Ways to Fix your Credit Score

It is essential to fix issues on your credit bureau before applying for a mortgage. Here are some tips to improve your credit and increase your credit score. The best time to start working on your credit is now, 6-12 months before you apply for a new mortgage. If you’ve had severe credit challenges, it […]

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Pre-qualification vs Pre-approved for a Mortgage

Looking to get pre-qualified for a mortgage? Or wait, should you get pre-approved instead? If you are like most people, you find the two terms confusing. Not knowing the difference between being pre-qualified and pre-approved could cost you your new home!    Here is the difference: A mortgage pre-qualification allows a buyer to get an idea of what […]

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During the past few months, mortgage rates have been rising steadily. While this may have come as a shock to many homeowners and potential buyers, it’s the result of some relatively positive news. After years of wavering, the economy is showing signs of steady growth. This has caused investors to start worrying about inflation, so […]

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New "Stress Test" Mortgage Rules

The decision has been made by the Office of Superintendent of Financial Institutions (OSFI) to proceed with the mortgage rules they proposed earlier this summer. OSFI is an independent agency of the Government of Canada that reports to the Minister of Finance. It was created to contribute to public confidence in the Canadian financial system. OSFI is the sole regulator of […]

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October Community Events

Who doesn’t love that crisp feeling of fall? Get out and enjoy it by checking out some of these local events happening in October around Edmonton, Spruce Grove, Stony Plain and area. October 1, 2017 Run for the Cure in Edmonton Tie up your running shoe tight and come out to support a great cause. This run […]

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Canadian banks are required by law to insure “high ratio” mortgages against default. “High ratio” refers to mortgages with less than a twenty percent down payment. Default insurance is typically provided by companies such as Canada Mortgage and Housing Corporation (CMHC), Canada Guaranty (CGI), or Genworth Canada. Insurers provide a safety net for banks by […]

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We are winding-down the 2017 summer festival season! Check out some of these local events happening in September around Edmonton, Spruce Grove, Stony Plain and area. September 2, 9, 16, 23, 30, 2017 The Stony Plain Farmers’ Market Stop in at the Stony Plain Community Center, 5008 – 51 Avenue, from 9am-1pm to visit 70 different […]

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