Thursday, January 26, 2012

January 26th 2012 Great Mortgage Rates

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First-Time Home Buyers' (FTHB) Tax Credit

The costs associated with purchasing a home, such as legal fees, disbursements and
land transfer taxes, can be a particular burden for first-time homebuyers who must pay these costs, as well as save money for a down payment. To assist first-time homebuyers with the costs associated with the purchase of a home, the Government of Canada introduced a FTHB Tax Credit in 2009 — a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual,the credit will provide up to $750 in federal tax relief starting in 2009. Expansion of the Home Buyers' Plan
To provide first-time homebuyers with greater access to their RRSP savings to purchase or build a home, the Government of Canada has increased the Home Buyers’ Plan withdrawal limit to $25,000 from $20,000 per person for withdrawals made after January 27, 2009.
Looking for More Homebuying Information?
When it comes to buying your home, nothing is more valuable than peace of mind. That’s why for more than 60 years, Canada Mortgage and Housing Corporation (CMHC) has shared a wealth of knowledge and housing expertise to contribute to a positive
homeownership experience for Canadians.
Visit today, and browse through our wealth of homebuying information. You’ll find everything you need, from homebuying videos, to mortgage calculators, to home hunting worksheets.
CMHC also provides mortgage loan insurance that enables you to buy a home with a
minimum down payment of 5% — with interest rates comparable to those with a 20%
down payment. Ask your mortgage professional about CMHC.
To obtain more information on the First-Time Home Buyers’ Tax Credit and the Home
Buyers’ Plan, call 1-800-O-Canada or visit the Canada Revenue Agency website at
*To find out if you are eligible, please visit

Amy Wilson
Mortgage Associate
Verico Brokers For Life Inc. o/a
Brokers For Life
Sherwood Park, Alberta,
Cell: 780-919-0475
Fax: 18773925092

Thursday, January 19, 2012

Bank of Canada - Maintians Prime Rate

The Bank of Canada is conceding its decision to keep the benchmark overnight rate at 1 per cent Tuesday will likely increase average household debt.

"Household expenditures are expected to remain high relative to GDP (gross domestic product) and the ratio of household debt to income is projected to rise further," said the central bank in announcing it would hold the key rate steady for the eleventh consecutive review. It hasn’t, in fact, been moved since September 2010.

The central bank's decision on interest rates jives with mortgage industry expectations in the build-up to the announcement.

The move – or absence of a move – further heightens speculation that the government may itself move to curb consumer spending, although not by the method most mortgage professionals are advocating.

The government is much more likely to do away with the 30-year amortization cap, say analysts. Mortgage brokers are also concerned that the government may have already encouraged banks to make the move to lower that ceiling to 25 ahead, or in lieu, of a formal mortgage rule change like those introduced last spring.

While the government lowered the 35-year cap to 30 in March 2011, bank economists are suggesting the government may be forced to consider again lowering it in order to curb consumer debt growth.

Brokers continue to call for tighter regulation of credit card and lines of credit as the best way of lowering Canadian household debt.

Should you wish to discuss how to keep your debt under control and how to get the best mortgage to suit you for today but also for your future! Contact Amy Wilson
I can get you great, low rates with exceptional service! 780-919-0475 or

Wednesday, January 18, 2012

Mortgage Rates - Low Low Mortgage Rates

10 year mortgage for..............3.89%, If you are planning on staying n your home, this is the best rate EVER!!!!!!

5 year mortgage for ...............2.99% and you get full pre-payment privileges and the mortgage is portable!!!!! Not like my competitiors!

Call Amy Wilson so we can get you into your mortgage today!

with these rates I can save you money!

780-919-0475 or
Verico Brokers For Life

Tuesday, January 17, 2012


2.99% for a fixed mortgage or prime minus .2% for an ARM - 2.8% - Who do you call!

Amy Wilson!

Thursday, January 12, 2012

Western cities to top Canadian growth, while austerity to bite in east

Cities in Western Canada will lead the country in growth and prosperity over the next couple of years, according to an outlook released Wednesday by the ConferenceBoard of Canada.

Saskatoon, Calgary, Edmonton and Regina are at the top of the Ottawa-based economic forecaster's new metropolitan outlook.

Next year, Vancouver joins the leaders and Toronto ties Regina for fifth place in the outlook.

The ConferenceBoard says western cities are benefitting from resource riches and attracting migrants, boding well for housing and consumer spending

Edmonton created almost 40,000 new jobs last year alone, the think-tank says.

"In spite of global economic turmoil, high prices for agricultural products, minerals and oil are likely to continue," said Mario Lefebvre, director of municipal studies for the ConferenceBoard.

"Canada's Prairie cities will reap the benefits of this global demand for commodities."

Central Canadian cities won't do nearly as well with manufacturing continuing to struggle amid the global slowdown, and government cutbacks weighing on growth domestically.

The ConferenceBoard says the federal government's austerity measures for the civil service will result in a cumulative loss of 9,000 jobs over two years, restraining Ottawa-Gatineau's growth to 1.8 per cent in 2012.

Top 10 cities and ties in terms of expected growth for 2012 are:

Saskatoon, 4.0 per cent
Calgary, 3.6 per cent
Edmonton, 3.4 per cent
Regina, 2.9 per cent
Oshawa, Ont., 2.7 per cent
Toronto, Trois-Rivieres, Vancouver, 2.6 per cent
Kitchener-Cambridge-Waterloo, Windsor, 2.5 per cent

At the bottom of the list in terms of growth this year is St. John's, N.L., the ConferenceBoard says, as Newfoundland and Labrador's waning offshore oil production starts rippling through the rest of the economy.

The consolation prize is that St. John's is coming off two spectacular years of growth, including a 5.4 per cent advance in 2011 that was highest in the country.

Read it on Global News: Western cities to top Canadian growth, while austerity to bite in east: report

Contact Amy to take advantage of a better economy with low mortgage rates!!!!!! 780-919-0475 or

Friday, January 6, 2012

Edmonton real estate market healthy and stable, Realtors say

EDMONTON - Edmonton wrapped up a stable year in real estate in December, the Realtors Association of Edmonton said Wednesday.
“It is a relief to report on the stability and health of the local real estate market,” said Chris Mooney, association president for 2011. “With prices and sales varying within a small range, there is a solid base going forward into the 2012 market.”
Mooney mentioned the European debt crisis and a depressed housing market in the U.S. as major concerns, but emphasized that the energy-based economy of Alberta in general and Edmonton in particular keeps the local housing market buoyant.
The average price for all residential properties sold through the association’s Multiple Listing Service shrank slightly year-over-year, from $329,019 in 2010 to $325,457 in 2011. Total sales numbered 16,893 for the year, up 3.8 per cent from 2010.
Mooney estimates that upwards of 90 per cent of real estate sold in Edmonton moves through the MLS, with the remainder sold by non-Realtors. In December 2011, 827 properties sold through the MLS, almost identical to the 829 sold in December 2010. Real estate market activity picks up in the summer, with peak volume usually moving in April and May.
The most recent data from the Canadian Real Estate Association ranked Edmonton as the ninth most expensive real estate market in the country, behind Vancouver, Victoria, Toronto, Calgary, Yellowknife, Ottawa, Hamilton and Montreal.

Contact Amy Wilson for all your mortgage needs,, 780-919-0475