Latest News

Shawna's friendly, caring personality helped ease the nerves as a first time home purchase

posted by The Mortgage Associates    |   August 28, 2014 14:54

Shawna MacDonald"As a first time home purchase, Shawna made the process go smoothly.  Her friendly, caring personality helped ease the nerves."

Adrian & Sheila Thomas, August 2014







The Ultimate List of Homebuyers Tips

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

The Ultimate List of Homebuyers Tips

Article by Andy Fulton, April 21, 2014

"The Internet is awash with short and incomplete lists of tips for homebuyers. For the many Americans unfamiliar with the home-buying process, trying to determine which tips to focus on could be confusing. Upon reading these lists, aspiring homebuyers must ask themselves, “Are these tips that industry experts would actually recommend, and are they worth spending my valuable time on?”

To remedy this problem, Market Leader gathered tips for homebuyers from half a dozen sources, put them all on one giant list, and, after removing the trivial and contradictory ones, surveyed almost 400 real estate agents about the importance of each tip. For the 17 tips featured in this survey, participants indicated whether they found them to be very, moderately or slightly important for homebuyers – or not recommendable at all!"

Click here to read all the full article.

Shawna and her team were on top of everything from start to finish.

posted by The Mortgage Associates    |   August 26, 2014 08:42

Shawna MacDonald"I cannot express how happy we were with Shawna and her team! They were right on top of everything from start to finish. We had a quick turnaround with our sale and purchase and Shawna made things happen quickly and smoothly. This is the second time we have used Shawna for our mortgage broker, and would not use anyone else! Her staff was wonderful and always ready to help. Thank you to Shawna and her team for helping us with our recent purchase! Definitely be using her again on our next transfer!!"

Tammy Almusa, August 2014





First-time buyers are paying up

posted by The Mortgage Associates    |   August 25, 2014 09:35

First time buyers are paying up

Article by Mortgage Industry Reports, August 20, 2014

"Each year about 300,000 Canadians buy their very first home — at least, that’s how many did in the years 2009-2013 (source: Altus Group via The Globe and Mail).

Typical first-timers have been purchasing homes that are roughly 11.6% cheaper than the national average. That implies up to a $355,000 price tag for today’s typical first-time purchase, much higher than previous reports have estimated.

At that price, 10% down and a 2.89% five-year fixed mortgage will get you a $1,530 monthly payment. That’s a sizeable obligation for the one-half of first-timers who lie in the 25- to 34-year-old age bracket (Altus’s data)."

To read the full article, please click here.

As a first time home buyer Shawna made the process of getting a mortgage very simple and pain free.

posted by The Mortgage Associates    |   August 21, 2014 08:07

Shawna MacDonald"As a first time home buyer Shawna made the process of getting a mortgage very simple and pain free. She was helpful and informative and guided me through every step of the way. I really appreciated her attention to detail and willingness to coordinate meetings through phone and email since I work long hours. I highly recommend using Shawna as a mortgage broker and thoroughly enjoyed the process that could have been much more stressful then it was."

Taylor Jackson, August 2014





Calgary closing in on Vancouver & Toronto for title of wealthiest city

posted by The Mortgage Associates    |   August 20, 2014 08:11

Calgary closing in on Vancouver and Toronto for title of wealthiest city

Article by Mario Toneguzzi, Calgary Herald, August 11, 2014

"CALGARY - Vancouver, Toronto and Calgary remain the wealthiest cities in the country but the gap between them in average household net worth is narrowing, according to data released Monday by Environics Analytics, a marketing services and data analytics company.

WealthScapes 2014, a database on the assets, liabilities and wealth of Canadians to December 2013, found that the average household net worth in Vancouver was $710,095 followed by Toronto at $693,652 and Calgary at $680,377.

