News

What to Expect from Canada’s Housing Market in 2022

What to Expect from Canada’s Housing Market in 2022

News I'd like to wish you a very happy, healthy and prosperous 2022! Not many forecasters anticipated the extent of the housing market's performance in 2021. The year ended with both home sales and average prices up over 20% compared to the previous year, driven...

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Planning on Gifting a Down Payment This Holiday Season?

Planning on Gifting a Down Payment This Holiday Season?

News The season of giving is upon us. For some parents, that means snapping up Black Friday deals to ensure happy kids on Christmas morning. For others, it could mean forking out tens of thousands of dollars to help their adult children realize their dream of...

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Don’t stress over the new mortgage “stress” test

Don’t stress over the new mortgage “stress” test

NewsAs you probably know, the mortgage rules are changing once again, effective Jan.1, but if you’re looking to buy a home, the time to act is now.  It’s expected that many federally-regulated lenders will implement the changes before the set date, perhaps by early...

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New Year, New Rules – 2018

New Year, New Rules – 2018

NewsNew year rings in with new rules... How large of a mortgage do we qualify for now and after January 1, 2018? Ready for a Better Experience?First Avenue Financial – Okotoks 205 – 15 McRae Street, PO Box 1483 Okotoks, Alberta T1S 1B4 Office: 403-938-6888...

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Mortgage rule changes are on the way

Mortgage rule changes are on the way

NewsThere isn’t much doubt that more significant mortgage rule changes are on the way, perhaps as early as Oct. 2.Canada’s banking regulator, OSFI (the Office of the Superintendent of Financial Institutions), is attempting to cool down certain hot housing markets by...

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Renew Early Rates on the Rise

Renew Early Rates on the Rise

NewsWe Can Save You Thousands of Dollars by Switching Your Mortgage Now! The era of nice surprises for people renewing their mortgages is over! After five years of trending lower, mortgage rates have reversed course and started to rise. Aspiring first-time home buyers...

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Watch Out For the Tack Hiding in TD’s Big Green Easy Chair

Watch Out For the Tack Hiding in TD’s Big Green Easy Chair

NewsTD has recently launched a new mortgage program that will be sold to their clients as being comfortable, supportive and really good for them, a lot like that over-stuffed green leather chair we're all familiar with. But there's a bit of a nasty surprise waiting...

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Know Your Beacon Scores to Manage Your Credit

Know Your Beacon Scores to Manage Your Credit

NewsBeacon scores are a single number that summarizes your credit situation and shows lenders what kind of risk you're likely to be as a borrower. The article below is a basic overview of their importance. We hope you enjoy it. Beacon Score Basics for Mortgage Hunters...

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