Noreen Au, Edmonton Realtor

11/20/2023

Interesting idea 💡 for dark parking spaces

11/15/2023

洗唔洗。。。
Double sets of laundry machines
🧦🧦

07/14/2022

Prime Rate increases by 1.00%. This brings prime rate to 4.70% and returns us to pre-pandemic rate trajectory. Still not as high as prime was in 2007 (6.25%) but now a tad higher than we were in 2019 (3.95%).

This rate increase took everyone by a bit of surprise, while we were expecting an increase in the .50 to .75% range, a full 1.00% was certainly a shock this morning and caused many brokers to spit out their coffee (and perhaps replace it with something stronger).

What does this actually mean?
For those of you with variable adjustable rate mortgages, you will be seeing a change in your payment.
On 100,000 of mortgage debt, this increase will change your payment by approx. $52. A 400k mortgage will see a payment change of roughly $209.

There are some lenders who offer what is called a static variable rate payment. If you are on a variable rate and your payment has not changed this year then this is likely the type of mortgage you have. With these mortgages, the payment does not change, but the portion of the payment that goes towards interest and principal changes so when the rate increases you pay less of the principal off and more interest. If you are on one of these types of mortgages, I highly recommend using some pre-payment options to increase your mortgage payment and ensure you are still paying extra down towards the principal if you can. This will reduce the sticker shock at renewal time if you find you have not paid off as much as you thought you were supposed to.

As always, if you have any questions regarding your mortgage, payment or rate - reach out anytime! 780-720-4034

06/27/2022

https://globalnews.ca/news/8949218/multi-million-dollar-edmonton-home-mansions-tax/

Owning a multi-million dollar home in Edmonton could have you paying more in property taxes next year. This if a new tax being proposed by a city councillor goes through.

06/01/2022

https://www.theglobeandmail.com/business/economy/article-bank-of-canada-interest-rate-hike-announcement-june-2022/

The increase marks the third so far this year by Canada’s central bank and the second consecutive half percentage point increase, taking the benchmark rate to 1.5 per cent

05/19/2022

While the latest data from the Canadian Real Estate Association shows that the average price of a home in Canada declined month-over-month, Canadians still spent more on home purchases in April 2022 than they did one year before. CTVNews.ca has gathered properties from across the country, listed at....

02/18/2022

01/01/2022

Cheers to 2022 🥂

12/05/2021

Interesting Option in AB, Ont and soon in BC.

A new Canadian startup is looking to shake-up the homebuying process by allowing homeowners to make their next purchase before the sale of their current home.

12/02/2021

Something to consider before selling too soon

Jamie Golombek: If it’s determined you’re buying a home only to resell it a short time later, you could be taxed on any profits as 100% taxable business income

11/22/2021

Looking for FREE Office Space?

The Goodwill Project: Enter to win a two-year lease on a fully furnished Jasper Avenue office space Because...