Edmonton Mortgage Blog

Your Edmonton Mortgage Broker

Category: Mortgage News (132 posts)

Why you should not panic about the Bank of Canada rate increase...

Why you should not panic about the Bank of Canada rate increase...

July 12, 2017 | Posted by: Natalie Wellings

This should come as no surprise since the media has been all over this story lately. Yes- the Bank of Canada increased their prime lending rate by 0.25%! It is important to keep some perspective on t ... [read more]

Value that's hard to beat!

Value that's hard to beat!

June 21, 2017 | Posted by: Natalie Wellings

“Strive not to be a success, but rather to be of value”- Albert Einstein Mortgage Brokering is extremely competitive. Not only are we competing with our fellow Mortgage Brokers but we are ... [read more]

No change to key interest rate- Bank of Canada

No change to key interest rate- Bank of Canada

April 19, 2017 | Posted by: Natalie Wellings

Once again, the Bank of Canada announced that it is maintaining its target for the overnight rate at ½ percent, despite stronger-than-expected global and domestic economies. While ... [read more]

Variable rate holders- no change to your mortgage rate!

Variable rate holders- no change to your mortgage rate!

April 12, 2017 | Posted by: Natalie Wellings

The Bank of Canada is keeping the target for the overnight rate at ½ percent. In a rather brief interest rate announcement, the Bank noted that, while there are 'significant uncertainties' that ... [read more]

Money Talk

Money Talk

April 5, 2017 | Posted by: Natalie Wellings

This time of the year there is lots of chatter going on out there about investing, since the deadline to contribute to RRSP’s for the 2016 tax year is March 1st. Naturally, all of this ... [read more]

HOW MUCH ARE YOUR GRANDCHILDREN COSTING YOU?

HOW MUCH ARE YOUR GRANDCHILDREN COSTING YOU?

March 29, 2017 | Posted by: Natalie Wellings

Although Millennials are waiting to have children until they're a little older (and more financially secure), a new study from TD Ameritrade reveals they're still receiving quite a bit of he ... [read more]

BREAKING: CMHC announces increase to insurance premium rates

BREAKING: CMHC announces increase to insurance premium rates

March 22, 2017 | Posted by: Natalie Wellings

In an announcement made earlier today, the cost of CMHC insurance will increase, starting on March 17th 2017. For buyers with the minimum 5% down payment, the premium will rise from 3.60% to ... [read more]

Resolve to pay your mortgage off faster

Resolve to pay your mortgage off faster

March 15, 2017 | Posted by: Natalie Wellings

With the New Year just beginning, there's no better time to set some goals for the year ahead. But while health and fitness tend to be top-of-mind these days-particularly after the food-fest known as ... [read more]

Merry Christmas & Thank you!

Merry Christmas & Thank you!

March 8, 2017 | Posted by: Natalie Wellings

The best part of the Christmas season is that work slows down enough that I can take some time to reflect on what has happened in the last year. 2016 was a great one, despite the rough times in Albert ... [read more]

Tips to stay within budget at Christmas

Tips to stay within budget at Christmas

March 1, 2017 | Posted by: Natalie Wellings

The holidays can be a financially stressful time of year-particularly when you have lots of people on your Christmas list. And while we'd all love to have the foresight (and discipline) to save for th ... [read more]

Making sense of mortgages in Edmonton

Making sense of mortgages in Edmonton

February 22, 2017 | Posted by: Natalie Wellings

... [read more]

An explanation of spousal separation mortgages in Edmonton...

An explanation of spousal separation mortgages in Edmonton...

February 15, 2017 | Posted by: Natalie Wellings

Your relationship is over and you want to keep the house. What happens now? Fortunately, there is a program offered by Canada’s mortgage default insurers (CMHC, Genworth & Canada Guaranty) ... [read more]

Confused about the new mortgage rules?

Confused about the new mortgage rules?

February 8, 2017 | Posted by: Natalie Wellings

As per my previous blog posts; new housing policies have recently come into effect which will greatly affect mortgage qualification. Do these changes affect you? In order to clear t ... [read more]

Big banks win, alternative lenders lose with new mortgage rules: First National Financial CEO

Big banks win, alternative lenders lose with new mortgage rules: First National Financial CEO

February 1, 2017 | Posted by: Natalie Wellings

The CEO of one of my favourite mortgage lenders, First National, explains the recent mortgage changes and the effect these will have on the industry and consumers to BNN. First National is the largest ... [read more]

Breaking news: Government of Canada changing mortgage qualifying rules

Breaking news: Government of Canada changing mortgage qualifying rules

January 25, 2017 | Posted by: Natalie Wellings

In an announcement earlier today, the Department of Finance outlined new measures to maintain the stability of the housing market. They announced that there will be a stress test required for ALL insu ... [read more]

Avoid getting in over your head when purchasing a home...

Avoid getting in over your head when purchasing a home...

