The Canada Mortgage and Housing Corporation (CMHC) announced on January 17, 2017 that it will increase its homeowner mortgage loan insurance premiums effective March 17, 2017. Now that the deadline is only two weeks away many new home buyers in Edmonton are scrambling to try to find a home before the increase. All of this […]
By now many of you reading this have already heard about the new housing measures unveiled earlier this week by Finance Minister Bill Morneau. Here is a brief summary of those changes: Mortgage Rate Stress Test to All Insured Mortgages Eligibility Requirements for Low-Ratio Mortgage Insurance Capital gains exemption for a primary residence A potential […]
Our own Brandon Scott was recently on Breakfast TV with Bridget Ryan talking about how to ride the wave of the energy industry and properly plan as we go into the busiest time of the year for home financing and purchase. Click the image to watch the segment!
For most of us ‘tis the season to be jolly; our homes are transformed with holiday decorations and the smell of sugar cookies fills the air. With everyone’s social calendar being so busy his time of year common sense can sometimes be overlooked. It’s a good idea to be reminded of some helpful hints ensuring […]
A speech was given last week by Julie Dickson from the Office of the Superintendent of Financial Institutions (OSFI). The role of OSFI is to regulate banks, trust companies and pension plans for the greater good of the Canadian public by controlling and managing risk. Julie Dickson, appointed as Superintendent in 2007, was the first […]
Brandon Scott is a Sherwood Park / Edmonton Mortgage Broker and the author of a weekly column entitled Real Estate Solutions in the Sherwood Park News. This article was originally published on May 10, 2013 Our province attracts people from all over Canada and abroad. It is because of our entrepreneurial spirit, the strong economy, […]
On July 31, 2012 FirstLine Mortgages, the wholesale mortgage division of CIBC, will cease operations. Over the years, FirstLine provided excellent mortgage rates and service to our clients without soliciting for other banking business. By closing FirstLine, CIBC will now focus on more profitable “tied” retail clients, where only CIBC mortgages are sold and cross-selling […]
Brandon Scott is a Sherwood Park based mortgage consultant and the author of a weekly column entitled Real Estate Solutions in the Sherwood Park News. This article was originally published on March 02, 2012: When a new standard or traditional mortgage is activated, the lender will register that lien (also referred to as a charge) […]
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