Alberta Housing Market Update

February continued where January left off with strong sales for Alberta (+61.6% year-over-year) and all submarkets except Fort McMurray. Calgary and Edmonton are still showing a lot of strength with some sales getting multiple offers.

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ALBERTA BROKERAGE OF THE YEAR

Big News Just Announced! Our brokerage is elated to have been recognized as The Alberta Brokerage of the year for 2020. We are so honoured to have such amazing, hardworking brokers and staff that make up this team of ROCKSTARS!

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What Does a COVID-19 Vaccine mean for Mortgage Rates? 

On December 9th, The Bank of Canada announced that the overnight rate would remain unchanged at .25% which was not a surprise as it’s been at this rate for the majority of the year.

With the exciting news of several successful COVID-19 vaccines, it has increased the economic outlook, however there will likely be delays with the acquisition and distribution to Canadians.

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MMG's Virtual Silent Auction!

Our sincerest thank you to everyone for your generous contributions, participation and donations. Together we were able to raise over $8,700 in one short week.

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MMG Supports Charity!

We are so honoured to continue to support the Ronald McDonald House Charity through the Home For Dinner Program by providing amazing meals for some truly deserving families.

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In your AREA

MMG Mortgages is honored to participate in the first special edition podcast of In Your AREA by the Alberta Real Estate Association. As a guest speaker, we discuss changes in the mortgage place, qualifying after deferrals, rising penalties and so much more.

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Here's what they mean for you!

Given the COVID-19 pandemic and it’s impact in the housing economy CMHC announced changes to its mortgage insurance underwriting criteria yesterday afternoon.

Effective July 1st the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance:

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