January 18, 2017 | Posted by: Natalie Wellings

Barbara Knoblach, a certified money coach with Money Coaches Canada. spent some time speaking on Edmonton AM this morning. She offered some great tips on keeping it real when purchasing real ... [read more]

HOME BUYERS' TAX CREDIT 101

HOME BUYERS' TAX CREDIT 101

January 11, 2017 | Posted by: Natalie Wellings

HOME BUYERS' TAX CREDIT 101 If you bought a home in 2015, you may or may not be aware that you're eligible for a Federal tax refund this upcoming tax season. If you'd like to learn more about the F ... [read more]

Navigating the financial fallout from a divorce...

Navigating the financial fallout from a divorce...

January 4, 2017 | Posted by: Natalie Wellings

Navigating the financial fallout from a divorce... Divorce will create havoc in your emotional life, but likely even more so with your finances. I have long said that it is way too easy to tie the kn ... [read more]

Save on your income taxes and save for a down payment at the same time!

Save on your income taxes and save for a down payment at the same time!

December 28, 2016 | Posted by: Natalie Wellings

Did you know? If you are a first time buyer, you are able to withdraw up to $25,000 from your RSP account, tax free. The funds can be used for the down payment on your new home. The program stipulates ... [read more]

Merry Christmas!

Merry Christmas!

December 21, 2016 | Posted by: Natalie Wellings

A huge thank you to all of my clients and referral sources for making 2015 my best year yet! It has been a pleasure getting to know you while helping you achieve your goals! Best wishes for a very M ... [read more]

CHANGES TO THE MINIMUM DOWN PAYMENT COMING...

CHANGES TO THE MINIMUM DOWN PAYMENT COMING...

December 14, 2016 | Posted by: Natalie Wellings

As you have likely already heard on the news, earlier this morning the Finance Minister announced changes to the minimum down payment on houses valued over $500,000. Effective February ... [read more]

Why Mortgage Brokers are invaluable: Reason # 4

Why Mortgage Brokers are invaluable: Reason # 4

December 7, 2016 | Posted by: Natalie Wellings

#4 Your broker finds solutions that fit your needs Your broker will help you navigate the confusing road map of rate types, mortgage options and terms to decide which solution is best fo ... [read more]

Why Mortgage Brokers are invaluable, Reason #5

Why Mortgage Brokers are invaluable, Reason #5

November 30, 2016 | Posted by: Natalie Wellings

From one of my lending partners, B2B Bank: 'While we know your expertise and guidance can be invaluable, there are still a lot of home buyers and homeowners out there who may not understand what a mor ... [read more]

Millennials: don't avoid credit!

Millennials: don't avoid credit!

November 23, 2016 | Posted by: Natalie Wellings

The only way to build credit is to use credit wisely. I sometimes come across younger adults who want to purchase a home but don't have a credit score because they have decided that it's best not to h ... [read more]

A rate cut cuts both ways

A rate cut cuts both ways

November 16, 2016 | Posted by: Natalie Wellings

Earlier this morning, the Bank of Canada announced that it is cutting its key interest rate by 0.25%. The jury is out whether the country's financial institutions will also follow suit (in J ... [read more]

The elephant in the room

The elephant in the room

November 9, 2016 | Posted by: Natalie Wellings

The elephant in the room I just got off the phone regarding a deal for someone who was in their mid twenties, with zero credit history. Never had a credit card or a loan of any kind. Her Mom phoned m ... [read more]

First Time Home Buyer's Tax Credit Information

First Time Home Buyer's Tax Credit Information

November 2, 2016 | Posted by: Natalie Wellings

If you're a first time buyer this year, you'll want to know about the First Time Home Buyers Tax Credit! ... [read more]

DO YOU HAVE AN EMERGENCY FUND?

DO YOU HAVE AN EMERGENCY FUND?

October 26, 2016 | Posted by: Natalie Wellings

I heard something interesting the other day, that went along the lines of ‘if you’re financially well-off enough to save for an emergency fund, you likely don’t need an emergency fun ... [read more]

More house than they need?

More house than they need?

October 19, 2016 | Posted by: Natalie Wellings

The 'what if's' in life are something to be considered when purchasing a home. Could you still afford the home if you, or your spouse, lost a job? If one of you became sick? Would you still comfortabl ... [read more]

NDP cancels land title fee increases

NDP cancels land title fee increases

October 12, 2016 | Posted by: Natalie Wellings

NDP cancels land title fee increases I've had several deals in the last few weeks where the buyers were very concerned about avoiding the new fee increases to land transfers and mortgage registration ... [read more]

More rate cuts in our future?

More rate cuts in our future?

October 5, 2016 | Posted by: Natalie Wellings

MORE RATE CUTS IN OUR FUTURE? It’s hard to believe that just a few short months ago the question on everyone’s mind was “when is the Bank of Canada going to start hiking interest ra ... [read more]

Bank of Canada cuts key interest rate

Bank of Canada cuts key interest rate

September 28, 2016 | Posted by: Natalie Wellings

It looks like the drop in oil has benefits other than lower prices at the pumps. Today, the Bank of Canada announced it will lower its target for the overnight rate by 0.25%-taking it down to 0.75%. W ... [read more]

Do you know how much home you can really afford?

Do you know how much home you can really afford?

