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Karen Low Mortgage Broker

Karen Low

Mortgage Broker


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#303, 10171 Saskatchewan Drive, Edmonton, Alberta

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Do you have mortgage questions?

Have you been to the bank or asked friends their opinion and are now more confused?

Do you know the costs of breaking a mortgage before your term is up? 

Are you sure you have the right mortgage product for your situation?

I can help!

I have been in the mortgage industry since 1995 in various roles including working as a mortgage specialist with a big 5 bank, 5 years as a business development manager with 2 leading broker mortgage lenders and the last 5 as a mortgage broker in the Edmonton market... with this experience, I am here to tell you – not all mortgages are equal!

I will help walk you through the mortgage process, ensuring you are in the mortgage product that suits your needs and goals...not only today, but down the road as your needs may change. With access to over 35 lenders, there is a solution for almost every situation, I work for you and my services are free.

New purchases, refinance, construction, bruised credit, self employed, rentals, second home, reverse mortgages…I am experienced in all facets of mortgage financing.

I only work with the top realtors, financial planners, relocation companies and lenders in the industry…when making decisions as large as a mortgage transaction, only the best will do!

Let my experience work for you, you will be glad you made the call!

attain Mortgage

More than just Mortgages. We can help you build your future.

BLOG / NEWS Updates

Home affordability improved in Q2 2020

Housing affordability in Canadas large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing from the central bank. Combined, income and mortgage rates were more than enough to offset the increase in home prices. Still, the decline in interest rates on a quarterly average basis does not completely reflect the change in 5-year mortgage rates since the beginning of the COVID-19 pandemic. The February to June decline in mortgage interest rates was a much more significant 41 basis points. Looking ahead, the preliminary data for rates shows additional improvements in the third quarter of the year (cumulatively they are down over 70 bps). While we expect this to help affordability, home prices should remain resilient based on the latest resale market data showing record sales volumes. Homebuyers have rushed back to the market after having delayed purchases and are now being offered record-low interest rates. Once pent-up demand is exhausted, the Canadian housing market will still have to face high levels of unemployment and reduced household formation due to lower immigration.

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent. The Bank Rate is correspondingly percent and the deposit rate is percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds. Both the global and Canadian economies are evolving broadly in line with the scenario in the July Monetary Policy Report (MPR), with activity bouncing back as countries lift containment measures. The Bank continues to expect this strong reopening phase to be followed by a protracted and uneven recuperation phase, which will be heavily reliant on policy support. The pace of the recovery remains highly dependent on the path of the COVID-19 pandemic and the evolution of social distancing measures required to contain its spread. The rebound in the United States has been stronger than expected, while economic performance among emerging markets has been more mixed. Global financial conditions have remained accommodative. Although prices for some commodities have firmed, oil prices remain weak. In Canada, real GDP fell by 11.5 percent (39 percent annualized) in the second quarter, resulting in a decline of just over 13 percent in the first half of the year, largely in line with the Banks July MPR central scenario. All components of aggregate demand weakened, as expected.

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