing is over for 2023! The Bank of Canada has maintained its key interest rate in its last announcement of the year. Consequently, the prime mortgage rate remains at 7.20%. The central bank i ...
read moreAnother 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 ...
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