September 21, 2016 | Posted by: Natalie Wellings

Now that the New Year is off and running, and the holiday financial hangover just beginning, many of you are likely sitting down to revamp your budgets. If finances have been tight, or if you’re ... [read more]

One little secret to avoiding a housing slowdown

One little secret to avoiding a housing slowdown

September 14, 2016 | Posted by: Natalie Wellings

We’ve been hearing about the risks of housing overvaluation in Canada for the last few years. While there’s no way to tell for sure when housing prices will stop increasing, as this articl ... [read more]

Interest Rate Announcement

Interest Rate Announcement

September 7, 2016 | Posted by: Natalie Wellings

As expected, the Bank of Canada decided to stand pat on interest rates today, leaving the target for the overnight rate at 1%. While inflation increased by more than expected since October, it still ... [read more]

No-buy November?

No-buy November?

August 31, 2016 | Posted by: Natalie Wellings

Here’s an interesting concept: What if, for the entire month of November, you only spent money on the bare essentials? That means no dinners out, no new clothes – no Starbucks. I'll be hon ... [read more]

New product from Equifax for new Candians and younger borrowers with little credit history

New product from Equifax for new Candians and younger borrowers with little credit history

August 24, 2016 | Posted by: Natalie Wellings

This new scoring product from Equifax will help with applications for new Canadians and younger borrowers with little to no credit history: http://www.marketwired.com/press-release/-1958126.htm ... [read more]

When will interest rates rise?

When will interest rates rise?

August 17, 2016 | Posted by: Natalie Wellings

Now that the US economy is showing more significant signs of recovery, the topic of interest rate increases is dominating conversations once again. It’s a widely held belief that once our neighb ... [read more]

Protect yourself when renovating your home

Protect yourself when renovating your home

August 10, 2016 | Posted by: Natalie Wellings

Did you know that any contractor that asks for payment or a deposit at your home before completing any work must be licensed through Service Alberta?  If you are dealing with a contractor and wan ... [read more]

4 WAYS TO MEASURE YOUR FINANCIAL HEALTH

4 WAYS TO MEASURE YOUR FINANCIAL HEALTH

August 3, 2016 | Posted by: Natalie Wellings

4 WAYS TO MEASURE YOUR FINANCIAL HEALTH So you finally paid off your credit cards and you have a bit of money in the bank - but are you financially healthy? If you want a true reading of your ... [read more]

Build a budget that works

Build a budget that works

July 27, 2016 | Posted by: Natalie Wellings

The key to successfully managing your money is to create a monthly budget that actually works. Everyone spends differently so it's important to be realistic (make achievable goals) and to stick with i ... [read more]

As predicted, the Bank of Canada announced yesterday that it will maintain its overnight rate at 1% -allowing variable rate mortgage holders to, yet again, breathe easy.  Although CPI inflation reache

As predicted, the Bank of Canada announced yesterday that it will maintain its overnight rate at 1% -allowing variable rate mortgage holders to, yet again, breathe easy. Although CPI inflation reache

July 20, 2016 | Posted by: Natalie Wellings

As predicted, the Bank of Canada announced yesterday that it will maintain its overnight rate at 1% -allowing variable rate mortgage holders to, yet again, breathe easy.Although CPI inflatio ... [read more]

What if bi-weekly payments don't fit with your lifestyle?

What if bi-weekly payments don't fit with your lifestyle?

July 13, 2016 | Posted by: Natalie Wellings

What if bi-weekly payments don't fit with your lifestyle? Have you heard? 68% of people in their twenties, who responded to a survey conducted by Manulife, don't consider mortgages to be debt.  ... [read more]

8 Money Blunders Just-Married Couples Often Make

8 Money Blunders Just-Married Couples Often Make

July 6, 2016 | Posted by: Natalie Wellings

Anyone who is (or has been) married will certainly agree with this list! Financial matters can create a lot of strain on an otherwise healthy relationship so this is a really good article to send to a ... [read more]

Did you know? Alberta Introduces New Home Warranty Legislation 

Did you know? Alberta Introduces New Home Warranty Legislation 

June 29, 2016 | Posted by: Natalie Wellings

Have you heard? As of February 1st 2014, all new homes built in Alberta will require new home warranty. The Alberta Government's New Home Buyer Protection Act encourages higher quality standards to pr ... [read more]

Are baby boomers skewing housing prices?

Are baby boomers skewing housing prices?

June 22, 2016 | Posted by: Natalie Wellings

  Are baby boomers skewing housing prices? There's been a lot of talk in the media lately about the 'bank of Mom and Dad effect' on the Canadian housing market. CMHC has recently launched ... [read more]

Trading in my laptop for a paint brush...

Trading in my laptop for a paint brush...

June 15, 2016 | Posted by: Natalie Wellings

Trading in my laptop for a paint brush... On May 2nd, I had the pleasure of spending the day on Habitat for Humanity's Southside build with an awesome group of Axiom employees and Mortgage Brokers. I ... [read more]

Writing an offer without a financing condition is playing Russian Roulette; here's why

Writing an offer without a financing condition is playing Russian Roulette; here's why

June 8, 2016 | Posted by: Natalie Wellings

Writing an offer without a financing condition is playing Russian roulette; here`s why In this crazy spring market I have started to hear rumblings of home buyers writing offers on homes without a f ... [read more]

Bank of Canada: no change to key lending rate

Bank of Canada: no change to key lending rate

June 1, 2016 | Posted by: Natalie Wellings

Thursday, April 17, 2014 Bank of Canada: no change on key lending rate As per the rate announcement yesterday, the Bank of Canada decided to leave its key interest rate unchanged. The Bank announc ... [read more]

Can you really afford that home?

