Illustration of house in the fall with the canadian mortgage professionals logo

Fall 2024 Residential Mortgage Market Insights

Key Trends for Canadian Homeowners The latest trends in Canada’s residential mortgage market reveal shifts in borrowing patterns, rising delinquency rates, and a cautious approach from traditional and alternative lenders alike. Whether you’re a homeowner, or a prospective buyer, understanding these trends can guide smarter financial decisions. Interest Rates and Borrowing Preferences in Canada 2024…

illustration of man pulling out paperwork of folder

Alberta’s New Land Titles Registration Levy: What Home Buyers Need to Know

As of October 20, the Alberta government has introduced a new land titles registration levy that significantly increases fees for land transfers and mortgage registrations. This adjustment, announced in the provincial budget earlier this year, has come as a surprise to many Albertans, especially those planning to buy property or refinance their mortgages. What’s Changed?…

Picture of House with graphs and numbers

OSFI Ends Stress Test Requirement for Uninsured Mortgage Renewals

Big News for Homeowners The Office of the Superintendent of Financial Institutions (OSFI) has announced a significant change in the mortgage landscape that will benefit many Canadian homeowners. Effective soon, borrowers with uninsured mortgages will no longer be required to complete a stress test when switching lenders at renewal time.   What Does This Mean…

Illustration about changes to mortgage rules

Changes To Mortgage Rules

Recent changes to mortgage rules, announced by Finance Minister Chrystia Freeland, are designed to help more Canadians—especially younger ones—achieve the dream of homeownership. These changes, set to take effect in December, aim to provide greater flexibility and opportunity for homebuyers in today’s evolving housing market.   Boosting the Price Cap for Insured Mortgages One of…

Illustration of Canadian Landscape With Maple Leaf Floating in the clouds

Why Choose Canadian Mortgage Professionals

Calgary’s Trusted Mortgage Experts Are you looking for expert mortgage advice in Calgary? At Canadian Mortgage Professionals, we’re proud to serve the Calgary community with unparalleled mortgage services backed by over 35 years of experience. Our broker and owner, Bob Reader, has dedicated his career to helping Calgarians secure the best mortgage solutions tailored to…

Calgary Council Rejects Plebiscite for Proposed Rezoning

What Does This Mean for Homeowners looking to add potential housing and income through rentals to their existing land. In a recent decision that could significantly impact the future of Calgary’s residential landscape, the City Council voted against holding a plebiscite(vote) on the proposed blanket rezoning initiative. This move comes amidst heated debates surrounding the…