Sarah Davison: Your Grande Prairie Mortgage Specialist
Quantus Mortgage Solutions 101 -10525 100 Avenue T8V 0V8 Grande Prairie, AB, Canada

Happy Friday! The latest in CERB news: an extension for another 4 weeks, and the new Canada Recovery Benefit set to launch September 27th. Hopefully the CRB program will ease what the financial sector has dubbed the "deferral cliff" anticipated in the coming months by giving an alternative to those in need of CERB to meet their monthly obligations. If so, this would help buoy our real estate market and values for the time being against stats canada posting its steepest eco...nomic decline on record for last quarter. #themoreyouknow #CanadianEconomy #CRB #CERB #COVIDeconomy #grandeprairierealestate

Happy Canada Day! The office is closed for the day. We will be returning calls first thing tomorrow morning - enjoy your day off with loved ones!

DEFERRAL CLIFF TO COME IN THE FALL Lenders and insurers alike have been preparing for the proverbial "deferral cliff" expected in September - meaning the end of most deferral periods on loans, mortgages and the like. Many Canadians have not resumed full time work affected by COVID, and any deferral period ending could mean default would start. CMHC and their counterparts have been discussing some new tools to potentially aid with this period: simply extending the time...line fo deferrals, extending amortization periods to lower payment amounts, special payment arrangements, and adding missed payments to mortgage balances. They have yet to confirm what they plan to implement. SEE A GREAT ARTICLE ON CMHC's POTENTIAL TOOLS IN THE COMMENTS. We will share any developments on this as they come! Have a great week. #themoreyouknow #staytuned #deferralplans #deferralcliff2020 #covidlending #COVID19 #grandeprairierealestate #yourgrandeprairiebroker

Happy Friday! The latest in CERB news: an extension for another 4 weeks, and the new Canada Recovery Benefit set to launch September 27th. Hopefully the CRB program will ease what the financial sector has dubbed the "deferral cliff" anticipated in the coming months by giving an alternative to those in need of CERB to meet their monthly obligations. If so, this would help buoy our real estate market and values for the time being against stats canada posting its steepest eco...nomic decline on record for last quarter. #themoreyouknow #CanadianEconomy #CRB #CERB #COVIDeconomy #grandeprairierealestate

DEFERRAL CLIFF TO COME IN THE FALL Lenders and insurers alike have been preparing for the proverbial "deferral cliff" expected in September - meaning the end of most deferral periods on loans, mortgages and the like. Many Canadians have not resumed full time work affected by COVID, and any deferral period ending could mean default would start. CMHC and their counterparts have been discussing some new tools to potentially aid with this period: simply extending the time...line fo deferrals, extending amortization periods to lower payment amounts, special payment arrangements, and adding missed payments to mortgage balances. They have yet to confirm what they plan to implement. SEE A GREAT ARTICLE ON CMHC's POTENTIAL TOOLS IN THE COMMENTS. We will share any developments on this as they come! Have a great week. #themoreyouknow #staytuned #deferralplans #deferralcliff2020 #covidlending #COVID19 #grandeprairierealestate #yourgrandeprairiebroker

Something positive today: Ruben Marin - Grassroots Realty Group is completing the Tour of Hope 2020 with the Kids with Cancer Society. If you can support him in this great cause, donate! Awesome, Ruben - rooting for you!! #tourofhope2020 #greatcause #KidswithCancerSociety #bikerideforcancer... #grandeprairierealestate #gorubengo #cyclestar See more

Happy Monday! Adrienne Chase with Re/Max Grande Prairie has been doing a weekly video series called Subdivision in a Park Series. Some info and fun tidbits on Grande Prairie's neighbourhoods - I've been loving them. Looks like my hood's turn today! See what she's said about yours on her page. Have a great week!... #grandeprairieab #grandeprairierealestate #abeautifuldayintheneighborhood #grandeprairieinfo #adriennechase #yourgrandeprairiebroker #themoreyouknow #myhood #lovecountryclubwest #whatsgreataboutyourhood

Something positive today: Ruben Marin - Grassroots Realty Group is completing the Tour of Hope 2020 with the Kids with Cancer Society. If you can support him in this great cause, donate! Awesome, Ruben - rooting for you!! #tourofhope2020 #greatcause #KidswithCancerSociety #bikerideforcancer... #grandeprairierealestate #gorubengo #cyclestar See more

EXCITING NEWS FOR OUR GP KIDS PLAYGROUNDS ARE OFFICIALLY OPEN! I know someone in our house will be over the moon.... Safe play time to you! ... #playgroundsofficiallyopen #grandeprairiecovid19 #playgrounds2020 #cityofgrandeprairie #havefun #monkeybarsherewecome

BoC: NO CHANGE TO PRIME RATE The BoC advises prime rate will remain low as Canada faces "a long climb out" of COVID 19 hole". No surprises here. All long time variable rate holders, rejoice. #primelendingrate... #BOC #variablerateholdersrejoice #yourgrandeprairiebroker #covidlending #lowratetimes https://www.cbc.ca//business/bank-of-canada-rate-decision-

BoC: NO CHANGE TO PRIME RATE The BoC advises prime rate will remain low as Canada faces "a long climb out" of COVID 19 hole". No surprises here. All long time variable rate holders, rejoice. #primelendingrate... #BOC #variablerateholdersrejoice #yourgrandeprairiebroker #covidlending #lowratetimes https://www.cbc.ca//business/bank-of-canada-rate-decision-

Good morning! All signs point to the BoC leaving prime lending rate where it sits at tomorrow's review given our current economic outlook. Unemployment rates, inflation levels and uncertainty with COVID all make it hard to see any increase in the immediate future. Updates tomorrow! Enjoy your day! #BOC... #primerateforecast #bankofcanadaoutlook #rategame #variablerateholdersrejoice #economicoutlook #grandeprairierealestate #yourgrandeprairiebroker https://www.mortgagebrokernews.ca//whats-in-store-for-tomo

Happy Canada Day! The office is closed for the day. We will be returning calls first thing tomorrow morning - enjoy your day off with loved ones!

