LATEST NEWS

We’ll keep you in the loop.

Why Work with a Calgary Mortgage Broker Instead of a Bank?

When it comes to securing a mortgage, one of the biggest decisions you’ll make is choosing between working with a mortgage broker or going directly to a bank. While both options can help you finance your dream home, there are distinct advantages to working with a Calgary-based mortgage broker, especially if you’re looking for personalized…

Understanding Closing Costs: What Canadian Homebuyers Need to Budget For

Purchasing a home is an exciting milestone, but it comes with more costs than just the down payment and mortgage. One of the most overlooked aspects of buying a home in Canada is the array of closing costs involved in finalizing the purchase. Understanding these expenses will help you avoid surprises and budget effectively for…

Yearly Mortgage Review

As we embrace the opportunities of the new year, our team at Canadian Mortgage Professionals is here to ensure your mortgage works as hard as you do. A yearly mortgage review can make all the difference in reaching your financial goals. Here’s why: Re-Evaluate Your Mortgage Rate Mortgage rates can fluctuate significantly, and market trends…

Avoid Falling into Mortgage Traps

When searching for the right mortgage, it’s important to look beyond the numbers. While a lower rate might catch your eye, it often comes with hidden conditions that can lead to higher costs and reduced flexibility. Understanding these potential pitfalls will help you make an informed decision and avoid costly surprises. The True Cost of…

Add a Secondary Suite with an Insured Refinance

Expanding Housing Options with New Mortgage Rules   The federal government has introduced a mortgage rule change designed to increase access to home equity funds, making it easier for homeowners to finance the addition of secondary suites. These refinances, previously unavailable since 2016, are back and aim to help Canadians cover the costs of building…

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?…

Your Winter Home Maintenance Checklist

Prepare Your Home for the Canadian Winter If you know our mortgage broker, Bob, you know he’s a man who takes care of both his house and office with meticulous attention. After all, why not? You’re protecting the biggest purchase of your life! As we approach the colder months, it’s time to ensure your home…

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…

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…

Navigating Rising Mortgage Delinquencies: An Opportunity for Homeowners!

Recent reports have brought to light an increasing concern for many Canadian homeowners: rising mortgage delinquencies and negative amortizations, particularly with variable-rate mortgages (VRMs). As prime rates have increased over the past two years, many homeowners with VRMs have found themselves in a challenging situation where their mortgage payments do not adjust with the changing…

Understanding How Different Types of Debt Impact Your Mortgage Approval

When it comes to getting approved for a mortgage, the type of debt you carry can significantly influence a lender’s decision. Lenders typically assess debt in one of two ways: either by considering the entire balance and calculating it into monthly payments or by factoring in the actual monthly payment impact on your cash flow.…

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…