Can you really afford that home?

May 25, 2016 | Posted by: Natalie Wellings

Can you really afford that home? Here's a great article from Rob Carrick of the Globe and Mail explaining that one should 'never take a lender’s word for it that you can afford a house'. I actu ... [read more]

A book for every woman:

A book for every woman:

May 18, 2016 | Posted by: Natalie Wellings

  Being in the financial services industry, I come across a lot of difference scenarios, from the good to the bad and the very ugly. I deal with transactions involving women in all different l ... [read more]

When shouldn't you contribute to an RRSP?

When shouldn't you contribute to an RRSP?

May 11, 2016 | Posted by: Natalie Wellings

When shouldn't you contribute to an RRSP? As RRSP season quickly approaches we are going to hear more and more about the benefits of contributing to an RSP, and how little Canadians are actually inv ... [read more]

If you're going to commit to one thing this year, make it this!

If you're going to commit to one thing this year, make it this!

May 4, 2016 | Posted by: Natalie Wellings

Thursday, January 2, 2014 If you're going to commit to one thing this year, make it this! A fabulous, sobering reminder from Canadian Mortgage Trends:  If you're going to commit to doing one th ... [read more]

The Bank of Canada is boring.

The Bank of Canada is boring.

April 27, 2016 | Posted by: Natalie Wellings

The Bank of Canada is boring. Unsurprisingly, the Bank of Canada has announced that it will keep interest rates steady for the remainder of 2013 – with the target for the overnight rate sitting ... [read more]

A little reassurance from Stephen Poloz

A little reassurance from Stephen Poloz

April 20, 2016 | Posted by: Natalie Wellings

A little reassurance from Stephen Poloz There has been so much industry chatter going on lately on whether or not there is or isn't a housing bubble in Canada, my head is spinning. Now the Governor o ... [read more]

Buying a home: 1950s vs today

Buying a home: 1950s vs today

April 13, 2016 | Posted by: Natalie Wellings

  Ever wonder what it was like to buy a home in the 1950s? Sure, houses were much cheaper back then, but credit wasn't as readily available. Mortgage default insurance, which today allow ... [read more]

No news here.

No news here.

April 6, 2016 | Posted by: Natalie Wellings

No news here. It's status quo over at the Bank of Canada. As expected, the bank left it's key interest rate unchanged in their rate announcement earlier this morning. If you have a variable rate mort ... [read more]

Self-employed? Prepare for a long conversation with your mortgage broker

Self-employed? Prepare for a long conversation with your mortgage broker

March 30, 2016 | Posted by: Natalie Wellings

If you are self employed and are thinking of purchasing a home in the near future, you need to read this!  I'd highly recommend following the advice offered in this article to increase the likeli ... [read more]

How landlords can steer clear of bad tenants

How landlords can steer clear of bad tenants

March 23, 2016 | Posted by: Natalie Wellings

How landlords can steer clear of bad tenants In my years as a Mortgage Broker, I have heard many unsavoury stories about renting a property to the wrong tenant. I also know quite a few property i ... [read more]

It's okay to splurge once in a while!

It's okay to splurge once in a while!

March 16, 2016 | Posted by: Natalie Wellings

  We've heard so much in the news lately about how Canadians needs to put the brakes on their personal spending and the government has been cautioning us to slow down for quite some time. But, t ... [read more]

Alberta government to shy away from mandatory flood warning on land titles

Alberta government to shy away from mandatory flood warning on land titles

March 9, 2016 | Posted by: Natalie Wellings

Alberta government to shy away from mandatory flood warning on land titles The Alberta government is backing away from a plan to put warnings on land titles for properties in flood-risk zones. I ... [read more]

Canada's homes are getting smaller, in everywhere but Alberta

Canada's homes are getting smaller, in everywhere but Alberta

March 2, 2016 | Posted by: Natalie Wellings

Sounds like houses are actually getting smaller these days, in everywhere but Alberta! In Alberta we have a plethora of choice when it comes to housing. We have great condos if you're one for living s ... [read more]

Prime rate stays the same...

Prime rate stays the same...

February 24, 2016 | Posted by: Natalie Wellings

Prime rate stays the same... The new Governor of the Bank of Canada, Stephen Poloz, maintained the status quo set by his predecessor, Mark Carney, by leaving the prime lending rate unchanged in the i ... [read more]

Buying a house without taking on more than

Buying a house without taking on more than

February 17, 2016 | Posted by: Natalie Wellings

  The housing market has been buzzing in Edmonton over the last month of so. I've been so busy trying to keep my head above water I haven't had time to write a blog entry. But, I wanted to take ... [read more]

Why it’s harder for self-employed to get a mortgage

Why it’s harder for self-employed to get a mortgage

February 10, 2016 | Posted by: Natalie Wellings

Here is a fantastic article from theStar.com explains the ins and outs of getting a mortgage if you're self employed. Alberta has a large number of entrepreneurs and, consequently, I get a fair amount ... [read more]

Loyalty and mortgage renewals don't mix!