Happy Monday! Adrienne Chase with Re/Max Grande Prairie has been doing a weekly video series called Subdivision in a Park Series. Some info and fun tidbits on Grande Prairie's neighbourhoods - I've been loving them. Looks like my hood's turn today! See what she's said about yours on her page. Have a great week!... #grandeprairieab #grandeprairierealestate #abeautifuldayintheneighborhood #grandeprairieinfo #adriennechase #yourgrandeprairiebroker #themoreyouknow #myhood #lovecountryclubwest #whatsgreataboutyourhood

AAAAAALLLLL THE PAPERWORK Last Friday we talked about the heightened approval process due to COVID, and what lenders and insurers are looking for. I also mentioned that documentation requirements are at an all time high... we're going to kill a few trees, y'all. Thought I'd give you a basic breakdown of papers required for approval. Many of these documents are the norm, but here's a few pro tips to make your financing a success:... EMPLOYEES: Make sure you are providing your two most recent paystubs Make sure your letter of employment is dated no less than 30 days prior (in some cases lenders want this no less than 14 days prior) If you want to go the extra mile, provide statements for any investments and savings to show "fallback" funds on hand SELF EMPLOYED: If your corporation's year end is more than a few months past, be prepared to provide interim financials to show YTD revenue Have your articles of incorporation available to easily show ownership structure Have a list of your company's assets on hand Happy financing! #yourgrandeprairiebroker #paperworkuponpaperwork #financingtips #covidlending #beprepared #wegotthis #lenderguidelines #insurerguidelines #ipromiseitsworthit #brokerlife #grandeprairierealestate

EXCITING NEWS FOR OUR GP KIDS PLAYGROUNDS ARE OFFICIALLY OPEN! I know someone in our house will be over the moon.... Safe play time to you! ... #playgroundsofficiallyopen #grandeprairiecovid19 #playgrounds2020 #cityofgrandeprairie #havefun #monkeybarsherewecome

UPDATE: DOWN PAYMENT POLICY CHANGES DEBUNKED DONT BELIEVE THE HYPE: A positive update to CMHC's testimony earlier this week that hinted at eliminating 5% down payment, and a run down on what to expect from lenders and insurers from here on in when applying for credit. Seeking credit? Take note. And don’t mind the homeslice covid office. #wegotthis... #dontbelievethehype #lending2020 #CMHCforecast #Genworthtips #5percentison #qualifyingstresspoints #covidtimes #yourgrandeprairiebroker #grandeprairierealestate See more

AAAAAALLLLL THE PAPERWORK Last Friday we talked about the heightened approval process due to COVID, and what lenders and insurers are looking for. I also mentioned that documentation requirements are at an all time high... we're going to kill a few trees, y'all. Thought I'd give you a basic breakdown of papers required for approval. Many of these documents are the norm, but here's a few pro tips to make your financing a success:... EMPLOYEES: Make sure you are providing your two most recent paystubs Make sure your letter of employment is dated no less than 30 days prior (in some cases lenders want this no less than 14 days prior) If you want to go the extra mile, provide statements for any investments and savings to show "fallback" funds on hand SELF EMPLOYED: If your corporation's year end is more than a few months past, be prepared to provide interim financials to show YTD revenue Have your articles of incorporation available to easily show ownership structure Have a list of your company's assets on hand Happy financing! #yourgrandeprairiebroker #paperworkuponpaperwork #financingtips #covidlending #beprepared #wegotthis #lenderguidelines #insurerguidelines #ipromiseitsworthit #brokerlife #grandeprairierealestate

QUALIFYING RATE CHANGE: 5.04% TO 4.94%!! Could it be?? Some GOOD NEWS this fine Friday: The BoC has DECREASED QUALIFYING RATE (AKA STRESS TEST RATE) FROM 5.04% TO 4.94% as anticipated earlier this week. WHAT DOES THIS MEAN TO YOU? ... When qualifying for a mortgage your qualification must endure the "stress test". This means the lender ensures you are able to afford the mortgage applied for at a higher interest rate (and therefore for a higher payment) than the rate you actually get. It's meant to safeguard you down the road if rates were to rise. Given that this stress test rate has decreased, this would allow you to now qualify for slightly more mortgage amount. *This change is for the qualifying rate only, and takes effect Monday, May 25th. Mortgage rates have not changed as of today and are still fabulously low. Let me know if you'd like rate info and I'd be happy to send to you! Happy Friday! #stresstest #BoCqualifyingrate #goodnews #ratedecreases #mortgagenews #brokernews #grandeprairierealestate #yourgrandeprairiebroker #themoreyouknow

