Edmonton Real Estate Blog

The Edmonton mortgage rates are in your favor this Wednesday. With the low rates at hand, owning that dream Edmonton home can finally be a reality.

Our friend Chita Metcalfe of the Edmonton Mortgage Source gave us the updates below. Enjoy!

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

Update 01/05/2017: Rates have increased.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

The Edmonton mortgage rates are virtually unchanged, creating a great opportunity for Edmonton home buyers and investors to take advantage of it before the new year sets it.

We never know how much increase will happen in 2017… so you too, should take advantage of it.
If you’re ready to buy, call Serge today at 780-995-6520.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

Here’s your Edmonton Mortgage Rate Update this week!

Follow me on Instagram @SergeBourgoin and get a first hand view on how I’m helping Edmonton home buyers and sellers.

For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.

The big news today? The mortgage rate environment in Edmonton is on a stand still.

If you’re thinking of finally buying that property you’ve been eyeing this past several days, now is the best time to act. Best to take advantage of the mortgage rates now than wait into the unforeseen future.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

This Wednesday, we’re kicking off our new blog segment for Edmonton Mortgage Rates. With the help of Chita Metcalfe from The Mortgage Group, we will publish the interest rates that you need to know every Wednesday.

It’s best you take advantage of the current interest rates. Don’t wait for too long to own the Edmonton home you want, Chita is here to help you get pre-approved and have the financing that you need.

Variable rates change frequently, contact Chita for current rates

Just in case you missed the news about Canada’s New Mortgage Rules, here’s a quick summary of the event as discussed by Serge and Chita.

Remember to follow Serge on Instagram @SergeBourgoin and get a first hand view on how he’s helping Edmonton homebuyers, sellers and investors.

For a complete list of available Edmonton homes for sale, check out the new Edmonton MLS listings.

This article was inspired by the recent piece of CBC News, “ GO PUBLIC | TD Bank client ‘devastated’ by $17,000 mortgage penalty”. I’ve seen from my Facebook feed comments stating that this was a serious problem and that there are many individuals that have been victims of huge mortgage penalties. It’s a horrible thing to happen to anyone who would like to terminate their mortgage contract with their banks.

There’s nothing much that anyone could really do about it. There’s currently no law that regulates the standardization of mortgage penalties. If you’re thinking of paying off your mortgage early, we at Team Leading Edge have compiled a list of the major banks’ penalty calculators. We all know this isn’t the most accurate tool as there are other factors that would affect the overall result but this is just as helpful in estimating the range of the penalty that you would actually pay.

1. TD Bank:
   
2. Manulife Bank:

   

3. HSBC:

   

4. Tangerine (former ING Direct):

   

5. Scotiabank:

   

6. CIBC:

   

7. RBC Royal Bank:

   

8. Bank of Montreal:

   

9. Laurentian Bank:

   

10. National Bank of Canada: