Carolyn Withey Mortgage Professional

Carolyn Withey

Mortgage Professional

Greater Banff Area, Banff, Alberta







Carolyn Withey, or Caz as she is known by most, is a mortgage professional proudly based in the Bow Valley.  She has made this valley her home for nearly 20 years and understands the struggles of making this mountain paradise your permanent base.  She also knows from experience that it is worth it! 


This beautiful valley stretching within the Canadian Rockies is not just a fantastic place to recreate, it's also a place to set down roots, to raise kids or to retire. Whether you live here for the beauty of the surroundings, a love for the small town atmosphere, or you are in-love with adventure, there are so many reasons to stay.  The Bow Valley offers the opportunity for the lifestyle you choose! 


The services I offer as a mortgage professional can help when you start looking at your options!  I can help to save you time and money, while helping to alleviate stress at a very exciting time.  Whether this will be your first home purchase or your fifth, there are many angles to a new mortgage.  A mortgage's features can be as valuable as a great rate. For the majority of people, a mortgage is their largest financial obligation, and it pays to look at the big picture.  A mortgage professional will look at numerous options at once and fit your mortgage needs to you, based on the best option availble from the large number of lenders they work with directly. This includes big banks, a large number of the biggest Canadian lenders, as well as private lending options.  Where a bank can only offer one line of options, a Mortgage Professional can access over 30 different lenders, each offering their own full line of different products to suit your possible situation.  The best part is my advice is free!  A mortgage professionals services are paid by a lender, except in very particular situations.  It is worth exploring all of your options, give me a call! 

BLOG / NEWS Updates

Almost no annual growth for national HPI

The national HPI has grown at a below-inflation rate of 0.5% over the last 12 months, the smallest gain since November 2009. Moreover, the fact that monthly gains are reported for May and June does not mean that the market recently turned the corner. These two months typically register the strongest growth rates in a year. Indeed, the two latest rises were among the weakest in history for months of May and June. If seasonally adjusted, the national HPI would been down in both months this year. However, the weakness is not regionally broad-based. The national HPI was dragged down by 12-month home price declines in Western Canada metropolitan areas (Vancouver, Calgary, Edmonton and Winnipeg) and a tiny increase in Victoria. In Central Canada and in the East, home price growth ranges from decent to strong (left chart). This is consistent with the state of home resale markets. For example, the Vancouver market turned favorable to buyers at the end of last year, while the Toronto market remained balanced and Montreal’s market has never been this tight since 2005. That being said, a rebound in home sales recently occurred in Canada which was also felt in the largest Western metropolitan areas. This should help limit home-price deflation in these areas. The Teranet–National Bank Composite National House Price Index increased 0.8% in June, a second gain in a row after an eight-month string without a rise. Highlights: On a monthly basis, the index rose in 8 of the 11 markets covered: Winnipeg (0.1%), Quebec City (0.3%), Montreal (0.8%), Toronto (1.3%), Halifax (1.5%), Hamilton (+1.6%), Victoria (+2.1%) and Ottawa-Gatineau (+2.2%). The index was down in Calgary (-0.1%) and Vancouver (-0.3%), and flat in Edmonton. From June 2018 to June 2019, the Composite index rose 0.5%, the smallest 12-month gain in ten years. The HPI declined in Vancouver (-4.9%), Calgary (-3.8%), Edmonton (-2.6%) and Winnipeg (-0.4%). It was up in Victoria (0.3%), Quebec City (1.5%), Halifax (2.7%), Toronto (2.8%), Hamilton (4.8%), Montreal (5.4%) and Ottawa-Gatineau (6.3%). Source: National Bank Financial Markets; Marc Pinsonneault


In contrast to the US, Canadian growth is accelerating sharply going into the second quarter, following a solid gain in domestic demand to start the year. Fast, and accelerating, population growth, and remarkably strong employment growth are providing a solid underpinning to consumer spending and the housing market. Positive export data suggest that the ongoing strength in domestic demand will be buttressed by net exports in the second quarter, and possibly beyond. Canadian inflation is at the Bank of Canadas target, in sharp contrast to the US, where it has moved away from the Feds objective. This gives the BoC room to keep rates on hold if inflation remains on target. Downside risks remain important and are all linked to US-centric developments, with worries about US trade policy ongoing despite the pause with China. Recent Canadian developments stand in sharp contrast to events in much of the rest of the world. Whereas US growth is clearly decelerating, Canadian growth is on an upswing, with recent indicators pointing to a very sharp rebound from a somewhat sluggish start to the year. Canadians appear to be, for the time being, largely insulated from the broader malaise facing the global economy as consumer and business confidence has improved sharply in recent quarters, owing to strong sales and job creation. While there are a number of factors suggesting that the growth rebound observed will persist through 2020, there is a risk that a divergence between Canadian and US outcomes may not last. Source: Scotiabank Economics


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