UPDATE: DOWN PAYMENT POLICY CHANGES DEBUNKED DONT BELIEVE THE HYPE: A positive update to CMHC's testimony earlier this week that hinted at eliminating 5% down payment, and a run down on what to expect from lenders and insurers from here on in when applying for credit. Seeking credit? Take note. And don’t mind the homeslice covid office. #wegotthis... #dontbelievethehype #lending2020 #CMHCforecast #Genworthtips #5percentison #qualifyingstresspoints #covidtimes #yourgrandeprairiebroker #grandeprairierealestate See more

QUALIFYING RATE FORECAST Experts are anticipating that a decrease to the qualifying rate (aka "stress test rate") could occur as early as this week. This would mark the first time since its inception in January 2018 that the qualifying rate would drop below 5%. Changes to the calculation of the qualifying rate had been set to take place April 6th of this year, but were put on hold due to COVID creating unstable financial conditions.... WHAT DOES THIS MEAN TO YOU? A lower stress test rate makes qualifying for a mortgage slightly easier - emphasis on SLIGHTLY given the decrease to rate will be small. In these uncertain financial times though, any help is welcome. Have a great short week, and watch for updates! #themoreyounknow #stresstest #forecast #qualifyingrate #BoC #yourgrandeprairiebroker #ratesratesrates #grandeprairierealestate

QUALIFYING RATE CHANGE: 5.04% TO 4.94%!! Could it be?? Some GOOD NEWS this fine Friday: The BoC has DECREASED QUALIFYING RATE (AKA STRESS TEST RATE) FROM 5.04% TO 4.94% as anticipated earlier this week. WHAT DOES THIS MEAN TO YOU? ... When qualifying for a mortgage your qualification must endure the "stress test". This means the lender ensures you are able to afford the mortgage applied for at a higher interest rate (and therefore for a higher payment) than the rate you actually get. It's meant to safeguard you down the road if rates were to rise. Given that this stress test rate has decreased, this would allow you to now qualify for slightly more mortgage amount. *This change is for the qualifying rate only, and takes effect Monday, May 25th. Mortgage rates have not changed as of today and are still fabulously low. Let me know if you'd like rate info and I'd be happy to send to you! Happy Friday! #stresstest #BoCqualifyingrate #goodnews #ratedecreases #mortgagenews #brokernews #grandeprairierealestate #yourgrandeprairiebroker #themoreyouknow

NEW 10% DOWN PAYMENT RULE? The mortgage world is abuzz about CMHC’s ominous forecast and address earlier this week, which some feel implied they are to change the minimum required down payment to 10%. I might become Public Enemy number 1 for saying this, but DON’T BELIEVE THE HYPE(see what I did there?). Let’s step away from the panic and talk about it, and actual facts that we know from our insurers. I promise it’s not as scary as what’s going around.... More to come this afternoon, watch for it! #dontbelievethehype #yourgrandeprairiebroker #letstalkfacts #covidlending #lending2020 #grandeprairierealestate

A great rundown on what's a go and what's a no this long weekend. Stay safe and have a great May Long! ... #maylong2020 #covidcamping #happylongweekend #getoutdoors #socialdistancingcamping #firestentsandsmoresohmy #exploreAB #campfirelove See more

QUALIFYING RATE FORECAST Experts are anticipating that a decrease to the qualifying rate (aka "stress test rate") could occur as early as this week. This would mark the first time since its inception in January 2018 that the qualifying rate would drop below 5%. Changes to the calculation of the qualifying rate had been set to take place April 6th of this year, but were put on hold due to COVID creating unstable financial conditions.... WHAT DOES THIS MEAN TO YOU? A lower stress test rate makes qualifying for a mortgage slightly easier - emphasis on SLIGHTLY given the decrease to rate will be small. In these uncertain financial times though, any help is welcome. Have a great short week, and watch for updates! #themoreyounknow #stresstest #forecast #qualifyingrate #BoC #yourgrandeprairiebroker #ratesratesrates #grandeprairierealestate

|| #GIVEAWAY || Only one more week to nominate someone from the front line for a chance to win the remaining Visa Gift Card! We want to show our appreciation an...d gratitude to all those who are working the front lines; city workers, government officials, grocery store employees, social workers, delivery drivers...the list goes on. Thank you for all the work you do, today and every day! Nominate an individual or team of people who deserves a shoutout. The name you nominate will be entered into a random draw for the remaining Visa Gift Card for $100. We’ll draw the final random nominee on Friday afternoon. Here are the rules: Enter before Friday, May 15, at noon (12:00 PM). Comment on this post with the nominee’s name and where they work. The nominee must live in Alberta, British Columbia or the Yukon territory. The nominee must be over 18 years of age. **This contest is not affiliated with Facebook/Instagram**

