Prime Rate Drops

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At…

Fixed Vs Variable?

Fixed Vs Variable Mortgage Decision …. Look at the math! Every day I hear the question, which mortgage product should you choose, fixed or variable? What I am about to share with you will be wisdom that will work in any market conditions, and perhaps most importantly – it will…

Impact of Rising Rates

2018 was a year of rising interest rates and a tighter lending environment. This question often comes up – how much are buyers impacted if interest rates continue to climb up? Here is a recap of how your maximum mortgage amount is calculated: 1. GDS (Gross Debt Service Calculation: You…

Rates & Rule Changes

Due to the recent Government Rule changes, putting a large down payment on a home in Edmonton doesn't mean you get the best rates anymore. Savers with a larger down payment literally get you a higher interest rate than someone who puts less than 20% down payment. Within the last…