“But the difference in affluence is getting smaller as the net worth in Vancouver, Toronto and Calgary grew by 6.5 per cent, 8.8 per cent, and 10.8 per cent, respectively, compared to 2012,” it said. “While increases in liquid asset and debt were similar among the three cities, the key differentiator was real estate values — up a modest 2.8 per cent in Vancouver, a strong 6.6 per cent in Toronto and roaring 9.1 per cent in Calgary."

To read the full article, please click here.

Two Alberta men convicted in massive mortgage fraud

posted by The Mortgage Associates    |   August 19, 2014 08:07

Two Alberta men convicted in massive mortgage fraud

Article by Ryan Cormier, Edmonton Journal, August 1, 2014

"EDMONTON - Two Alberta men were convicted on dozens of charges Friday for their role in a massive, multimillion dollar mortgage fraud that lasted nearly five years.

Allan Dawson MacMullin, 53, was convicted on 38 of 41 charges of fraud over $5,000. His Red Deer lawyer, 65-year-old Roy Elander, was convicted on 14 of 22 counts of fraud over $5,000.

In some of the frauds, orchestrated from 2000 to 2004, properties around Alberta were purchased by “straw buyers” whose names were submitted on mortgage applications to financial institutions despite the fact they had no intention of owning the property or living there. MacMullin, the mastermind, remained the equitable owner.

Other frauds saw fictional sales of properties that increased cash flow and inflated property values for the complex scheme."

To read the full article, please click here.

Survey finds honesty not always the best policy for some loan applications

posted by The Mortgage Associates    |   August 15, 2014 08:19

Survey finds honesty not always the best policy for some loan applications

Article by Tara Perkins, The Globe and Mail, August 12, 2014

"A new survey has turned up some troubling findings: Nine per cent of Canadians admit to being “not entirely truthful” on an application for credit or a loan, and 10 per cent said they think that it’s actually okay to inflate annual income when applying for a mortgage.

Those were some of the results of an online survey of 1,500 people that was done for Equifax Canada, a company that’s best known for tracking consumer credit scores.

“Canadians are inherently hopeful,” says Tim Ashby, vice-president of personal solutions at Equifax. “If you look at some of the broader data, people believe that in the future they will make more money and they believe that their homes will appreciate.”

Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, highlighted income verification when it issued new guidelines for mortgage lenders in 2012.

“A borrower’s income is a key factor in the assessment of their capacity to repay the mortgage loan, and verification of income helps detect and deter fraud,” the guidelines state. “This includes substantiation of employment status and the income history of the borrower. For borrowers who are self-employed, [federally-regulated lenders] should take reasonable steps to obtain income verification (e.g., notice of assessment) and relevant business documentation.”

Mr. Ashby says he was surprised by the findings about lying for loans. “Making misrepresentations on a loan application is only going to get you in a situation where you have an inability to potentially pay back that loan,” he says."

To read the full article, please click here.

Shawna's time & dedication helped us get what our family needed.

posted by The Mortgage Associates    |   August 14, 2014 08:23

Shawna MacDonald"Thank you so much for your time and dedication in getting us what our family needed.  We appreciate it!"

Cody & Allisha Bear, July 2014








Sask. has lowest unemployment rate

posted by The Mortgage Associates    |   August 13, 2014 08:10

Sask. has lowest unemployment rate

Article by The Canadian Press with The StarPhoenix Files, August 9, 2014

"Trouble in Canada's jobs market extended into July as a paltry 200 jobs were added during the month, widely missing expectations.

Canada's unemployment rate dropped one-tenth of a point to 7.0 per cent for the month, as fewer people went looking for work.

Economist had expected the economy to bounce back with the creation of 20,000 - an improvement from June's unexpected decline of 9,400.

The participation rate, which tracks how many people are actively searching for jobs, declined to 65.9 per cent from 66.1 per cent in June.

Saskatchewan had the lowest unemployment rate in the country, hitting a historic low 3.3 per cent, down from 3.9 per cent in June.

This is the lowest unemployment rate on record for the province since Statistics Canada started recording employment data in 1976."

To read the full article, please click here.