THANK YOU TO EVERYONE WHO ENTERED OUR LONG WEEKEND LEMONADE GIVEAWAY!! It was really fun hearing all the neat things everyone is doing this weekend - hope it's a great one! THE WINNER IS.....DRUM ROLLLLL... !! SKYLA SCHWALM !! ... Congrats, Skyla!!!! Hope you enjoy the games and all things lemony!!! Will PM you for pickup. Thanks again, everyone, and have a great May Long! LONG WEEKEND LEMONADE GIVEAWAY IT'S BEEN A WORLD OF LEMONS LATELY. We thought we'd try to make at least a little LEMONADE out of this MAY LONG weekend. BRING ON THE QUALITY DECK TIME with this fun bundle! TO ENTER: LIKE THIS PAGE SHARE THIS POST (MAKE PUBLIC) COMMENT AND TELL US HOW YOU PLAN TO "MAKE LEMONADE" OUT OF THIS WEEKEND WINNER DRAWN FRIDAY MAY 15 @ 6PM We wish you a fantastic, safe and sunny long weekend, even if it does look a bit different. GOOD LUCK! #blackmansgiftcertificate #lemonserveware #lemonpress #lemonadepitcher #citronellacandle #handfulsnacks #thingscardgame #balderdash #smoreskit #sanpellegrino #lifegivesuslemons #makelemonade #lemonlemoneverywhere #maylongweekend #2020maylong #decktime #spreadhappiness #yourgrandeprairiebroker #lemonlove

A very Happy Mother’s Day to all the moms out there. It’s been a whole new challenge these last few months, Moms. You are the heart of your homes and families as always, but a whole new set of reaponsibilities have emerged: a heightened care for safety and health, schooling at home, helping our children process and adjust to this new norm, and for many even working full time through it all. There’s a whole new dynamic at home, and you’re doing great. You all amaze me. I ...wish you a wonderful day. I wish you someone taking care of YOU today in whatever way you need. I wish you some rest, even if it’s just a stolen minute. I wish you love and support and whatever fills your cup. Happy Mother’s Day

Happy Earth Day What do you do every day for the environment? In our house we recycle, conserve energy in the ways we can, and compost. This year was a big change for me at the office as well: 99% paperless achieved. Saving many (MANY) trees over here. #earthday #paperlessbroker #couldntresistthisone

HAPPY EASTER From our house to yours, wishing you an eggcellent and Happy Easter! Although we’re missing some of our favourite people, still managed to decorate some eggs and are looking forward to the Easter Bunny’s visit and a nice supper together tomorrow. Enjoy your weekend! ... #eggdecorating #familytraditions #prettyeggs #happyeaster #egghunttomorrow #easterbunny #famtime #cantwaitforeasterdinner

Some updated lender info for deferrals, and some FAQ. I hope you're healthy and safe and able to enjoy some of this sunshine today!

Happy Saturday! Something lighter today. My friend and fellow broker JMortgages shares his top secret, scratch made pizza recipe - give it a whirl and post your results to his page. Yes, there absolutely should be more pizza in the world. ... #pizzalove #secretrecipesrock #nomortgagetalktoday #whatsyourfavepizza #passingthetime #selfisolationfun

CONTEST TIME : Happy Sunday, y’all! Just over 24 hours left on this one - be sure to enter and tell us how you’re making this stressful time lighter and what you’re doing for fun. #quantusmortgagesolutions #contestfun #goodluck #entertoplay

DEFERRALS UNPACKED: Connecting with your lender Getting deferral in place Length of deferral available... What is actually happening to your interest portion of deferred payments #COVID19 #deferraldownlow #todeferornotdefer #makethatcall #deferralqualification #knowthedetails #yourfriendlybroker #besafe #behealthy #

ALBERTA EMERGENCY ISOLATION SUPPORT PROGRAM From THE best accountant out there, Tracy Noullett, some info on this program: Good news! ... The Alberta Emergency Isolation support program is up and running. Payments appear to be occurring immediately. See the link in the comments. You ARE eligible for the emergency isolation support program if you have experienced total or significant loss of income and are not receiving compensation from any other source because you: Have been diagnosed with COVID-19 Have been directed by health authorities (Health Link 811) to self-isolate Are the sole caregiver of a dependent who is in self-isolation You are NOT eligible for this program if you: Were not working immediately before you were advised to self-isolate Can work from home Are not experiencing a significant loss of income as a result of self-isolation Are currently collecting other forms of income support or employer benefits while self-isolated, such as: workplace sick leave benefits federal employment insurance (EI) are staying home to care for a dependent who is home for a reason other than self-isolation reside outside of Alberta PLEASE SEE THE LINK IN COMMENTS for more info. Thanks for the info, Tracy - lucky to know you. #COVID19 #governmentprograms #assistanceavailable #inthistogether #benefits #themoreyouknow #stayhealrhy #staysafe

BoC DECREASES PRIME RATE BY ANOTHER 1/2 PERCENT Wow. Another drop to try and stabilize markets and economy. Important to note: this does NOT lower fixed interest rates, but DOES affect variable rates so long as lenders choose to pass along this drop. Any questions, always here. ... #boc #primerate #variablerate #emergencydrop #COVID19 #overnightrate #constantchange #yourfriendlybroker #staysafe

NEW BENEFIT TO REPLACE EI Just released today, there is a new benefit to replace EI for the next four months. The benefit is $2000 per month, and available til October. Have a peek at the article. I hope you are all healthy and safe and with family right now. If there is anything you have questions about with your mortgage, I’m here for you - or even just a friendly ... #inthistogether #covid19 #ei #benefits #yourfriendlybroker #gprealestate #besafe #bewell

Happy Thursday, y’all. I hope you’re out of harm’s way, healthy, and spending time with family. I know we’re knee deep in board games, sass and botching homeschool at my house. What about you? So very many inquiries regarding mortgage deferral and relief programs these last few days. These are important questions, my friends. I’ve pinned a post to top of this page with some insight on these topics and lender info. Lenders are overwhelmed with call volumes and wait ti...mes are lengthy, but they are doing an amazing job at helping once you’re through. I thought I’d share some info on non mortgage related assistance. A great article: defines qualifying for EI, and gives information on COVID-19 Emergency Benefits for those who do not qualify for EI. Any questions, I’m always happy to help. Wishing you a positive day.

