A new year is right around the corner, can you believe it?
2018 was a big year for the real estate industry, with lots of news in our province around rate and rule changes in the mortgage world. That being said, we are excited for 2019 and the opportunities that come with change. Here are some things we’ve learned and heard around the industry:
- Home buyers are choosing to use mortgage brokers more and more every year. With the new rule and rate changes, we’ve heard feedback that brokers bring more knowledge and security to clients in navigating re-financing, renewals and fees.
- Although Alberta is beginning to thrive again, we urge clients to be cognizant of their finances. Creating goals, staying informed and understanding the market are just a few ways to stay smart in 2019.
- Canadians getting, renewing or refinancing a mortgage have been told they may have to cope with interest rates substantially higher than their contract rate, but there are ways to navigate this and there may be an easing of these rules for first-time home buyers in 2019.
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