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My Rates

6 Months 4.49%
1 Year 3.34%
2 Years 3.44%
3 Years 3.54%
4 Years 3.69%
5 Years 3.44%
7 Years 3.59%
10 Years 3.94%
6 Months Open 6.99%
1 Year Open 6.99%
*Rates subject to change and OAC
Cory McLean Accredited Mortgage Professional

Cory McLean

Accredited Mortgage Professional


Address:
201, 704 5th Avenue South, Lethbridge, Alberta

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Long gone are the days of dealing with "my bank".  Your bank has their bottom line as their number one priority, which is why many Canadians never see the best rate or most flexible mortgage with the lowest payout penalty. And never will you receive from your bank a concrete plan to pay your mortgage off sooner. 

The mortgage process can be intimidating. Navigating amortization, compounding factor, pre-payment privileges, substantially different methods of payout penalty calculations and the cumbersome documentation process can have your head spinning.  For 18 years I have been simplifying the process. I have helped over 3000 families enjoy a net savings of more than 3 Million Dollars. 

I have access to mortgage products from multiple lenders, and I work with you to determine the best product that will fit your immediate financial needs and future goals. Mortgages are not created equally. 

I am a member of the VERICO MORTGAGE BROKER NETWORK, 4 time winner of Canada's Mortgage Company of the year. Being part of Canada's largest Mortgage company allows for access to unbeatable pricing and technology, but being locally operated allows us to be personal and understand the local market and your needs.  Never before has experience mattered so much. Mortgage rule changes, government intervention and shifting markets have made mortgages very complex. 

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal or additional purchase. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the Mortgage Planner who can help you get the right financing, from the right lender, at the right rate.

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BLOG / NEWS Updates

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent in 2019 from 3.7 per cent in 2018. In particular, growth in the United States remains solid but is expected to slow to a more sustainable pace through 2019. However, there are increasing signs that the US-China trade conflict is weighing on global demand and commodity prices. Global benchmark prices for oil have been about 25 per cent lower than assumed in the October Monetary Policy Report (MPR). The lower prices primarily reflect sustained increases in US oil supply and, more recently, increased worries about global demand. These worries among market participants have also been reflected in bond and equity markets. The drop in global oil prices has a material impact on the Canadian outlook, resulting in lower terms of trade and national income. As well, transportation constraints and rising production have combined to push up oil inventories in the west and exert even more downward pressure on Canadian benchmark prices. While price differentials have narrowed in recent weeks following announced mandatory production cuts in Alberta, investment in Canadas oil sector is projected to weaken further.

Largest portions of household budgets go to shelter and transportation

Shelter remained the largest budget item for households in 2017, at 29.2% of their total consumption of goods and services. Spending on transportation, the second-largest expenditure category, accounted for 19.9% of total consumption, followed by food expenditures at 13.4%. Households spent an average of $18,637 on shelter, up 3.4% from 2016. Included in this total was an average of $16,846 paid for principal residence (which includes rent, mortgage payments, repairs and maintenance costs, property taxes and utilities) and an average of $1,791 for other accommodation, such as hotels and owned secondary residences. In 2017, two out of every three Canadian households owned their home, and more than half of homeowners had a mortgage. Homeowners with a mortgage spent an average of $25,904 on their principal residence, compared with $9,642 for homeowners without a mortgage and $13,499 for renters. Canadian households paid $12,707 for transportation in 2017, up 6.7% from 2016. They spent an average of $11,433 on private transportation, which includes the purchase of cars, trucks and vans, as well as their operating costs. Households, on average, spent $2,142 on gasoline and other fuels in 2017, up 9.8% from 2016, reflecting the 11.8% annual average increase in gasoline prices. Spending on public transportation, which covers public transit, taxis, intercity buses, trains and air fares, remained relatively unchanged at $1,274. In 2017, 84.0% of households owned or leased a vehicle. Vehicle ownership was highest in rural areas (94.9%) and lowest in cities with a population of at least one million residents (79.0%).

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP Home Trust
Merix Equitable Bank Street Capital CMLS Fisgard Capital ICICI Bank
Optimum  RMG Mortgages Bridgewater Marathon Mortgages