Over the last 5 days, since the Bank of Canada’s 100 basis point prime rate change, I’ve responded to many emails, phone calls and texts from clients that are becoming very nervous about their variable rate mortgages.

On the back of the incredible strength of the Real Estate markets in Ontario and British Columbia, we’ve seen an increasing number of out-of-province clients looking at the prairies as their next investment opportunity.

We wanted to create a blog post to help our out-of-province clients learn how they can purchase a home in Alberta in 2022. There are a couple of ways to purchase a home in Alberta when you are relocating from out of the province.

Please check out this video to help you understand how the changes to fixed and variable rates might affect your personal situation.

In today’s rapidly changing rate environment, should you choose a variable or a fixed rate mortgage?

January started off strong for Alberta with a significant increase in year-over-year sales (up 57.0 percent).