Many thanks to all of those that are helping in so many ways through this chaotic time. So grateful for these people! Wishing you all health and family time today.

|| UPDATED: April 7, 2020 || COVID-19 Mortgage Payment Relief: What’s Available to You There is some good news in this very stressful time for people who are w...orried about making their mortgage payments. Canadian mortgage insurers are backing the current crisis and are working with our lenders to develop policies to either skip or defer mortgage payments. However, it’s important to know that these are on a case-by-case basis so please, reach out to your lenders directly. You also may not receive an answer right away. As each case is different, it may take 3-5 business days for a response. Lender Contact Information: Alterna Savings Credit Union: 1-877-560-0100 ATB Financial: 1-800-332-8383 B2B Bank: 1-800-263-8349 or [email protected] BlueShore Financial: 1-604-982-8000 or 1-888-713-6728 BMO Financial Group: 1-877-788-1923 Bridgewater Bank: 1-866-243-4301 or [email protected] CIBC: 1-877-456-2422 CMLS Financial: 1-888-995-2657 or [email protected] Coast Capital Savings: 1-888-517-7000 Community Trust: 1-800-268-1576 Canadian Western Bank Optimum Mortgage: 1-866-441-3775 or [email protected] Desjardins Credit Union: 1-855-688-2433 DUCA Financial Services Credit Union Ltd.: 1-866-900-3822 Envision Financial: 1-888-597-1083 Equitable Bank: 1-866-334-3313 or [email protected] Connect First Credit Union: 1-403-520-8000 Chinook Financial: 1-403-934-3358 First Calgary Financial: 1-403-736-4000 FirstOntario Credit Union: 1-800-616-8878 First National Financial LP: 1-866-557-5509 or [email protected] Haventree Bank: 1-855-272-0051 or [email protected] HomeEquity Bank: 1-866-331-2447 or [email protected] Home Trust Company: 1-855-270-3630 or [email protected] HSBC: 1-888-310-4722 IC Savings: 1-416-253-4007 ICICI Bank: 1-888-424-2422 or [email protected] Industrielle-Alliance: 1-800-463-4396 Lendwise: 1-877-637-7881 Manulife: 1-877-765-2265 or [email protected] MCAP: 1-800-265-2624 or [email protected] Meridian Credit Union: 1-866-592-2226 MERIX Financial: 1-877-637-7881 or [email protected] Marathon: 1-855-503-6060 or [email protected] National Bank: 1-877-281-0144 Prospera Credit Union: 1-888-440-4480 RBC: 1-800-809-5800 RFA: (formerly Street Capital) [email protected] If your mortgage begins with 4: 1-866-939-5005 If your mortgage begins with 6: 1-877-776-6888 If your mortgage begins with 7, 8 or 9: 1-833-228-5697 RMG: 1-866-809-5800 or [email protected] Scotiabank: 1-800-472-6842 Servus Credit Union: 1-877-378-8728 TD: 1-888-720-0075 Vancity: 1-604-877-7000 Verico Canada Lifestyle: 1-855-805-7107 XMC: 1-877-775-2970 What you need to know: Phone lines are currently very busy, so expect to wait at least 30 minutes to 1 hour for a representative. As always, reach out to your broker to talk about what other financial options might be available to you right now. We’re here to help you navigate the next few months.

Happy sunny Sunday. CONDO OWNERS This one’s for you! A great opportunity to understand the changes to condo legislation that will affect you. Make sure you’re informed and ready for any changes. #condolife #condowners #changeiscoming #canadiancondoinstitute #gprealestate #themoreyouknow

UPDATE : A girl can’t even make a post without things changing further! Adding onto my original post, an update for you: The BoC announced ANOTHER 0.5% REDUCTION this afternoon to prime lending rate. This surprise cut’s aim was to soften the impact of COVID-19 on our economy and falling oil prices. Please note below the other twist this afternoon I mentioned: A number of lenders gave notice of FIXED RATE INCREASES today. Although this change wasn’t anticipated either..., it must be said that our current economic state also bears risk for lenders, some of which they may start building into their rate offerings. We will watch closely. Lastly, The Minister of Finance announced that they will postpone any changes to the stress test rate in light of the current economic state. Phew! This week I tell you. Have a great night! See you for the next update soon! . . . What a crazy week it's been around here - rates have had some major downward movement, and near the end of today we've seen some notices to start heading up again from a few lenders. At this point it's a balance between bonds and risk for lenders. A rundown on all things prime rate, fixed rate and stress test related. Have a great weekend, and stay safe and healthy! #rategame #ratedecreases #fixedrates #primerate #stresstestchanges #stockmarketcarnage #bondyields #checkyourmortgage #grandeprairierealestate #yourfriendlybroker

