Katherine (Kate) Douglas, Mortgage Associate Visit My Website | Email Me | (403) 331-8553 Charting the mortgage market: a 2024 recap and a look ahead to 2025 As we usher in the new year, I’d like to wish you and your loved ones a Happy New Year, filled with health, happiness, and prosperity. With 2024 behind us, let’s take a… Continue reading Kate Douglas looks ahead to the REAL ESTATE market in 2025
Author: Tom King
Good news from Kate Douglas with THE MORTGAGE GROUP
Katherine (Kate) Douglas Visit My Website | Email Me | (403) 331-8553 Bank of Canada has cut policy rate by 0.50%. What does that mean to you? Hi Debra & Tom, I wanted to update you on the Bank of Canada’s latest decision. Today, the Bank of Canada cut its policy rate by 50 basis points (0.50 percentage points), bringing… Continue reading Good news from Kate Douglas with THE MORTGAGE GROUP
The lowest rate isn’t always the best rate. Advice from Kate Douglas of The Mortgage Group
Katherine (Kate) Douglas, Mortgage Associate Visit My Website | Email Me | (403) 331-8553 The lowest rate isn’t always the best rate: Here’s why When shopping for a mortgage, it’s easy to get drawn in by the lowest advertised rate. After all, who doesn’t want to save on interest? But there’s more to a mortgage than just the rate, and… Continue reading The lowest rate isn’t always the best rate. Advice from Kate Douglas of The Mortgage Group
Market update for Nov 5, 2024 from Ryan Smith of CIR Realty
November 2024 Real Estate Market Report: Calgary and Surrounding Areas In October 2024, Calgary’s real estate market demonstrated resilience amid evolving conditions. The Calgary Real Estate Board (CREB®) reported 2,174 sales for the month, a slight increase from September’s 2,003 transactions, and closely aligning with October 2023’s figures. In fact, the number of residential transactions… Continue reading Market update for Nov 5, 2024 from Ryan Smith of CIR Realty
Clearing Up the Confusion with Patricia McKean
Clearing Up the Confusion: Bank of Canada Rate vs. Prime Lending Rate Lately, there’s been a lot of misinformation floating around online, especially on social media, regarding interest rates in Canada. You’ve probably seen posts mentioning that the Bank of Canada rate is 3.75%, which might sound low and encouraging if you’re considering a mortgage… Continue reading Clearing Up the Confusion with Patricia McKean
Bank of Canada delivers fourth consecutive rate cut. From Kate Douglas of The Mortgage Group
Katherine (Kate) Douglas Visit My Website | Email Me | (403) 331-8553 Bank of Canada delivers fourth consecutive rate cut I wanted to give you a quick update — today, the Bank of Canada lowered its policy rate a half percentage point, bringing it down to 3.75%, a reduction of 1.25% from its peak. This is the fourth consecutive rate… Continue reading Bank of Canada delivers fourth consecutive rate cut. From Kate Douglas of The Mortgage Group
New secondary suite info from Trish McKean
I wanted to take a moment to highlight an exciting opportunity for your clients that could significantly enhance their real estate investments and living situations: secondary suites. As you may know, secondary suites are additional living spaces within a property that can serve various purposes, such as rental units or accommodations for extended family. Here… Continue reading New secondary suite info from Trish McKean
What are Alternative Mortgages? Solutions for those with unique financial situations with Kate Douglas
Katherine (Kate) Douglas, Mortgage Associate Visit My Website | Email Me | (403) 331-8553 Applying for a mortgage can feel overwhelming, especially if your financial situation doesn’t follow the typical mould. Whether you’re self-employed, have a less-than-perfect credit history, rely on non-traditional income, or are a new immigrant without an established credit record, there are creative mortgage solutions available to… Continue reading What are Alternative Mortgages? Solutions for those with unique financial situations with Kate Douglas
New Mortgage Lending Rules Got Everyone Like Whaaaaat? From Trish McKean with Mortgage Architects
New Mortgage Lending Rules Got Everyone Like Whaaaaat? Let’s Recap and Simplify! This week, the mortgage world got hit with some major updates, leaving everyone with a collective, “Whaaaat?!” Don’t worry, I’m here to break it down and simplify the changes, so you can stay ahead of the game without needing a law degree to… Continue reading New Mortgage Lending Rules Got Everyone Like Whaaaaat? From Trish McKean with Mortgage Architects
Trish’s tips from Trish McKean
When applying for a mortgage to buy a new home, there are some common pitfalls you should avoid to ensure your process goes smoothly! Don’t make large purchases or open new lines of credit. This can affect your credit score and debt-to-income ratio. Avoid changing jobs or careers. Lenders prefer stability in your employment history.… Continue reading Trish’s tips from Trish McKean