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The Not-So Hidden Gem of Edmonton’s Real Estate Market

Alberta is known for its oil sands, and it should be: Alberta’s oil sands are the third-largest proven crude oil reserve in the world. But Alberta’s provincial capital, Edmonton, has much to offer, including research, education, and, for first-time home buyers,...

Bank of Canada Rate Update – No Change

The Bank of Canada today announced that it is maintaining it’s target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The global economy is progressing largely as the Bank anticipated in...

New CMHC Down Payment Rules Now in Effect

New federal mortgage rules are now officially in effect, but most market watchers don’t expect to see much change. Just to recap: Ottawa has boosted the minimum down payment on insured mortgages valued at $500,000 to $999,000. In order to get mortgage insurance...

Foreign Real Estate Investment in Canada

Questions about foreign ownership in Canada’s real estate market have been loud, lingering and largely unanswered. Canada Mortgage and Housing Corporation is promising to address that with the release of its latest Housing Market Insight (HMI) report on...

November Housing Market Commentary

Strong employment numbers in both Canada and the United States have market watchers focusing on interest rates again, especially in the U.S. The Canadian figures, while impressive, are not as significant as the American numbers. Canada generated 44,000 new jobs in...

Slower Housing Starts

Welcome to Mortgages For Less.ca, forward thinking Calgary mortgage brokers. With home prices continuing to rise and and the on-going rebound in sales the home selling industry is looking forward to a good year in 2014. But the home building industry is showing...

RRSP or Mortgage Pay-Down?

If you’re looking for a skilled Calgary mortgage broker please give us a call today: 403-241-3255 At this time every year the perennial question arises, pay down the mortgage or top up the RRSP? Traditionally the answer has been, top up the retirement savings...

Are Canadians Saving?

Mortgages For Less provides great advice with years of experience getting new home buyers qualified and with the best rates.B If you’re searching for the right mortgage broker in Calgary give us a call: 403-542-4882 As the holiday bills arrive, the RSP vendors...

Thinking About Buying Your First Home? Consider These Questions

If you are considering buying your first home, an exciting step no matter where you are in life. From a university graduate, to a newly married couple, to someone who is later on in life and ready to root down somewhere, buying your first home is exciting, but at the...

Mortgage Rate Projections

Mortgage rates continue to be a major question for those looking to buy a home. Concerns about rising rates linger and there appear to be mixed signals coming from the Bank of Canada.