Please. Please hire a certified home inspector when you purchase. Let's be clear: A lender doesn't usually require a home inspection, it's for your own benefit and entirely optional to get one completed. But I've seen way too many Donnys miss way too many deficiencies, and you're spending entirely too much money on a home to not be well informed. PS. No hard feelings, Donny.... #homeinspector #homeinspection #grandeprairierealestate #yourfriendlybroker #homebuyertips #sarahdavison #canofworms #themoreyouknow

CURRENT HOMEOWNERS & NEW BUYERS, this one's for you. Let's talk GRANTS, TAX CREDITS AND REBATES. There are many government programs for both first time buyers and current homeowners to take advantage of in Alberta. They assist with many different things - from energy efficiency, adapting homes for seniors and disabled, renovations, to tax credits for first time buyers and free education.... Please see article in comments section by showmethegreen.ca - this is a great place to start with a list of 25 government programs. To be sure, there are other programs out there not outlined in the article (like the excellent Metis Down Payment Assistance program running in Alberta right now among others). Please also check with your local municipality for any programs they may have going or upcoming. As always, any questions I'm happy to help you find the answer. #themoreyouknow #housingtips #housingprograms #grants #rebates #taxcredits #savings #knowyourhome #yourfriendlybroker #grandeprairierealestate #sarahdavison

TAX TIME TIPS: CLIMATE ACTION INCENTIVE PAYMENT Happy Monday, y'all. EFILE and ReFILE are officially open for your personal tax submissions as of this morning... I know you're excited. Get those taxes in.... What IS exciting is any incentive payment we can receive at tax time. Alberta, Manitoba, Ontario and Saskatchewan residents, please meet the CLIMATE ACTION INCENTIVE PAYMENT. Amounts vary per province - for those of us here in AB it could be up to $888. Yes. Yes I will take $888, please. Be sure to ask your tax person about this program! Article in comments with more info on the government site. Have a great week. #taxtips #taxseasontidbits #filefilefile #loveyouraccountant #themoreyouknow #yourgrandeprairiebroker #sarahdavison #grandeprairie #grandeprairierealestate

Beyond proud of the philanthropic work our brokerage does with our charity, Community Key. It's icing on the cake to be nominated and an award finalist at the Canadian Mortgage Awards for this work! Did you know that Community Key has helped families in need in our Grande Prairie area? We're always looking to help more. If you know of a family that this program could benefit, please share with them and let us help. For more info please visit the Community Key page above. W...ish us luck at the Canadian Mortgage Awards! #soproud #QuantusMortgageSolutions #CommunityKey #communitymatters #keyed #CMPAwards #QMS

It's the little things, isn't it? Same goes for mortgages: There's always so much focus on rate, and not enough on terms and details. Of course rate is important, but terms like penalty calculations, portability, prepayment allowances and even the ease of online accessibility and customer care count. These things may seem little but they are part of a bigger picture. Perhaps it's time for a review your "little things".... Let me know how we can save you some money and make sure you're in a great mortgage. #yourgrandeprairiebroker #thelittlethings #littlethingsmakeupthebigthings #mortgagesavvy #costefficiency #liquidity #knowyourmortgage #yourhome #yourmoney #yourmove

Purchase your first home in 2019? This tax credit may apply to you! Peep the link in the comments section that outlines the government’s criteria to qualify.... Happy Tax Time! #taxtricks #firstimebuyer #taxcredits #yourtaxperson #themoreyouknow #FTHBperks #yourramblingbroker

Clearly a straightforward decision. Talk soon. PS. Give it up for my girl, broker extraordinaire Frances Hinojosa for this gem. #moremomoaplease #brokerlife #brokervsbank #brokermemes #gprealestate #superbowlcommercialsrock #brokerhumour #callyourbroker #rocketmortgagead

I love this post. Enough of our usual rate forecasts and lending updates, onto something that is personal and neat. This is my incredible mom, Thea. ... She’s a homeowner in England where she lives. She owns a 119 year old brick two story - one of the few remaining Victorian/early Edwardian properties on Park Road. It’s as you would imagine with many original features and ornate details intact (hello, FOUR fireplaces), and also has had a fantastic kitchen remodel and other modern updates. It’s beautiful. It’s got feeling and character. Just like my mom. It also has a name: Crows Nest Cottage. I love this. In England it’s fairly common to name your home, complete with a plaque that adorns your front entry (mom had hers made by a local potter). I love walking around her neighbourhood and looking at all the unique homes and their plaques and imagining what the interiors look like, the owners who named them, the owners before them. Yes I’m the crazy house obsessed lady, and my crazy shows extra in England. I love this idea that your house has a name, an identity. Why don’t we all do this?! So I want to know: What would YOU name YOUR home? Why? Please tell me in the comments below. I can’t wait to read your answers, please indulge me. Enjoy your week.