Loyalty and mortgage renewals don't mix!

February 3, 2016 | Posted by: Natalie Wellings

When it comes to renewing your mortgage with your current financial institution, those loyal customers that simply sign on the dotted line often don't get the best deal according to a paper published ... [read more]

The low interest rate trap

The low interest rate trap

January 27, 2016 | Posted by: Natalie Wellings

I can't say it enough; this is an excellent opportunity to use today's low interest rates to your advantage by paying extra on your mortgage. I truly feel that if you cannot afford to do this, then yo ... [read more]

When you look for a mortgage, shop local...call a Mortgage Broker!

When you look for a mortgage, shop local...call a Mortgage Broker!

January 20, 2016 | Posted by: Natalie Wellings

When you look for a mortgage, shop local...call a Mortgage Broker!   By now you've probably all heard the news story about how RBC is laying off 45 Canadian workers to outsource their jobs to a ... [read more]

Where do mortgage rates go from here?

Where do mortgage rates go from here?

January 13, 2016 | Posted by: Natalie Wellings

Here's a great article explaining what's going on with the current mortgage interest rate environment. As per the author, interest rates are unbelievably low right now and yet, the housing market is c ... [read more]

Why Homebuyers Should Go for Shorter Amortizations

Why Homebuyers Should Go for Shorter Amortizations

January 6, 2016 | Posted by: Natalie Wellings

There are many different plans of attack when attempting to pay your mortgage off faster. In this article, from The National Post, the author argues that a shorter amortization is a good strategy. Equ ... [read more]

Jim Flaherty weighs in on the low rate war

Jim Flaherty weighs in on the low rate war

December 30, 2015 | Posted by: Natalie Wellings

5 year fixed rate mortgages just came down, again. I've never seen rates this low before. But, is it good for the health of the housing market? Finance minister, Jim Flaherty weighs in.  Cu ... [read more]

Why the Home Buyers' Pan should be eliminated

Why the Home Buyers' Pan should be eliminated

December 23, 2015 | Posted by: Natalie Wellings

  In this article, Rob Carrick from the Globe and Mail explains why he believes the federal government should eliminate the Home Buyers' Plan (the plan allows first time home buyers to withdraw ... [read more]

11 Tips for Financial Health

11 Tips for Financial Health

December 16, 2015 | Posted by: Natalie Wellings

I am a regular reader of Moneyville, a fantastic online resource for personal finance tips and tricks. They have recently shut down and re-opened as the Toronto Star's personal finance. The editor wa ... [read more]

Bank of Canada- Rate Announcement

Bank of Canada- Rate Announcement

December 9, 2015 | Posted by: Natalie Wellings

Once again, the Bank of Canada has announced that it won't be changing interest rates -- so variable rate holders will continue to see their mortgage rates stay the same, as the overnight rate conti ... [read more]

Should you take out an RRSP loan this year?

Should you take out an RRSP loan this year?

December 2, 2015 | Posted by: Natalie Wellings

  Let’s be real; saving money can be hard. Attempting to invest enough for retirement can be so unexciting we will often find anything to spend our hard earned dough on other than retireme ... [read more]

Why I find Mortgage Brokers invaluable...

Why I find Mortgage Brokers invaluable...

November 25, 2015 | Posted by: Natalie Wellings

I sing the praises of Mortgage Brokers every day, but it’s always nice to hear it from a consumer’s mouth. Here’s an article sent to me this morning through Axiom... Why I find M ... [read more]

Let this be the last year you stress about RRSP contributions!

Let this be the last year you stress about RRSP contributions!

November 18, 2015 | Posted by: Natalie Wellings

Now that the holidays have been and gone, many Canadians are turning their attention to the upcoming RRSP season. March 1st is the deadline to contribute to your RRSP and have it reduce your 2012 taxa ... [read more]

How to live like the millionaire next door

How to live like the millionaire next door

November 11, 2015 | Posted by: Natalie Wellings

  It's 2013 and a fresh start. Time to get back on track with your savings. But how? Here's a great article on how to start from MoneyVille: How to live like the millionaire next door By Adam ... [read more]

Holiday Hours

Holiday Hours

November 4, 2015 | Posted by: Natalie Wellings

In observance of Christmas, my office will be closed until December 27th 2012. I will be returning all calls and emails then. Have a safe and happy holiday! ... [read more]

Top 10 Places to Raise a Family in Canada- 2012

Top 10 Places to Raise a Family in Canada- 2012

October 28, 2015 | Posted by: Natalie Wellings

I just happened to come across this rather old article but I was amazed at how many cities in Alberta were on this list. Out of Moneysense's 10 best places to raise a family in Canada, 5 were in Alber ... [read more]

Avoiding a financial holiday hangover

Avoiding a financial holiday hangover

October 21, 2015 | Posted by: Natalie Wellings

The holiday season is in full swing and while this should be a time of great joy, many of us end up feeling tapped out and stressed. Here’s a great article from the National Post offer ... [read more]

