The Liberal Government initiative builds on “existing guidance and expectations” for how lenders are expected to treat “vulnerable borrowers” under financial strain. Also known as a "consumer at risk" the FCAC define them as someone "with an existing residential mortgage loan on their principal residence who [is] experiencing severe financial ...
The financial landscape underwent a significant shift on July 12, 2023, as the Bank of Canada announced a pivotal rate hike. This move sent ripples through various sectors, with the real estate market being among the most impacted. In this blog post, we delve into the consequences of the Bank ...
Is this a good time to buy a home in Edmonton? This question is commonly asked during this time of year, and in this April market update, we'll provide you with valuable insights to help you make an informed decision. Let's break it down and explore the latest trends and ...
As a top Maxwell Progressive Realtor, Cole Grekul is known for his skillful negotiations on behalf of his clients. Recently, Cole helped a buyer client who had a limited pre-approval amount on a new mortgage and saved them an impressive $27,000 on the list price of their new home. Here's ...