I’m SO excited for nachos tomorrow, y’all. Oop.. I mean football. All about the football... #superbowl #nachos #wings #gametime #superbowlsunday #goteamgo

TAX SEASON IS UPON US Let me be the first to say that I’m kind of really great at procrastinating on the deep dive into my piles of receipts, bank statements and T slips to complete my taxes. Like really great. So in the spirit of becoming an early filer, here’s some dates for you and I to know this tax season: FEBRUARY 10: Paper filing opens for 2019 personal taxes... FEBRUARY 24: E-filing opens for 2019 personal taxes MARCH 2: Deadline for 2019 RSP contributions APRIL 30: Deadline for 2019 individuals filings and payment of any balances JUNE 15: Deadline for 2019 self-employed filings (balances are still due APRIL 30) APRIL 30/JUNE 15: Slow clap for yo self and immediately go celebrate TAX SEASON OVER Will be posting more on this topic in the weeks to come. Happy filing, y'all. #taxtime #2020taxseason #themoreyouknow #taxplanning #loveyouraccountant #getemdone #procrastination #deadlines

CORONAVIRUS SPREADS... FIXED MORTGAGE RATES FALL. The fallout and effect of a potential pandemic runs deeper than you may think in so many aspects of our lives. Besides the obvious health, safety and travel concerns, our country's economy has already seen an impact, no matter how temporary. Globally, investor jitters abound: Stock markets slid. Investors are buying bonds in droves for their perceived security. As a result, bond prices go up, yields push down, and p...ressure is applied to fixed interest rates to fall. Now let's get some facts straight: We typically see a decrease in fixed rates come late February and March as lenders partake in spring market frenzy - so coronavirus is a push, not the sole driver here. Rates had risen before Christmas and were stable and already poised for a decrease. But it just goes to show that unforeseen events that don't even originate in our country can have a bigger effect than you would imagine, and quickly. So, the takeaway: Get ready to see some rates fall, and get your rates held with your broker/lender if you're getting into the market, coming up for renewal, or even looking to lock in your variable term. Stay safe. #coronavirus #2019nCoV #Wuhan #bondfrenzy #bondyields #fixedrates #rategame #themoreyouknow #gprealestate #yourgrandeprairiebroker #lowrates

Although you never can judge a book by its cover.. this is awesome. Thanks for the laugh, Morgan! #creditmemes #creditmatters #equifax #transunion #creditdogs #whatsyourcreditscore #beaconscore #mortgagehumour #grandeprairierealestate #yourgrandeprairiebroker

My ramblings on the BoC prime rate announcement and forecast. You’re in for a treat... #amateuranditshows #take17 #yourramblingbroker #rategame #BoC #mortgages #primerate

Waiting on the BoC rate decision and forecast like ... #BoC #primerate #forecast #rategame

We're due for BoC's rate announcement Wednesday. 100% of panel economists agree that the BoC will leave prime rate unchanged, but many of them feel a cut is in order. What's your prediction? #BankofCanada #primerate #maintainvscut #rategame #variablerateholders #placeyourbets #cutcutcut #gprealestate #yourgrandeprairiebroker #sarahdavison #quantusmortgagesolutions

Happy Monday...or not. Apparently January 20th is deemed Blue Monday. We hope you're having a great day - as Samaritans said, us girls at the office have the kettle on and are coining it Brew Monday over a cuppa instead. #BlueMonday #BrewMonday #HappyMonday #cheerstoagoodday #winterbluesgoaway #lovemeacuppa #gprealestate #yourgrandeprairiebroker #sarahdavison

Oh no. Thanks a lot Spencer Johnston - Sun Life Financial advisor... #cantunsee #whatdoidomeow #grandprairiebroker #gprealestate #hoMEOWners #hoMEOWnership

CONDO OWNERS: THIS ONE'S FOR YOU! ***EDIT AT BOTTOM WITH MORE INFO** As of January 1st 2020, there are some new rules regarding insurance deductibles for Alberta condos. The changes make it possible for condo corporations to seek recovery of deductible costs for any damages that originate from an owner's unit or private area. These deductibles are huge. Read the article attached and comments section for more details and make sure you're a smarty on the rules. ... EDIT: Thanks to Heather's clarification in the comments section, there's some good news: your home insurance policy can be structured to cover a potential deductible such as this. If you're a condo owner, CALL YOUR INSURANCE PROVIDER and review your policy with them to ensure you're covered and are comfortable with the coverage amount. PS. You can find the awesome Heather Tobin at Cooperators here in Grande Prairie! #themoreyouknow #condolife #albertacondos #knowtherules #grandeprairierealestate #yqurealestate #yqubroker #yqumortgages #yourgrandeprairiebroker

Your Home - Christmas Edition Thanks for the laugh, Lisa Last Mortgage Broker/Quantus Mortgage Solutions

Season's Greetings, y'all. Clever post from my clever friend Dale. #sopunny #tistheseason #countingdowntochristmas... #cleverfriends #grandeprairiebroker #happyholidays See more

Interesting article on how GP is faring well opposed to other once prosperous Alberta oil and gas towns. I <3 Grande Prairie. I love our staying power. I love all the opportunity hard work brings us. I love that we are a diverse bunch and have multiple contributing sectors to our economy. What do you think? How are you planning for the next year and beyond given our oil and gas industry's outlook? How does GP need to diversify to avoid further downturn?... #hardquestions #hardanswers #grandeprairielove #oilandgas #futureplans #alberta

GIVING DAY GIVEAWAY . UPDATE: CONTEST CLOSED, WINNER IS DRAWN. Winner is: Amanda Irene Waldroff!! CONGRATS, AMANDA!!! I will PM you to get your choice of store! . ... Thanks to everyone for entering and sharing how you give - some pretty awesome and generous people We're done with Black Friday... onto a much cooler holiday, please. . THE GIVEAWAY: . . A $100 GIFT CARD TO YOUR GROCERY STORE OF CHOICE WE WILL DONATE $100 TO THE GRANDE PRAIRIE FOOD BANK . . TO ENTER: SHARE THIS POST COMMENT ON HOW YOU GIVE TO OTHERS . . Entry closes at midnight December 3, 2019, and winner will be drawn December 4, 2019 at 4pm. THANKS FOR HELPING US HERE AT QUANTUS GRANDE PRAIRIE GIVE! . #givingday #givingtuesday #foodbank #giveaways #tistheseason #quantusgrandeprairie #givealittlegetalot

