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Posts Tagged ‘Sherwood park’

Unisured mortgages on the rise as rules tighten

Tuesday, March 20th, 2018

Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator.

Mortgages that don’t require homeowner insurance surged 19 per cent from a year ago, accounting for about 53 per cent of the $1.13 trillion (US$864 billion) of home loans at Canada’s federally regulated banks, data from the Office of the Superintendent of Financial Institutions show. Insured home loans fell 6.5 per cent from a year ago.

Uninsured mortgages have taken an increasing share of the nation’s housing loans since 2012 as the government moved to reduce the chances of the kind of taxpayer-funded bank bailouts that happened after the U.S. housing crash a decade ago.

Still, the slowdown of residential mortgage volumes continues, with banks posting a 5.3 per cent increase from January 2017, down from a recent high of 6.6 per cent in May, the data show. The trend reflects the sentiments of executives of Canada’s Big Six banks, who commented on a cooling mortgage market in recent weeks after reporting earnings results for the first quarter.

Uninsured mortgages have taken an increasing share of the nation’s housing loans since 2012. Ernest Doroszuk/Toronto Sun/Postmedia Network

“The slowdown in mortgage growth has been evident since the middle of last year, reflecting the impact of prior policy measures, as well as three interest rate hikes by the Bank of Canada,” DBRS Ltd. said in a March 19 note.

In January, OSFI made it more difficult for those with more than a 20 per cent down payment to qualify for loans. The measures, known as B-20 guidelines, requires borrowers to qualify at the greater of the Bank of Canada’s five-year benchmark rate or 2 percentage points higher than the offered mortgage rate. Prospective borrowers have increasingly been turning to alternative lenders to qualify.

“With new mortgage rules taking effect on January 1, home sales have showcased two straight months of declines,” Barclays Plc analyst John Aiken said in a March 16 note to clients. “While stronger home sales at the end of 2017 could still buoy mortgage growth in the second quarter, we anticipate new mortgage origination volume could be tested in the back half of the year.”

Bloomberg.com

Taken from: http://business.financialpost.com/real-estate/mortgages/uninsured-mortgages-soar-to-8-year-high-even-as-canadas-housing-market-cools March 20 2018

 

 

 

 

 

Making your Real Estate needs my Priority

 

 

 

 

 

Dave Dry

Realtor, Century 21 Masters
Website: www.davedry.com
Blog: blog.davedry.com
Direct: 780 446 3727
Fax 1 866 217 4642

 

201, 10555-172 Street, NW, Edmonton, AB   T5S 1P1

Ph: 780.483.2122

 

110 – 5 Giroux Road, St. Albert, AB T8N 6J8

Ph: 780.460.8558

 

105, 4302-33 Street, Stony Plain, AB T7Z 2A9

Ph: 780.963.2285

 

March Real Estate Newsletter

Tuesday, March 6th, 2018

 

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Masters
Website: www.davedry.com
Blog: blog.davedry.com
Direct: 780 446 3727
Fax 1 866 217 4642

201, 10555-172 Street, NW, Edmonton, AB   T5S 1P1

Ph: 780.483.2122

110 – 5 Giroux Road, St. Albert, AB T8N 6J8

Ph: 780.460.8558

105, 4302-33 Street, Stony Plain, AB T7Z 2A9

Ph: 780.963.2285

December 2017 Real Estate Newsletter

Saturday, December 2nd, 2017

 

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642

November 2017 Real estate Newsletter

Wednesday, November 1st, 2017

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642

 

October 2017 Real Estate Newsletter

Tuesday, October 3rd, 2017

 

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642

June Real Estate Newsletter

Saturday, June 3rd, 2017

 

 

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642


Open house Saturday July 18 2-4 pm.

Thursday, July 16th, 2015

DSCN6891

This fully air conditioned Bi-level in the Ridge is ready and waiting for your family. Loaded with upgrades this is the home you are looking for! The basement has large windows making it warm and inviting, giving 2,400 sqft of living space. The main floor has an open concept Kitchen and living room, large master bedroom with 4 piece ensuite, a second bedroom, full 4 piece bath and laundry room. The bright fully finished basement, with in floor heat is where we find a large recreation room, for family movies, games or just hanging out. A third bedroom, for the teenager and another full bathroom is also here. This home has upgrades found in higher end homes: new central air conditioner, heated, insulated and oversize garage with sink hot and cold water and floor drain. Hot and cold outside taps. In floor heat and hot water both provided by a stand alone boiler for faster hot water recovery. In the yard a new fence and large deck to enjoy the summer. This home was built to last, for comfort and convenience.

Details

Making your Real Estate needs my Priority

Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 1 866 217 4642

Open house in Sherwood Park on Saturday September 15

Friday, September 14th, 2012

Please join us for an open house  2-4 pm.

Property details.

 

Making your Real Estate needs my Priority
Dave Dry
Realtor, Re/max Real Estate
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 457 3777
Direct: 780 446 3727
Fax 780 478 7017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4-Level Split For Sale in Nottingham

Friday, August 24th, 2012

Exterior
True family home

• 1,216 sq. ft., 3 bath, 4 bdrm 4-level split-MLS®$414,900

Nottingham, Sherwood Park – Located in the desirable community of Nottingham this is a family dream home. Open and spacious concept with 4 bedrooms and three bathrooms there is room for everyone. Made for all season entertaining with central air conditioning the formal dining room with vaulted ceiling, open to a brightly lit living room. The spacious kitchen has more than enough room for informal meals. On the upper floor there is a master bedroom of extra ordinary size with a walk in closet and full en suite, second and third generous sized bedrooms and another full bathroom. The family room on the lower level is a great place for family to hang out. A bedroom and full bath round out this family home, just waiting for you to move in.

Property information

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. Trademarks used under license from CREA.
MLS® MLS REALTOR® Realtor