Bank of Canada announcement

Bank of Canada announcement

October 14, 2015 | Posted by: Natalie Wellings

How many ways can you say 'Bank of Canada stands pat on interest rates'? Nevermind - we're not complaining! Today the Bank of Canada announced - yet again - that it will maintain its overnight rate a ... [read more]

Credit reporting errors: don't be a victim

Credit reporting errors: don't be a victim

October 7, 2015 | Posted by: Natalie Wellings

On The National last night they featured a story about errors on credit reports. While this problem isn’t all that common, when it does occur it can create havoc with your life! I have come acro ... [read more]

Finally! Alberta Introduces mandatory New Home Warranty legislation

Finally! Alberta Introduces mandatory New Home Warranty legislation

September 30, 2015 | Posted by: Natalie Wellings

Finally! Alberta introduces mandatory New Home Warranty legislation It’s long overdue; mandatory new home warranty. Click the link to watch the news story explaining the details: http ... [read more]

Big ambitions need savings plan to match

Big ambitions need savings plan to match

September 23, 2015 | Posted by: Natalie Wellings

Shane and Sarah are in their early thirties and are just starting a family. Their dreams include a bigger house, more children and a cottage but can they afford to have it all? Here’s a sobering ... [read more]

Mortgages- Harder for the self employed?

Mortgages- Harder for the self employed?

September 16, 2015 | Posted by: Natalie Wellings

  Here’s a great article I just came across in the Globe and Mail explaining the ins and outs of getting a mortgage if you are self employed. Most mortgage brokers specialize in th ... [read more]

Saving up for a down payment: The young adult's struggle

Saving up for a down payment: The young adult's struggle

September 9, 2015 | Posted by: Natalie Wellings

In an era where rates of savings are down, it appears to be increasingly harder for first time buyers to save the necessary down payment for their first home. Many banks and financial advisers will su ... [read more]

Edmonton: A City Well Built

Edmonton: A City Well Built

September 2, 2015 | Posted by: Natalie Wellings

If you're thinking of moving to Alberta's Capital City and you're wondering what we have goin' on check out this great video showcasing the great development happening in Edmonton! Video: http://www. ... [read more]

Buying a condo? What is the difference between Titled and Assigned Parking?

Buying a condo? What is the difference between Titled and Assigned Parking?

August 26, 2015 | Posted by: Natalie Wellings

If you’re thinking of buying a condo, one of the items you may want to consider when choosing one building over another is whether parking is assigned or titled. There is a big difference betwee ... [read more]

What do the recent mortgage changes mean to your bottom line?

What do the recent mortgage changes mean to your bottom line?

August 19, 2015 | Posted by: Natalie Wellings

Here a quick calculation on the impact of the recent amortization changes on a $300,000 mortgage using an interest rate of 3.09% (the current five year fixed mortgage rate)... Monthly payment w ... [read more]

BIG CHANGES TO MORTGAGE QUALIFICATIONS

BIG CHANGES TO MORTGAGE QUALIFICATIONS

August 12, 2015 | Posted by: Natalie Wellings

June 21st 2012: In an announcement made earlier today, the Federal Government, via Jim Flaherty has clamped down on mortgage qualification rules. This is the fourth tightening in the last four ... [read more]

Sometimes home is sweeter when it's small

Sometimes home is sweeter when it's small

August 5, 2015 | Posted by: Natalie Wellings

In this age of rising energy costs and increasing housing costs, more people are opting to raise their families in smaller homes. In the 1950s, the average house was approximately 900 square feet - do ... [read more]

Buying a house? Don't go to the bank

Buying a house? Don't go to the bank

July 29, 2015 | Posted by: Natalie Wellings

By lesleyscorgie, Metro CanadaI sold my property last week and I’m in a mad scramble to find a new home. With my wish list in hand and a pre-approved mortgage under my belt, I’m confid ... [read more]

A sobering reminder; can you reasonably afford the house you want?

A sobering reminder; can you reasonably afford the house you want?

July 22, 2015 | Posted by: Natalie Wellings

Just because a mortgage lender (ie. me and the lenders I work with) tells you that you qualify for a mortgage doesn’t mean you should run out and buy the first house for the full amoun ... [read more]

I'm starting to sound like a broken record!

I'm starting to sound like a broken record!

July 15, 2015 | Posted by: Natalie Wellings

In today’s announcement by the Bank of Canada, the key interest rate has remained unchanged at 1%. This means no change to the prime lending rate charged by financial institutions (and c ... [read more]

An important reminder: Don’t assume a pre-approval is set-in-stone

An important reminder: Don’t assume a pre-approval is set-in-stone

July 8, 2015 | Posted by: Natalie Wellings

Bidding wars have become commonplace in hot markets across the country - and so have 'clean' offers, or those that are free from all conditions. While forgoing something like an inspection is risky ... [read more]

Demystifying mortgage prepayment penalties

Demystifying mortgage prepayment penalties

July 1, 2015 | Posted by: Natalie Wellings

When signing a new mortgage, it's easy to get caught up with things like rate and monthly payments, and overlook the features we may need down the road - like prepayment privileges. It doesn't help ... [read more]

Variable rate mortgage holders rejoice!

