TODAY'S RATES
and available loan programsClose by Feb.28
Prime - 0.1%
Prime - 0.3%
Since Jan 1, 2010, here are a few interesting statistics:
Read moreAccording to an article posted on Nasdaq . com "Fed To Say Stronger Economy No Longer Needs Mortgage Support". The U.S. economy continues to improve, allowing the Fed to stop buying mortgage-backed securities by the end of March as planned.
Read moreThe 17th Annual RBC Homeownership Survey claims that "Albertans are the most likely to say they are very likely to buy a home in the next two years".
Read more"What do you do when your bank turns you down for a mortgage?”
Alta West Mortgage specializes in private financing. We are directly responsible for lending the private funds of Alta West Mortgage, Fidelis Mortgage Corporation, Fortress Mortgage Inc., and several private lenders.
We finance the following:
Read moreThe following article from the Financial Post states that a "rise in housing starts will keep lid on prices in 2010".
Read moreA CMHC study called the degree of home ownership among new Canadians “impressive,” as ownership increased, from less than 20% during their first six months in Canada, to more than 50% after four years. CMHC also observed that home owners who were new to Canada experienced the lowest degree of homeownership loss.
Read moreAn interesting article found in the Wall Street Journal: "Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.
Read moreEmpty office spaces are taking over Calgary or at least they are fueling the real estate investment losses! An article in the Calgary Herald shares the results for the ICREIM-IPD Canada Annual Property Index covered $90.9 billion of directly held commercial real estate.
Read moreShould Canadians fear housing bubble trouble? An article posted on CBC shares the most recent MLS data.
Article: The most recent MLS data show that the average resale home in Canada sold for $337,410 in December — up 19 per cent from a year earlier. Sales were up a stunning 72 per cent.
Read moreAccording to an editorial in the Calgary Herald recent information released by the Canadian Real Estate Association the Canadian resale housing market is up 58% over last year. The average price of all homes sold through the MLS system last month was $328,537 which was up 19.6% over last year.
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