Mortgage News 
Updates on the last financing, rates and products available
There are currently 3 blog entries related to this category.
SCH Featured Post from Conexia Mortgage
Friday, January 20th, 2012 at 9:58am. 1442 Views, 0 Comments.
Today's post is courtesy of Tyler Tost, owner and broker at Conexia Mortgage. It was also a feature in our January 2012 edition of Smart Calgary Homes News! Check it out (and subscribe!) here.
Currently, we are in a very low interest rate environment in Canada. Interest rates move in cycles, right now we are likely near the bottom of the interest rate cycle.
As we enter 2012, the economic forces that have kept our interest rates very low over the past few years will likely continue well into the year. The factors that will have the strongest impact on our interest rates over this year are the ongoing European fiscal crisis, an election year in the US, and the rate of growth in the developing world.
According to the Bank of Canada, Canadian 5-year…
The C.P.R.'s Influence on Calgary Neighbourhoods
Wednesday, September 15th, 2010 at 10:48am. 1311 Views, 3 Comments.
The latest page up on our site is about Cliff Bungalow real estate. Like many Calgary neighbourhoods, Cliff Bungalow was built on land annexed directly from the Canadian Pacific Railway.
The CPR heavily influenced the development of Calgary, being a driving force in the city’s growth, economy and layout. It also had a significant influence on the development of Calgary neighbourhoods, establishing boundaries and layouts that linger on, even today.
Canadian Pacific Railway in Calgary: The Beginning
In August 1883, the banks of the Elbow River were lined with merchants and businessmen who had come to take advantage of the completion of the Canadian Pacific Railway. The CPR was to open Calgary up to the East and provide a corridor for…
Low mortgage rates still available! 3.89% for 5 years.
Tuesday, March 30th, 2010 at 9:13am. 310 Views, 0 Comments.
Yesterday Royal Bank of Canada announced it was raising its 5 year fixed mortgage rate by 0.6% and most of the other big banks followed. The lower term mortgages of 3 and 4 years also were increased. The days of historically low mortgage rates are starting to come to an end.
Bank prime rate remains at a low 2.25% for people who opt to go for a variable rate mortgage. Variable vs. fixed rate mortgages are often debated and there are excellent arguments for both. At the end it boils down to the level of risk that you feel comfortable with when taking on a mortgage.
On a positive note. . . MY MORTGAGE AGENT HAS CONFIRMED THAT SHE CAN STILL LOCK IN MY CLIENTS WITH A 3.89% 5 YEAR FIXED MORTGAGE! This will not last for much longer and can change…
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