Latest News

New Saskatchewan condo laws make regulation stricter

posted by The Mortgage Associates    |   June 30, 2014 08:33

New Saskatchewan condo laws make regulation stricter

Article by Raquel Fletcher

"REGINA – Significant changes to Saskatchewan’s condo laws took effect this month, with more to follow next year.

New regulations in the Condominium Property Act address condo conversions, insurance, as well as regular audits for condo boards. Additionally, two-thirds of ownership is now required to pass a resolution.

In Saskatoon, 12 homeowners will have affordable shelter as a result of the province’s HeadStart program.    New affordable condo project introduced in Saskatoon

Marc Kelly, a partner at Kanuka Thuringer LLP in Regina, said more emphasis is being put on developers with consumer protection in mind.

“So for example, in a converted condo, so an old apartment building they’ve converted into a condo space, they now have to do something called a reserve fund study so that people know what the state of the building is that they’re buying into,” said Kelly."

To read the full article, please click here.

We appreciate all of Shawna's effort to make it possible for us to purchase this house.

posted by The Mortgage Associates    |   June 27, 2014 08:20

Shawna MacDonald"We are so glad we had you as our Mortgage Broker Shawna.  We appreciate all your effort to make it possible for us to purchase this house.  Thank you so much and god bless you and we are more than happy to share your name to all our friends and family to be their mortgage broker too!  Thanks again!

Wilad and Gilda Chanroon, March 2013






$7.4-million cottage shows Canada's housing boom is feeding surge in vacation homes

posted by The Mortgage Associates    |   June 26, 2014 09:12

$7.4-million cottage shows Canada's housing boom is feeding surge in vacation homes

Katia Dmitrieva, Bloomberg News, Financial Post, June 25, 2014

"A cottage that sold for $7.4 million in Ontario’s Muskoka region highlights the increasing trend of younger, wealthier buyers investing in vacation spots as they profit from housing booms in major cities.

The 7,000 square foot (650 square metre) cottage overlooking Lake Rousseau with a three-boat garage and nanny suite, was the most expensive recreational home sold in the province in six years, according to Re/Max Holdings Inc., the Denver, Colorado-based franchiser of real estate brokerages.

The cottage is in Port Carling, a three-hour drive from Toronto’s Bay Street financial core. Families and investors have more cash to buy a second home as a booming real estate market increases the value of their residences, according to a report Re/Max released Wednesday.

“The equity gains in urban center homes have led to increased demand in recreational properties,” Gurinder Sandhu, executive vice president of Ontario and Atlantic Canada for the firm, said by phone from Toronto Tuesday. “They’re leveraging that to purchase cottages. As a result, you’re seeing an increase in the number of cottages changing hands and a steady price increase.”

To read the full article, please click here.

City of Saskatoon looks to borrow $30M for bridge projects

posted by The Mortgage Associates    |   June 24, 2014 08:29

City of Saskatoon looks to borrow $30M for bridge projects

Article by David Giles, Global News

"SASKATOON – City administration is asking council to approve up to $30-million in future borrowing for upcoming bridge projects in Saskatoon.

The money will be used for the North Commuter Parkway Bridge and the Traffic Bridge replacement project.

The provincial government announced it will provide $50-million in funding for the north commuter bridge while the federal government announced up to $66-million for both projects."

To read the full article,  please click here.

Shawna helped us through our mortgage experience and we trusted her advice completely

posted by The Mortgage Associates    |   June 23, 2014 08:29

Shawna MacDonald"Being new to Canada and trying to find a mortgage was hard and full of wrong advice.  Shawna helped us through and we trusted her advice completely.  Thank you."

Denuka Waldron, May 2013







Shawna always had our best interests in mind

posted by The Mortgage Associates    |   June 20, 2014 12:41

Shawna MacDonald"Shawna was great to work with!  Always kept our best interests in mind!  We will continue to recommend Shawna to all our family and friends!  Thank you!"

Jennifer & Dominique Beaulieu, August 2013








Shawna was very professional and extremely efficient.

posted by The Mortgage Associates    |   June 19, 2014 08:38

Shawna MacDonald"Very pleased.  Shawna was very professional and extremely efficient."

Bernie Lucko, July 2013








Province adds 500 new child care spaces

posted by The Mortgage Associates    |   June 18, 2014 08:15

Province adds 500 new child care spaces

Article by Shawn Knox, Global News, June 17, 2014

"REGINA – The province announced that 500 new child care spaces will be added to 11 communities across Saskatchewan.

The government has invested $2.2 million for the additional spaces.

“Our government recognizes that access to high quality child care is a necessity for many of our citizens,” Education Minister Don Morgan said.  “These news spaces will alleviate some of the pressures in our growing communities and allow parents to work, return to work, or study after starting a family.”

Communities that will be able to add child care spaces include Christopher Lake, Lumsden, Prince Albert, Regina, Sandy Bay, Saskatoon, St. Isodore-de-Bellevue, Swift Current, Wakaw, Warman and White City."

To read the full article, please click here.

Shawna made our home owner dreams come true!

posted by The Mortgage Associates    |   June 17, 2014 16:01

Shawna MacDonald"Thank you so much for making our home owner dreams come true!"

Jenny & Ian Hawthorne, July 2013








Canadians' obsession with real estate

posted by The Mortgage Associates    |   June 13, 2014 08:17

"We knew that Canadians were obsessed with real estate, but we wanted to know just how much so we conducted a quick study.

We took our results and put them in this infographic for you! Here are the key findings:

  1. Almost all Canadians aged 30 to 50 are interested in real estate, with over one in ten describing themselves as real estate obsessed.
  2. One in four Canadians aged 30 to 50 are likely to search for real estate professionals online in the future.
  3. A large majority are interested in an online service to search for real estate agents. An even higher proportion of those living in the GTA say the same.
  4. According to Canadians aged 30 to 50, real estate obsessed people are most likely to browse online listings regularly, attend open houses even when they aren’t looking to buy a property, and drive around their neighbourhood looking at properties that are for sale.
  5. Many Canadians aged 30 to 50 know someone (22%) who they would describe as real estate obsessed.
  6. Over a quarter of all Canadians have attended an open house in the last year."


To read the full article and view the infographic, click here.