New-build mortgage approvals in Edmonton work differently from a resale purchase because you are approved long before the home exists: you sign with a builder, pay deposits in stages, and your full approval and funding happen near possession, which can be many months later. The mortgage work splits in two — a builder cap or […]

The real difference between a fixed and a variable mortgage in Canada isn’t today’s rate — it’s what moves your payment, and what it costs to leave. Variable rates follow your lender’s prime rate (driven by the Bank of Canada), while fixed rates are set by the bond market; variable penalties are usually three months’ […]

If your Edmonton mortgage renews in the next four months — or you’re planning to buy this fall — get a rate hold this week, before the Bank of Canada’s October 28 decision. A rate hold costs nothing, locks today’s rate for typically 90 to 120 days, and still lets you take a lower rate […]