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My Rates

6 Months 3.09%
1 Year 1.59%
2 Years 1.59%
3 Years 1.59%
4 Years 1.59%
5 Years 1.69%
7 Years 2.74%
10 Years 2.95%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
MW-1311216
Nina McNamara Mortgage Associate

Nina McNamara

Mortgage Associate


Phone:
Address:
Box 65021, Mission Hill Plaza, St. Albert, Alberta

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What sets me apart from most is that I take the time to find out what your future financial plans are and I take into consideration your long-term goals. There’s much more involved than simply finding the lowest mortgage rates.

A mortgage is a long-term commitment that can have an impact on your long-term financial decisions. I have the tools to build you a customized mortgage plan; a unique mortgage plan that includes the features and options that you require for your specific situation.

Once I’ve built you a mortgage plan that fits your financial future and I’ve determined which type of mortgage product is best for you, I negotiate directly for you with competing lenders to get you the very best rate.

So if you are in need of obtaining a mortgage for a new purchase, re-financing, line of credit, a new build or an investment property contact me. Or if you would simply like to discuss mortgage options please do not hesitate to contact me and I can enlighten you on the products that we offer. Keystone Mortgage Corporation works with a variety of lenders whom offer products for Residential, Commercial and Agricultural purchases.

Nina McNamara


BLOG / NEWS Updates

Record December caps record year for Canadian home sales

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020. Home sales recorded over Canadian MLS Systems jumped by 7.2% between November and December to set another new all-time record. Seasonally adjusted activity was running at an annualized pace of 714,516 units in December 2020 the first time on record that monthly sales at seasonally adjusted annual rates have ever topped the 700,000 mark. The month-over-month increase in national sales activity from November to December was driven by gains of more than 20% in the Greater Toronto Area (GTA) and Greater Vancouver. Actual (not seasonally adjusted) sales activity posted a 47.2% y-o-y gain in December the largest year-over-year increase in monthly sales in 11 years. It was a new record for the month of December by a margin of more than 12,000 transactions. For the sixth straight month, sales activity was up in almost all Canadian housing markets compared to the same month in 2019. For 2020 as a whole, some 551,392 homes traded hands over Canadian MLS Systems a new annual record. This is an increase of 12.6% from 2019 and stood 2.3% above the previous record set back in 2016.

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

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