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AGENT LICENSE ID
Alberta
Chris Stewart Sr. Mortgage Professional

Chris Stewart

Sr. Mortgage Professional


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Southwest, Airdrie, Alberta

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"Welcome to my Website!"

 

Shopping for the BEST available mortgage can be a daunting task. Mortgage Financing can be a complex exercise and going to different institutions to find that best available mortgage will take time. Why not Save Time, Energy and Money by using a CML Mortgage Professional. I can be your one central contact who can provide extensive choice across Prime, Non-Prime and even Private Mortgage Markets. Here are some top reasons WHY you should choose me as your Licensed Mortgage Professional:

 

Experience and Expertise: You have the questions, I have the answers.

 

Mortgage Champion: I am your unbiased Mortgage Professional representing you and your best interests and not those of the lender.

 

Personalized Service: My success is based on your satisfaction.

 

Solutions That Fit: I can save you money by providing the education you need to make excellent decisions and choose the right option.

 

Time Savings: I will work with you to ensure the application package is fully completed, search for the best available product(s) and present you the options available                                            saving you time and lots of it

 

Whether you are seeking a Purchase, Refinance, Switch/Transfer, Reverse Mortgage or an Equity Take-Out, as your Mortgage Professional, I am committed to providing you with a friendly, personalized, smooth, educational and even an enjoyable mortgage financing experience. Contact Me Today!

 

"Working In Your Best Interest"

 

 As a member of Mortgage Professionals Canada (MPC) and the Alberta Mortgage Brokers Association (AMBA), I am committed to providing a safe and friendly environment for all clients, lenders and any other participants involved with my business and its operation through the following Code of Conduct:

 

Compliance / Outcomes: Comply with Legislative and Regulatory requirements.

 

Accountability: Act in a responsible and accountable manner.

 

Honesty: Conduct my activities in a truthful, clear and transparent manner.

 

Competence: Develop and maintain my skills, knowledge and aptitudes necessary for business activities.

 

Suitability: Provide options for products and services suitable for my clients.

 

Disclosure: Disclose material information to applicable parties in a transaction.

 

Conflict of Interest Management: Identify and disclose actual or potential perceived conflicts of interest to applicable parties.

 

Security and Confidentiality: Protect my clients' information and only use it for purposes for which consent is granted.

 

Stewardship: Act with integrity and respect and not bring disrepute or undermine the public's confidence.

 

Co-operation with Regulators: Co-operate with industry regulators and report possible violations of any laws.  

 

"Building Partnerships That Deliver Trusted Financing Solutions"

 

Click Here To Schedule A Meeting With Chris


BLOG / NEWS Updates

Central Bank Raises Rates As Mortgage Arrears Also Rise!

NEWS The Bank of Canada announced a 25 basis-point (Bps) Overnight Rate increase this morning bringing the Banks Target Rate to 4.75%. The bank also announced that will continue its policy of quantitative tightening. Tiff Macklem, Governor of the Bank of Canada, stated that Global inflation remains high and broad-based. Although inflation is dropping in many countries primarily due to lower energy prices and improvements to global supply chain, Chinas abrupt lifting of Covis restrictions poses a risk to commodity prices and the war in Ukraine continues to generate uncertainty. In Canada, economic growth has been stronger than expected and the economy remains in excess of demand. However, there is growing evidence that restrictive monetary policy is slowing activity. As the effects of interest rate increases continue to work through the economy, spending on consumer services and business investment are expected to slow. Meanwhile, weaker foreign demand will likely weigh on exports. The overall slowdown in activity will allow supply to catch up with demand. In conjunction with the Bank of Canadas Rate Announcement, the central bank also released its Quarterly Monetary Policy Report that outlines inflation being projected to fall around 3% in the middle of 2023 and reach the targeted 2% in 2024. A decrease rate that will generate a bumpy ride for consumers throughout 2023. The Bank of Canadas Media Release Monetary Policy Report January 2023 According to Ben Rabidoux of Edge Realty Analytics and author of the latest Housing and Mortgage Report done for Mortgage Professionals Canada, mortgage arrears is a lagging indicator that tells us more about how consumers were faring 9-12 months ago than it does about the near future. But, Canadas National Arrears Rate experienced an uptick from its all-time low back in October 2022. According to data from the Canadian Bankers Association, mortgage payments that are behind 3 months or more, rose to 0.15% from 0.14% where it was since June 2022. That seems to be a very small percentage but the 0.01% increase represents just over 7,400 mortgages in arrears out of a total of over 5.1 million. The numbers do tell us households are likely going into potential recession in a better position than during other turndowns, according to Ben. Sources: Bank of Canada, Canadian Mortgage Trends Mortgage Professionals Canada

Slight increase in home sales in December

Summary On a seasonally adjusted basis, home sales increased 1.3% from November to December, a second monthly gain in ten months. Despite this relative stabilization of the market in December, sales were still down 37.8% from their February 2022 level. New listings were down 6.4% from November to December, a fifth contraction in six months which shows that both buyers and sellers remain on the sidelines in the current market environment. It should also be noted there is still a high proportion of sellers who are changing their minds, as we estimate that about one in five listings are withdrawn during the month. The low level of sales is still allowing supply to rebuild, with the number of months of inventory increasing from 4.1 to 4.2 in December. While easing, market conditions are still pointing in the direction of a favourable to sellers market with supply still very low on a historical basis. Housing starts fell 14.4K in December to a 9-month low of 248.6K (seasonally adjusted and annualized). Urban starts dropped 12.9K to 227.7K on declines in both the single-family (-5.5K to a post-pandemic low of 44.9K) and the multi-family segment (-7.4K to 182.9K). The Teranet-National Bank Composite National House Price Index decreased by 0.3% in December compared to the previous month and after adjusting for seasonal effects, the sixth consecutive monthly decrease. After adjusting for seasonal effects, 6 of the 11 markets in the composite index were down during the month: Winnipeg (-1.8%), Calgary (-1.1%), Ottawa-Gatineau (-1.1%), Edmonton (-0.9%). Montreal (-0.5%) and Toronto (-0.4%). Conversely, the Quebec City (+1.3%), Victoria (+1.1%). Hamilton (+0.8%), Halifax (+0.4%) and Vancouver (+0.1%) markets were up. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf

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