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My Rates

6 Months 3.10%
1 Year 2.34%
2 Years 2.14%
3 Years 2.44%
4 Years 2.44%
5 Years 2.54%
7 Years 3.19%
10 Years 3.69%
*Rates subject to change and OAC
Charlene Demchuck-Nelson Mortgage Associate

Charlene Demchuck-Nelson

Mortgage Associate


Phone:
Address:
PO Box 73107 RPO Woodbine, Calgary, Alberta

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Having access to multiple lenders and related financial organizations allows me greater leverage to negotiate a wide array of mortgage products, rates, terms and conditions with financial institutions across the country. For my customers this means great value in rates, terms and conditions for their specific mortgage needs. This could result in many thousands of dollars in savings through the years of home ownership.

As an Mortgage Associate, I will meet your needs at the highest level of service you deserve, to eliminate the time of shopping and negotiate the right mortgage for YOU to suit your individual needs. Whether you are a first time or repeat home buyer, wanting to renew or refinance your existing mortgage, self-employed, new to Canada, looking for a larger home, Vacation Property, considering a debt consolidation, Renovating, Investing or are credit challenged, I am dedicated to determine your specific mortgage financing needs. I will counsel you on credit and mortgage qualifications.

 


BLOG / NEWS Updates

Toronto index stopped trending down in January

In January the TeranetNational Bank National Composite House Price IndexTM rose 0.3% from the previous month, a tic higher than the historical average for January and a second consecutive monthly increase. However, only four of the 11 metropolitan markets surveyed showed gains the first time since January 2016 that a rise in the Composite Index has had so little breadth. It was due mainly to a second straight monthly jump of the index for the important Vancouver market (1.2% in January on the heels of 1.3% in December). The Toronto index rose 0.2%, the Victoria index 1.0% and the Montreal index edged up 0.1%. All the other component indexes were down on the month: Hamilton (0.2%), Ottawa-Gatineau ( 0.2%), Edmonton (0.3%), Calgary (0.3%), Halifax (-1.0%), Winnipeg (1.1%) and Quebec City (2.0%). For Montreal, it was a 13th monthly increase, and for Hamilton it was a fifth decrease in a row. The rise of the Toronto index was the first in six months. The raw (unsmoothed) Toronto index [1] on which it is based was up for a third consecutive month. The firming of the smoothed index is due entirely to condo dwellings. The smoothed index for non-condo units fell in January for a sixth straight month, bringing its cumulative decline to 9.6%. Click here for full release. https://housepriceindex.ca/2018/02/toronto-index-stopped-trending-down-in-january/

2018 CMHC Prospective Home Buyers Survey

In October 2017, CMHC surveyed 2,507 prospective home buyers on-line. Respondents were all prime household decision-makers who intend to purchase a new home within the next two years, including approximately 1,500 First-Time Buyers, 500 current owners, and 500 previous owners. The survey results highlight that: First-Time Buyers and Previous Owners share the same top motivator to purchase a home: they want to stop renting. Improved accessibility (physical obstacles and barriers) and investment opportunity were also noted as top motivators across all groups. Changes to mortgage regulations and concerns about possible future interest rate increases were not among the top motivators. Over four-in-ten First-Time Buyers and Previous Owners say they would delay their home purchase if they were not able to find their ideal home, with a fairly similar proportion saying they would be willing to compromise on the size of the home and location. The majority of future home buyers intend to obtain a mortgage to finance their home purchase, with First-Time Buyers showing higher incidence compared to Previous Owners and Current Owners. Across all future home buyers groups, more than six-in-ten say they are likely to have a financial buffer in case their expenses change in the future. Furthermore, the majority of future home buyers, especially Current Owners, agree that they feel confident they have the necessary tools and information to manage their mortgage and debt load. Among all groups, the two most common actions completed one to two years prior to the purchase of a home were saving for a down payment and determining what type of home to buy. On the other hand, in the last three months before purchasing, about two-in ten of prospective buyers pre-qualify for a mortgage. About one-in-four prospective home buyers stated that they would be very likely to consider delaying their purchase in the event of an increase in interest rates.

MY LENDERS

TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital