As the fifth-largest city in Canada, Edmonton has a booming labour market, and an incredible real estate market, that remains amongst the most affordable in the country. Known as Canada’s festival city, Edmonton is home to many acclaimed attractions like West Edmonton Mall and various internationally recognized restaurants and entertainment centres.
Edmonton’s Housing Marketing
Edmonton is quickly growing due to the strength of Alberta’s economy. An RBC market survey found that homes in Edmonton are among some of the most affordable in Canada, costing approximately 31% of the typical household income.
Mortgages: Privates vs Traditional
Private mortgages are mortgages that are secured through non-traditional lenders, such as banks, and credit unions for individuals that have an unconventional financial portfolio. They can be provided by a combination of individuals (family), syndicates (private lenders), and mortgage investment corporations (investors that put their money together to do multiple deals at once). Traditional mortgages, on the other hand, are mortgages acquired from traditional lenders like banks.
If you are planning on purchasing a home, you should get in contact with Mortgage Makers, who have an understanding of the local housing and mortgage market in Edmonton. Whether you are looking into a private or a traditional loan, we help you shop for rates, so that you know you have made the best decision after having explored all of your options.
If you are looking for the best mortgage rates in Edmonton, Mortgage Makers The Mortgage Centre is the place to go! We have been serving clients in this area for over 30 years and will always provide you with exceptional expert services. Our mortgage brokers are reputable, knowledgeable, friendly, and can ensure that you and your mortgage needs will be taken care of.
Not only will we help secure your mortgage, but we will also have access to almost all of the best rates! We care about our clients and their needs and understand the importance of low and affordable rates, so we will do everything to provide you with the best solution. We will exceed all of your expectations regarding our service and will discuss rates in great detail so that you are aware of this information.
When you work with one of our mortgage brokers, you will have peace of mind knowing you are in good hands. We take the time to listen to our clients and understand that every situation is unique. Whether you are interested in a second mortgage, are a first-time homebuyer or looking to down-size, we will always provide you with the best mortgage rates, so do not hesitate to contact any one of our brokers.
Our reputation and expertise set us apart, and our team will ensure you have a positive experience. Acquiring a mortgage is a big step and we know that it can be scary and stressful, our team ensures that you understand the information and go through all possible options so that you are comfortable with the choices provided. We are always ready to assist our clients and are available to answer any questions or address your concerns. Our brokers are on a flexible schedule, so no matter the day or time we will be able to assist you and all your mortgage needs. Every homeowner wants the best rates; give us a call or email and we will discuss all aspect thoroughly so that you are informed.
If you require more information about mortgages or want to know more about our rates, contact us today!
5 year variable prime -.95%
3 year variable prime -1.10%
Prime rate 7.20%
Cal for details: (780) 436-0390