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Budget 2025 & the Alberta Mortgage Market: What Buyers and Homeowners Need to Know

  The federal government has released its 2025 budget, and while the focus is largely on long-term housing supply, there are several key items that matter for buyers, homeowners, and investors in the Edmonton-area markets — including Spruce Grove, Stony Plain, St. Albert, Leduc, Beaumont, and Sherwood Park . Below is a clear, Alberta-specific breakdown of what changed, what didn’t, and how this affects mortgage decisions over the coming year. 1. The Rate Environment: What It Means in Alberta The Bank of Canada recently reduced its policy rate to 2.25% , bringing mortgage prime down to 4.45% . This matters for our markets because: Variable-rate mortgages are becoming competitive again. Payment shock for renewals may ease slightly. But—and this is key— we do not expect dramatic further rate drops due to ongoing inflation pressures. Bottom line: Alberta borrowers now have more flexibility. Variable may start to make sense again, but choosing between fixed and variable...
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New and Improved Website Coming Soon... and some updates! :)

I am so happy to announce that I will be having a new website I am designing! What a learning curve I can tell you - I had someone plug in the theme to use and help with some charts and pictures but I am happy to say I have been the one to put it mostly together! I think however I will stick to Mortgage Building vs Web Building! lol, I am way better at the former than the latter that is true. Speaking of mortgages, as you already know the Bank of Canada has already left the overnight rate as is... so what does that mean for you? The lenders are still offering stable rates with nothing really going up to high or down to low... rates have been pretty consistant. The thing that has not remained steady are mortgage products. Most lenders have now all followed suit in regards to using a 3% payment caculation on all unsecured lines of credit and credit cards vs using the provable payment. This makes things I find tight for First Time Buyers when looking at what they qualify for. For exampl...
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Banker vs Broker ...

So I came across an article in the Globe and Mail the other day titled, " Mortgage seekers wonder: Broker or Bank? " And I gotta say, as a mortgage broker whom has come from the banking industry it has left me with a few unanswered questions. But lets see if we can break this article down a bit shall we? " Among the many tough decisions first-time home buyers face is whether to use a mortgage broker or rely on a bank to secure a mortgage. " Is how the article starts, so lets start playing with this puzzle shall we. This statement, '... or rely on a bank to secure a mortgage... ", did the author of this piece not understand that mortgage brokers can use banks to secure mortgages for their clients? Several in fact. Myself here in Alberta, I can use TD Canada Trust, Scotiabank, Canadian Western Bank to name a few.    Another puzzle piece is in paragraph 3, "... The latest, passed last fall, requires those who are applying for an insured mortgage...
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