Edmonton Mortgage Blog
Your Edmonton Mortgage Broker: Natalie Wellings
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 ...
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Changes 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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Increase to prime lending rate
March 4, 2022 | Posted by: Natalie Wellings
On Wednesday, the Bank of Canada announced a 0.25% increase to the prime rate. This has resulted in the major banks adjusting their prime rates to 2.70% from 2.45% (where it has been since the pandemi ...
read moreFinal Interest Rate Announcement for 2021
December 9, 2021 | Posted by: Natalie Wellings
Yesterday, the Bank of Canada made its final rate decision of 2021. No change was expected and no change was made to the benchmark rate. For those with variable-rate mortgages, or home equity lines ...
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This December, we are standing up to cancer.
November 23, 2021 | Posted by: Natalie Wellings
Recently our parent company, Tango Financial, received a call to action from one of our industry peers. Robert Afan, Co-Founder & CEO of DLC Clear Trust Mortgage challenged Tango and our family of ...
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National Day of Truth and Reconciliation on September 30, 2021
September 29, 2021 | Posted by: Natalie Wellings
My office will be closed on Thursday, September 30th in observance of the National Day for Truth & Reconciliation. May we all take some time to pause and reflect on the impact of c ...
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