There has been a lot of discussion about when the first interest rate hikes will happen. Some financial markets are predicting a rate increase as early as March 2022, but the BoC Deputy Governor Lawrence Schembri stated last week that “there’s a lot of uncertainty about the timing of the closing of the output gap, so one should be careful
Read MoreAlberta Brokerage of the Year for 2021
Our brokerage is honoured to be recognized as Alberta Brokerage of the Year for the second year in a row. We are so blessed to have such hardworking, dedicated, amazing brokers and staff that make up this team.
Read MoreBuying or selling a home is usually an exciting prospect but doing either during a separation or divorce can be frightening. Almost every separation or divorce involves some sort of real estate transaction whether it be a buy-out, the sale of the matrimonial home or financing the sale of a new home. Entering into a separation agreement can make the process easier and less stressful.
Read MoreAre you interested in exploring a floating rate mortgage but don’t feel as though you have enough insight on trends or the current economy to make an informed decision whether a variable or fixed rate is the way to go? It’s always valuable to ask the experts opinion. Keep in mind that this opinion will likely change year over year or perhaps even every quarter.
Read MoreWith the election behind us and the fourth wave of Covid well underway, our bond market has been unstable but with a steady incline. Since this time last year the 5 year bond yield has increased from .37 to 1.10
Read MoreENERGY EFFICIENT REBATE
The three mortgage insurers offer a premium refund of up to 25% when you buy or build an energy efficient home, or when you buy an existing home and make energy-saving renovations.
Read MoreWhen COVID started to make a significant impact on the Canadian economy, CMHC made a decision to reduce their maximum debt to income ratios as well their minimum credit scores to reduce their perceived risk during this time. However, CMHC has now opened up their market share again back to their pre-COVID regulations. This opens up a third insurer option for mortgage applications when debt to income ratios are extended.
Read MoreHave you ever wondered about the role a mortgage broker plays in the financing of your new home purchase, renewal or refinance? One of our lender partners, Home Trust has put together a blog outlining the value of a mortgage broker.
Read MoreOn May 20, 2021 The Office of the Superintendent of Financial Institutions (OSFI) announced that they will be increasing the qualifying rate for uninsured mortgages effective June 1, 2021. You can read the announcement here. Shortly after the OSFI announcement the Minister of Finance announced that uninsured mortgages will be subject to
Read MoreTune in to listen to our Managing Partner Heather Manna in this Special Episode Podcast with AREA (Alberta Real Estate Association) provide her commentary and thoughts on market updates, trends and The Infamous Stress Test.
Read MoreDid you know that you do not have to pay a broker for their services? At least not at MMG! The financial institutions pay our brokerage house a finders fee and therefore a consumer does not need to pay.
Read MoreFebruary 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.
Read More