24 HOURS LEFT TO ENTER Tell us how you live your best life and enter to win one of three awesome prizes: First Prize: $2,000 WestJet Gift Card ... Second Prize: $500 Home Depot Gift Card Third Prize: $250 Prepaid Visa Card Entries close 11:59PM November 30th, so get on it! Winner will be drawn December 13th... would be amazing to see a Grande Prairie winner! Good luck! #liveyourbestlife #quantusgrandeprairie #giveawaysrock #enterenterenter #yourgrandeprairiebroker

NOVEMBER 30th is the deadline to enter.... Tell us how you live your best life and enter for a chance to win! #liveyourbestlife #quantusgrandeprairie #getit #yourgrandeprairiebroker

10 days left on this awesome giveaway! Make sure to enter and tell us how you live your best life. #quantusgrandeprairie #yourgrandeprairiebroker #holidayplease #livingyourbestlife

We have the best clients around. We are so humbled that we get to help our clients make important financial decisions that set them up for their best life. But, we want to know what your best life looks like. If you're a current or past client of Quantus, you have the chance to win a $2,000 gift card for WestJet in our Live Your Best Life giveaway. Enter by submitting a photo or video showing us how you live your best life. Enter at link below. ... Is it summiting that mountain, taking the kids on their first vacation or maybe escaping for little R&R? Tell us before November 30 at 11:59 p.m. to be entered into the draw. Winners will be randomly drawn on December 13, 2019. **This giveaway is in no way sponsored, endorsed, administered by or associated with Facebook.**

Ready for Halloween? So is the BoC today with their somewhat spooooooooky forecast. Prime remains unchanged though, so that’s a treat.. Sounds like rates might get slashed soon.. ... #freakyforecast #BoC #primerate #spookystuff #variablerateholders #nochange #imsopunny See more

Time flies! The awesome Grande Prairie Family is holding their annual Best of Grande Prairie Awards for 2019. I was very grateful to receive this award last year in the Mortgage Broker category, and excited to be nominated again this year alongside many great businesses and their owners! Feel free to show me and some local businesses some love and vote here - voting closes November 4th. .... . #grateful #grandeprairiebroker #lovemyclients #lovegrandeprairie #grandeprairierealestate #yourvotecounts See more

Election Day tomorrow. So much info to sift through, so many facets to each platform. As a broker I’m always interested in each party’s national housing strategy. Some great cliffs notes on specifically this from Quantus Mortgage Solutions. If you’d like more info on any topics discussed (current mortgage amortizations, the First Time Home Buyer Incentive, etc) I’m here to help. #nationalhousingstrategy #FTHBI... #happyvoting #2019election #housingincentives #affordablehousing #themoreyouknow #grandeprairierealestate #yourgrandeprairiebroker See more

4th Annual Legal Advice Blitz October 26th! Some of Grande Prairie's best solicitors giving their time and expertise to those in need. It'll cost you a donation to the Grande Prairie food bank :). Call Grande Prairie Legal Guidance to register at (780)882-0036. #grandeprairielawyers #legaladviceblitz #pickthosebigbrains #seekadvice #community #grandeprairiefoodbank

Happy Thanksgiving to you and your loved ones! We’re well under way: cooking a great dinner, spending time with family, even got out and enjoyed some crisp fall weather. Many blessings! #thankful #grateful #fullheart #fullbelly

The Canadian way to settle a sale price! #canadianrealestate #negotiations #3kshootout

Good news for variable rate holders: prime rate remains unchanged as of this morning. The BOC went against the tide with its decision to maintain prime rate, when all signs point to lowering target in the very near future. We’re in an interesting time referred to as a yield curve inversion. This doesn’t occur too often - and rarely to this depth. The last time an inversion occurred of this extremity was in 2000. WHAT DOES THIS MEAN TO YOU?... In a nutshell: - Short term rates are hugely higher than long term rates. - Variable mortgage rates are higher than long term fixed rates: an average 5 year insured variable rate sits at 2.95%, when an insured 5 year fixed rate is averaging 2.64%. As a result, one would argue there’s not much incentive to take a variable rate at this point when comparing costs and associated risk. Strange times. It will be interesting to see what the next review holds. Enjoy your week, and as always any questions please call me anytime. #themoreyouknow #rategeek #bocprime #rategame

So many questions on the First time Homebuyer's Incentive Plan which officially rolled out yesterday. See below link for some insight, and of course, call or message me any time with any questions.

Possession days are the best. Big congrats to you, Paola, Will and family! So happy for you! #officiallyhomeowners #gprealestate #ihavethebestclients #lovemyjob... #yourgrandeprairiebroker #homesweethome See more

Ah, the many virtues of a great realtor. Shared from a great YYC realtor and great friend, Sandra Easton #callyourrealtor #goodrealtorsaregold #grandeprairierealestate #neighboursmatter #lovethyneighbour #househunting