Variable rate mortgage holders rejoice!

June 24, 2015 | Posted by: Natalie Wellings

In an announcement earlier today, the Bank of Canada has held steady on its key interest rate making this the 12th announcement with no changes...the next scheduled interest rate announcement is Apr ... [read more]

Unhappiness & the Fear of Not Fitting In

Unhappiness & the Fear of Not Fitting In

June 17, 2015 | Posted by: Natalie Wellings

Unhappiness & the Fear of Not Fitting In In light of Mark Carney’s latest warning about the high levels of consumer debt I offer you a sobering article from Gail Vaz-Oxlade about what we ... [read more]

HBP vs TFSA to buy your first Home

HBP vs TFSA to buy your first Home

June 10, 2015 | Posted by: Natalie Wellings

When it comes to scrounging up a down payment for a first home, many homebuyers take money where they can find it. If they've been socking away money in their RRSP for the last few years - and reapin ... [read more]

A glimpse into the future: The 2012 Realtors Housing Forecast Seminar

A glimpse into the future: The 2012 Realtors Housing Forecast Seminar

June 3, 2015 | Posted by: Natalie Wellings

Yesterday I had the pleasure of attending the annual C at the Northlands Expo Centre. I love attending this annual event because it gives me a quick overview of what’s been happening in the real ... [read more]

Interest Rates down again!

Interest Rates down again!

May 27, 2015 | Posted by: Natalie Wellings

Hope you’ve all had a great Christmas and are having a very Happy New Year so far! Wanted to let you all know that the five year interest rate has come down yet again, we are now sitting at 3.29 ... [read more]

Merry Christmas and Happy New Year!

Merry Christmas and Happy New Year!

May 20, 2015 | Posted by: Natalie Wellings

It’s hard to believe another year is quickly drawing to a close! The holiday season is a great time to stop, take a little break and realize how thankful you are for everything in your life.So ... [read more]

Housing market remains

Housing market remains

May 13, 2015 | Posted by: Natalie Wellings

The Canadian Real Estate Association has released its latest numbers, showing that existing home sales rose in November. The association cites low mortgage rates as the major factor in the increase ... [read more]

Preparing for larger mortgage and debt payments

Preparing for larger mortgage and debt payments

May 6, 2015 | Posted by: Natalie Wellings

Mortgage interest rates have been at historical lows for quite some time, as we all know, this can only last so long. At some point interest rates will rise and many Canadians will be faced with highe ... [read more]

Minimalist living

Minimalist living

April 29, 2015 | Posted by: Natalie Wellings

If you've ever pined for more closet space - or a bigger garage - check out these homes. You'll feel better for it!http://blog.buzzbuzzhome.com/2011/04/coolest-tiny-houses-in-world.html ... [read more]

We should be more like Edmonton

We should be more like Edmonton

April 22, 2015 | Posted by: Natalie Wellings

  Toronto wishing it was more like Edmonton? Yes, folks...that’s right! Read on to see how the River City rivals other large Canadian cities in regards to its eco-friendliness. We Sho ... [read more]

Why it isn't a good idea to keep all your eggs in one basket!

Why it isn't a good idea to keep all your eggs in one basket!

April 15, 2015 | Posted by: Natalie Wellings

Here’s a very interesting article written by a very knowledgeable mortgage broker in Ontario regarding why it’s often not a good choice to hold all of your bank accounts, mortgages, cred ... [read more]

Bank of Canada- No change to prime lending rate

Bank of Canada- No change to prime lending rate

April 8, 2015 | Posted by: Natalie Wellings

As predicted, in an announcement earlier today the Bank of Canada has left its key interest rate unchanged at 1%. This is good news for variable rate mortgage holders, and the even better news is that ... [read more]

Edmonton is more than a mall

Edmonton is more than a mall

April 1, 2015 | Posted by: Natalie Wellings

What’s the first thing that comes to mind when you mention Edmonton to someone elsewhere? The mall. Yes, we are so much more than that! A great, smaller city with a lot of options for having a g ... [read more]

Do we need even MORE changes to mortgage qualification rules? The IMF thinks so!

Do we need even MORE changes to mortgage qualification rules? The IMF thinks so!

March 25, 2015 | Posted by: Natalie Wellings

Thursday, October 6, 2011 I heard something a little alarming on the radio this morning; the International Monetary Fund has released a warning that Canadian’s may be taking on too much d ... [read more]

Bank of Canada maintains overnight rate target at 1 per cent

Bank of Canada maintains overnight rate target at 1 per cent

March 18, 2015 | Posted by: Natalie Wellings

Wednesday, September 7, 2011 Ottawa, Ontario - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per ... [read more]

Canada's Smallest House is on the market

Canada's Smallest House is on the market

March 11, 2015 | Posted by: Natalie Wellings

A Realtor friend of mine, Jeanine Boutet, posted this on her page the other day and I fell in love with this little house! It was built in 1912, is 350 square feet and totally adorable! This little ... [read more]

Your Home Purchase: Part 4

Your Home Purchase: Part 4

March 4, 2015 | Posted by: Natalie Wellings

Monday, August 29, 2011 Your Home Purchase: Part 4 The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next ... [read more]

