HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM
Karen Low Mortgage Broker

Karen Low

Mortgage Broker


Phone:
Address:
#303, 10171 Saskatchewan Drive, Edmonton, Alberta

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

More than just a mortgage!

Purchasing a home is one of the biggest decisions you will make. You want to know that you have a partner who has your best interests in mind and someone who will listen to you. 

Karen has been in the mortgage industry for over 25 years in a variety of roles including a mortgage specialist with a big five bank, five years as a business development manager with two leading mortgage lenders and the last eight as a mortgage broker in the Edmonton market. With this experience, she knows for certain – not all mortgages are the same!

Karen will help walk you through the mortgage process, ensuring you are in the mortgage product that suits your needs and goals, not only for today, but down the road as your needs evolve and change. With access to over 35 lenders, there is a solution for almost every situation. Karen will work for you and your family to find the best options for your unique situation. As a member of a top volume brokerage, Karen has access to the best mortgage products, preferred interest rates and top performing lending partners in the country.

With online applications, video conferencing and a fully digital platform; the whole mortgage process is easy and efficient, saving you time and making it extremely convenient to arrange your home financing from the comfort your home! In addition to her uncompromising service promise and her award winning underwriter, Cara, you are in excellent hands and are in for a mortgage financing experience second to none!

Karen is ever grateful for the confidence of her clients and their support of her business with five star google reviews, referral of their colleagues, friends and family.

Do you need help with purchasing, refinancing, construction mortgages, bruised credit, self-employed clients, rental properties, second homes, reverse mortgages? Karen brings trustworthy experience in all facets of mortgage financing with her favorite clients being first time homebuyers!

As an award winning broker herself, Karen works with top realtors, financial planners, relocation companies and lenders in the industry; and believes when making decisions as large as a home purchase, only the best will do!

Let Karen’s experience work for you, you will be glad you made the call!

 


BLOG / NEWS Updates

Index growth slows further in January

In January the TeranetNational Bank National Composite House Price IndexTM was up 0.3% from the previous month. It was the third consecutive month in which the index rose less than the month before. The increase was led by five of the 11 constituent markets: Hamilton (2.0%), Montreal (1.0%), Victoria (0.6%), Halifax (0.4%) and Vancouver (0.4%). Rises of less than the countrywide average were reported for Quebec City (0.3%) and Ottawa-Gatineau (0.1%). Indexes were down from the month before in Toronto (0.1%), Calgary (0.2%), Edmonton (0.4%) and Winnipeg (0.4%). After three months September, October, November in which all 11 markets of the composite index were up from the month before, it was a second consecutive month in which one or more markets were down on the month. The price rise is consistent with the rise of home sales volume over the last several months as reported by the Canadian Real Estate Association. For a fifth straight month, the number of sale pairs[1] entering into the 11 metropolitan indexes was higher than a year earlier. The unsmoothed composite index, seasonally adjusted, was up 0.9% in January, suggesting that the published (smoothed) index could continue its uptrend.

Canadian home sales continue their momentum to start 2021

In January, Canadian home sales increased 2.0% month-on-month, building on Decembers 7.0% gain. On a year-on-year basis, they were up 35.2%. Provincially, sales were up in 8 of 10 provinces in January, with strong gains recorded in PEI (+20.5% m/m) and Alberta (+11.9%). On the flipside, a relatively steep decline was recorded in Nova Scotia (-8.3%). New listings dropped by 13.5% m/m in January. The combination of rising sales and falling new listings brought the months supply of inventory measure to under 1.9 months. The national sales-to-new listings ratio also increased to 90.7% its highest level by far. Every province was in sellers territory in December, and many of those in the eastern part of Canada had ratios over 100% (Quebec: 128.3%; New Brunswick: 116.0%; Nova Scotia: 114.3% and PEI:101.5%). This means that there were more sales than new units listed last month in these provinces. This is a rare situation, but has occurred before in the Atlantic Provinces. However, January marked a first on this front in Quebec. Elsewhere, ratios were particularly elevated in Manitoba (86.1%) and Ontario (88.6). Strong demand and historically tight conditions were reflected in prices. Indeed, Canadian average home prices surged by 4.7% m/m in January. On a year-on-year basis, they were up 22.8%, marking an acceleration from December. However, prices were up in 8 of 10 provinces during the month, with the largest gains occurring in Alberta (+8.1%) and Ontario (7.4%). Compared with the average sales price, the MLS home price index, a more like for like measure, increased 2.0% m/m. Single family home prices rose 2.6% m/m (and a robust 17.4% y/y), whereas apartment prices advanced by a smaller 0.2% m/m (and decelerated to 3.3% y/y). In Toronto, apartment prices increased 0.4% m/m, the first gain in 4 months. Key Implications Home sales picked up right where they left off to start 2021. Demand was likely given a lift by ultra-low mortgage rates, which dropped again during the month. Januarys robust gain coupled with a strong handoff into this year virtually ensures that sales will increase in the first quarter. However, with sales likely running above fundamentally-supported levels, we think some cooling in activity will take place, especially in the second half. A dwindling supply of inventories, when benchmarked against the current sales pace, could also weigh on activity moving forward. With todays data showing a solid gain in prices last month and new supply collapsing across nearly the entire country, markets were historically tight. This points to further strong price gains ahead in the near-term. Also notable was that benchmark condo prices grew for the first time in several months in Toronto. Although supply remains elevated, conditions are becoming tighter than what we saw last fall. This suggests that further gains are in store. Source: https://economics.td.com/ca-existing-home-sales

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank RFA CMLS ICICI Bank
Fisgard Capital Optimum  RMG Mortgages Bridgewater Marathon Mortgages