Advice

Breaking News: Bank of Canada Raises Rate by 50 bps

Breaking News: Bank of Canada Raises Rate by 50 bps

News The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%. This marks the second change to the Bank's overnight target rate this year and the first 50-bps rate hike since 2000.  In its statement accompanying the decision,...

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Is now a good time to refinance your mortgage?

Is now a good time to refinance your mortgage?

NewsThe big news in the mortgage world these days has been the steady increase in fixed mortgage rates. Since the start of the year, fixed rates have risen approximately one percentage point, or 100 basis points. As a general guide, for every 0.25% increase in...

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The Value of Working with First Avenue Financial

The Value of Working with First Avenue Financial

News Securing financing to purchase a home can be a major undertaking. This is even more true for first-time buyers and particularly in today’s housing market. Having a licensed and experienced professional on your side throughout the mortgage process can bring...

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Bank of Canada Raises Rates by 25 bps

Bank of Canada Raises Rates by 25 bps

News The Bank of Canada has just raised its key lending rate by 25 basis points, citing… This marks the first change to the Bank’s overnight target rate in two years and the first rate hike since October 2018. In its statement accompanying the decision, the Bank said:...

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New Year, New Rules – 2018

New Year, New Rules – 2018

NewsNew year rings in with new rules... How large of a mortgage do we qualify for now and after January 1, 2018? Ready for a Better Experience?              First Avenue Financial – Okotoks 205 – 15 McRae Street, PO Box 1483 Okotoks,...

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Rate Hikes Are Coming, What Should You Do?

Rate Hikes Are Coming, What Should You Do?

NewsThe Bank of Canada may not have raised rates at its recent January meeting, but it’s clear that interest rates are headed higher tout suite. Those with a variable-rate mortgage may be understandably on edge these days, despite the fact many will still come out...

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What to Expect from Canada’s Housing Market in 2022

What to Expect from Canada’s Housing Market in 2022

News I’d like to wish you a very happy, healthy and prosperous 2022! Not many forecasters anticipated the extent of the housing market’s performance in 2021. The year ended with both home sales and average prices up over 20% compared to the previous year, driven...

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Planning on Gifting a Down Payment This Holiday Season?

Planning on Gifting a Down Payment This Holiday Season?

News The season of giving is upon us. For some parents, that means snapping up Black Friday deals to ensure happy kids on Christmas morning. For others, it could mean forking out tens of thousands of dollars to help their adult children realize their dream of...

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Don’t stress over the new mortgage “stress” test

Don’t stress over the new mortgage “stress” test

NewsAs you probably know, the mortgage rules are changing once again, effective Jan.1, but if you’re looking to buy a home, the time to act is now.  It’s expected that many federally-regulated lenders will implement the changes before the set date, perhaps by early...

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New Year, New Rules – 2018

New Year, New Rules – 2018

NewsNew year rings in with new rules... How large of a mortgage do we qualify for now and after January 1, 2018? Ready for a Better Experience?              First Avenue Financial – Okotoks 205 – 15 McRae Street, PO Box 1483 Okotoks,...

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Mortgage rule changes are on the way

Mortgage rule changes are on the way

NewsUninsured mortgages account for approximately 65 per cent or more of the mortgage market in Canada. Typically an uninsured mortgage is one where there is 20 per cent or more equity in a property. These changes will also affect home equity lines of credit.OSFI is...

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News Renew Early Rates on the Rise

News Renew Early Rates on the Rise

News We Can Save You Thousands of Dollars by Switching Your Mortgage Now! The era of nice surprises for people renewing their mortgages is over! After five years of trending lower, mortgage rates have reversed course and started to rise. Aspiring first-time home...

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Watch Out For the Tack Hiding in TD’s Big Green Easy Chair

Watch Out For the Tack Hiding in TD’s Big Green Easy Chair

NewsTD has recently launched a new mortgage program that will be sold to their clients as being comfortable, supportive and really good for them, a lot like that over-stuffed green leather chair we’re all familiar with. But there’s a bit of a nasty surprise waiting...

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Know Your Beacon Scores to Manage Your Credit

Know Your Beacon Scores to Manage Your Credit

NewsBeacon scores are a single number that summarizes your credit situation and shows lenders what kind of risk you're likely to be as a borrower. The article below is a basic overview of their importance. We hope you enjoy it. Beacon Score Basics for Mortgage Hunters...

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First Avenue Financial – Okotoks
205 – 15 McRae Street, PO Box 1483
Okotoks, Alberta T1S 1B4

Office:  403-938-6888
Toll Free Fax: 1-877-758-1206

First Avenue Financial – Calgary
208 – 40 Sunpark Plaza SE
Calgary, Alberta T2X 3X7

Office:  403-938-6888
Toll Free Fax: 1-877-758-1206