Your Home Purchase: Part 3

Your Home Purchase: Part 3

February 25, 2015 | Posted by: Natalie Wellings

The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be di ... [read more]

The Top ten things that DON’T make me a 'good' mortgage broker

The Top ten things that DON’T make me a 'good' mortgage broker

February 18, 2015 | Posted by: Natalie Wellings

Friday, August 19, 2011 The Top ten things that DON’T make me a 'good' mortgage broker This is an article written by a mortgage broker in Kelowna, BC that I greatly respect and admire! She ... [read more]

Your Home Purchase: Part 2

Your Home Purchase: Part 2

February 11, 2015 | Posted by: Natalie Wellings

The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be di ... [read more]

Your Home Purchase: Part 1

Your Home Purchase: Part 1

February 4, 2015 | Posted by: Natalie Wellings

The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be di ... [read more]

Turning your principal residence into a rental

Turning your principal residence into a rental

January 28, 2015 | Posted by: Natalie Wellings

So, you're ready to move out of your starter home and into a larger residence. The thing is, your first home is so well-located that you'd love to hold onto it for a little longer - and maybe use it ... [read more]

Buy a house, keep a little money in your jeans

Buy a house, keep a little money in your jeans

January 21, 2015 | Posted by: Natalie Wellings

This week I am going to highlight a great product I can offer! One of the lenders I work very closely with offers a fantastic designer mortgage product which allows you to choose various cash back opt ... [read more]

Prime stays the same...

Prime stays the same...

January 14, 2015 | Posted by: Natalie Wellings

In an announcement earlier today, the Bank of Canada left their key interest rate unchanged. The central bank cited several reasons for its decision including a slowly-recovering export market due to ... [read more]

The good times are almost here

The good times are almost here

January 7, 2015 | Posted by: Natalie Wellings

As I lay in bed this morning willing my eyes to open I was half listening to CBC radio’s morning show. They were interviewing a woman working in HR at Ledcor. They are on a hiring spree, trying ... [read more]

Don't accept the first price upon renewal

Don't accept the first price upon renewal

December 31, 2014 | Posted by: Natalie Wellings

Remember all the work and research that went into finding the best rate for your first mortgage? Whether you spent months making sure your credit was as good as can be, or spent hours on the I ... [read more]

Job seekers heading back to Alberta

Job seekers heading back to Alberta

December 24, 2014 | Posted by: Natalie Wellings

According to this Globe and Mail article, Statscan reported that after a two year lull, Alberta now registers as the province with the fastest first quarter job growth in Canada.The majority of migran ... [read more]

Flaherty: No more changes to mortgages

Flaherty: No more changes to mortgages

December 17, 2014 | Posted by: Natalie Wellings

Jim Flaherty, Canada’s Finance Minister, announced that he does not have plans to tighten mortgage rules any further. Flaherty stated that the country’s housing market remains healthy fo ... [read more]

Weird and wonderful facts about Edmonton!

Weird and wonderful facts about Edmonton!

December 10, 2014 | Posted by: Natalie Wellings

I was browsing around the internet, trying to find the latest statistics on the population of the Capital City; I came across the Wikipedia page dedicated to all things e-town and I learned some surpr ... [read more]

The perks of using a real estate agent

The perks of using a real estate agent

December 3, 2014 | Posted by: Natalie Wellings

With the Competition Bureau pushing for a more publicly-accessible Multiple Listings Service (MLS), and for-sale-by-owners sites, such as Property Guys, picking up steam, you may be tempted to forgo ... [read more]

Best place to raise a family in Canada? St. Albert!

Best place to raise a family in Canada? St. Albert!

November 26, 2014 | Posted by: Natalie Wellings

Best place to raise a family in Canada? St. Albert! Today’s Parent magazine has voted St. Albert as the best place to raise a family in Canada in their most recent issue.As a long ti ... [read more]

Bank of Canada holds steady

Bank of Canada holds steady

November 19, 2014 | Posted by: Natalie Wellings

As expected, the Bank of Canada left it’s key interest rte unchanged stating that they will likely not increase rates until the economy has recovered. Many are not predicting an increase to the ... [read more]

Canadians love their U.S. properties

Canadians love their U.S. properties

November 12, 2014 | Posted by: Natalie Wellings

For the fourth consecutive year, Canadians led the pack of foreign buyers sweeping up properties in the U.S. Twenty-three percent of foreign buyers were Canadian, with the next-highest group coming fr ... [read more]

Condo documents: Why they are important to review in detail

Condo documents: Why they are important to review in detail

November 5, 2014 | Posted by: Natalie Wellings

A REALTOR® friend of mine, John Carle with REMAX just posted this great article on his blog regarding purchasing a condo and the importance of reviewing your condo documentation thoroughly...."If ... [read more]

Alberta joins BC in regulating home inspectors

Alberta joins BC in regulating home inspectors

October 29, 2014 | Posted by: Natalie Wellings

As of September 1, Alberta will become the second province to ensure all home inspectors are licensed and all homeowners who use them are protected. Home inspectors will be required to successfully co ... [read more]

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