At Canadian Mortgage Professionals, we understand the importance of supporting mental health initiatives in our community. That’s why we’re excited to announce our continued partnership with Distress Centre Calgary! About Distress Centre Calgary Distress Centre Calgary has been providing 24/7 crisis support to individuals in need for over 50 years! They offer a confidential…
At Canadian Mortgage Professionals, we believe in giving back to the community that has given us so much. That’s why we are excited to announce our continued commitment to support Ronald McDonald House Calgary. For every mortgage completed with us, we will make a $30.00 donation to this incredible charity (or to one of our…
At Canadian Mortgage Professionals, we believe in making a positive impact on our community. That’s why we are thrilled to announce our continued partnership with the Alberta Animal Rescue Crew Society (AARCS). About AARCS The Alberta Animal Rescue Crew Society is a non-profit organization dedicated to rescuing and rehabilitating abandoned, abused, and surrendered animals in…
As we step into a new year, the Calgary real estate market is at a crucial juncture, with various factors shaping its trajectory. In this blog post, we bring you an in-depth analysis of the 2024 real estate outlook and how it might impact your decisions in the housing market. The Current Landscape After a…
Calgary’s real estate landscape in 2023 was characterized by robust sales, unique shifts in buyer preferences, and persistently low supply, making it a dynamic year for both buyers and sellers. In this blog post, we delve into the key trends that shaped the market and explore the factors that drove housing prices throughout the year.…
First Time Homebuyers Alert! This is for you!! If you’ve ever wondered about the ins and outs of First Home Savings Accounts (FHSAs) and how they can impact your journey to homeownership, you’re in the right place. We’re here to break down the recent insights shared by the Canada Revenue Agency (CRA) and make…
In the recent Fall Economic Statement (FES), the Liberal government introduced the Canadian Mortgage Charter (CMC) as a measure to assist homeowners facing financial challenges amid rising interest rates. This initiative aims to provide clear guidelines for financial institutions on how to support vulnerable borrowers. In this blog post, we’ll break down what the Canadian…
Good news from Canada’s Banking Regulator! After nine months of discussions with industry stakeholders, the Office of the Superintendent of Financial Institutions (OSFI) has decided not to move forward with certain proposed mortgage regulations. OSFI has confirmed that they won’t pursue two of their proposed regulations: debt-to-income (DTI) restrictions and debt service loan coverage restrictions.…
Are you considering enhancing your living space to accommodate a multigenerational household? The Canada Revenue Agency (CRA) has introduced an exciting opportunity to make this a reality with the new Multigenerational Home Renovation Tax Credit (MHRTC). This valuable credit assists Canadians in transforming their homes by creating secondary units for family members aged 65 and…
Canadian banks are reporting a surge in interest in the newly introduced First Home Savings Account (FHSA) program. This innovative initiative empowers potential homebuyers to kickstart their homeownership journey by saving and investing for a down payment, all while enjoying tax-free benefits! At Canadian Mortgage Professionals, we’re thrilled to keep you in the loop about…