Residential Market Update

Market Commentary The latest round of economic data has real-estate watchers returning their focus to interest rates. Activity in the bond market and the latest employment numbers are fueling predictions there will be a bump in fixed-rate borrowing costs in the near future. Employment improvements are generally seen as a harbinger of inflation. That, along with other domestic and international … Read More

Condo or House for First-Time Buyers?

Sunday, March 22, 2015 Condo or House for First-Time Buyers? One of the first questions first-time buyers have to ask themselves is whether they want their first home to be a condominium or a single-family home. Although economics play a big role in the decision-making, it really comes down to lifestyle choice. How do you enjoy spending your time and … Read More

Home prices up across much of Canada in March; new highs in Toronto, Vancouver

The Canadian Press Published Tuesday, April 14, 2015 1:58PM EDT TORONTO — Home prices were up in nine of 11 major Canadian cities in March compared with a year ago, with those in Toronto and Vancouver setting records, according to a new report. The Teranet–National Bank National Composite House Price Index says national home prices were up 4.7 per cent … Read More

The new and improved Belmor Mortgage website goes live!

Hi Everyone! Welcome to the new site. We’ve loaded the website with great new features – all in a fresh, intuitive design. Here’s what you need to know: Mobile-friendly design for access while you’re on the go Quick access to mortgage professionals in Edmonton or Calgary A wealth of mortgage resources and tools to help you make the best decisions … Read More

Annual dollar volume lifts Calgary housing market above 2007 boom

Jun 20, 2014, Annual dollar volume lifts Calgary housing market above 2007 boom By Mario Toneguzzi, Calgary Herald Calgary’s resale housing market is on pace to set an all-time high for the best annual dollar volume for MLS transactions, eclipsing the mark set during the city’s housing boom in 2007. According to the Calgary Real Estate Board, all MLS residential … Read More

Calgary rental prices continue to soar

Jun 12, 2014, Calgary rental prices continue to soar By Tamara Elliott Global News CALGARY- While Calgary’s tight rental market seems to be easing a bit, the same can’t be said for prices. The Canadian Mortgage and Housing Corporation (CMHC) reported that an average two bedroom apartment in Calgary set tenants back $1,267 per month in April. That’s a five … Read More

Downside risks increase, but Bank of Canada keeps interest rate setting at 1

Jun 4, 2014, Downside risks increase, but Bank of Canada keeps interest rate setting at 1 The Canadian Press Jun 4, 2014 09:34:32 AM The Bank of Canada has kept its trend-setting interest rate at one per cent, but is warning of downside risks to the global and Canadian economies. The central bank hasn’t budged from the one-per-cent level in … Read More

Scotiabank offers 5-year fixed mortgage at 2.97

May 28, 2014, Scotiabank offers 5-year fixed mortgage at 2.97 Canadian banks battle to attract homebuyers in competitive mortgage-rate business CBC News Posted: May 28, 2014 10:45 AM ET Last Updated: May 28, 2014 11:54 AM ET Canada’s current mortgage wars include a new 2.97 per cent fixed-rate mortgage from Scotiabank announced Wednesday. First time homebuyers are a particularly attractive … Read More

Home prices resume upward march, Calgary hits fresh high

May 14, 2014, Home prices resume upward march, Calgary hits fresh high By Staff Global News Canadian home prices rose slightly in April following an unusually flat March, according to the Teranet-National Bank Composite House Price Index. Teranet says prices were up 0.5 per cent from March, and although the gain “might appear robust” compared to the previous month, home … Read More