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Sep 08

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The Bank of Canada has cut the Prime rate seven ti

The Bank of Canada has cut the Prime rate seven times since June 2024. Today they held steady on rates, with no change.

There are two opposing pressures on the BoC - the first, 84,000 jobs lost in February (indicating a weakening national economy), the second, oil at $100 a barrel (up $35 in three months and creating inflation pressure. This leave the BoC at a stalemate on any rate decrease.

The decision on a fixed or a variable rate at the time of purchase or mortgage renewal has never been more complex.

There are opportunities for anyone renewing a mortgage to have us shop all the lender options, possibly refinance to pay off consumer debts, or extend the amortization to assist with the payments now that rates are higher than five years ago.

The good news - we are here to help source the best purchase or mortgage renewal rates we can, with options at over 20 lenders, including Canada's biggest banks and local credit unions, and get to each know each client and their financial situation and goals so we can provide advice that makes the decision easy.

April 16th is the next announcement date.

Our baby boy turns 21 today! ❤️ so proud of yo

Our baby boy turns 21 today! ❤️ so proud of you Beck! Where does the time go? We can’t wait to celebrate this week. 🎉🎂🥳

Good news for new home builds and first time home

Good news for new home builds and first time home buyers!

On March 12, Bill C-4, the Making Life More Affordable for Canadians Act, received Royal Assent.

This new legislation increases affordability in a few key ways, but for first-time home buyers in particular, it makes homeownership much easier to achieve.

Most notably, the First-Time Home Buyers' (FTHB) GST/HST Rebate has now been passed into law through this bill.

With this temporary rebate, first-time home buyers can recover up to 100% of the GST or federal portion of the HST paid (up to $50,000) on the purchase of pre-construction condos and new homes up to $1.5 million until 2031.

Who Is Eligible for the Rebate?

The rules of eligibility for this significant tax rebate are:

The buyer is a Canadian citizen or permanent resident of Canada who is at least 18 years old.

The buyer must be a first-time homebuyer (or not have lived in a home that they or their spouse/common-law partner owned or jointly owned in the last 5 years).
The home must be the buyer's primary place of residence.

The home must be newly built or substantially renovated (interiors 90% replaced).

The buyer enters into the agreement of purchase and sale with the builder on or after March 20, 2025, and before 2031. (Note: When the rebate was originally proposed, the start date of eligibility was May 27, 2025.)

The buyer must receive the new home before 2036 and be the first to occupy it as a place of residence.

How Much Is the Rebate?

The substantial savings offered by the FTHB GST/HST Rebate are based on a sliding scale for homes priced between $1 million and $1.5 million. Meanwhile, for homes below $1 million, buyers will receive a full federal tax rebate.

Congratulations on a very successful 2025 Andy! 🏆🤩🎊💙

If you know Andy, you know he’s a bit shy about awards and accolades.

But this one is pretty cool and I’m sharing the exciting news! He did not approve this post. 😂

Our brokerage, Mortage Connection, held an awards evening recently and Andy was number 12 for overall mortage volume and performance out of 180 agents! 🙌🏻 To be in the top 20 in this group is a huge achievement. Our brokerage is one of the highest performing in western Canada, with a roster of elite agents, and we are honoured to work on a team of truly exceptional people.

I won the Efficiency Award, given by our lender partners, to the most agent who submits mortage applications of the highest quality, with the most approvals per mortgage submission ratio. Our relationships and trust with underwriters, communication and efficieny are the cornerstones of good mortage agent and lenders partnerships. Well prepared mortgage applications get right to the front of the line for service and approval times. 🤓🧑‍💻

Grateful to our clients, realtor and financial planner partners and friends who refer new clients our way. Thank you all for your support. We truly appreciate every time someone passes on our names or introduces us to a new client. So thank you all!

We are so pleased to offer mortage solutions across Alberta, BC and western Canada. We are just a phone call, email, text or zoom away.

2026 is lining up to be an epic year!

If we can assist with your mortage needs or if you are a realtor or financial planner who wants to partner with a pair of award winning 😉and dedicated mortgage agents please connect!

Julie, Andy and Vivian 🐶

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ELEVATION MORTGAGE

julie@elevationmortgage.ca
Julie: 403.828.4832

andy@elevationmortgage.ca
Andy: 403.828.8832

elevationmortgageyyc

Our baby boy turns 21 today! ❤️ so proud of yo

Our baby boy turns 21 today! ❤️ so proud of you Beck! Where does the time go? We can’t wait to celebrate this week. 🎉🎂🥳

Good news for new home builds and first time home

Good news for new home builds and first time home buyers!

On March 12, Bill C-4, the Making Life More Affordable for Canadians Act, received Royal Assent.

This new legislation increases affordability in a few key ways, but for first-time home buyers in particular, it makes homeownership much easier to achieve.

Most notably, the First-Time Home Buyers' (FTHB) GST/HST Rebate has now been passed into law through this bill.

With this temporary rebate, first-time home buyers can recover up to 100% of the GST or federal portion of the HST paid (up to $50,000) on the purchase of pre-construction condos and new homes up to $1.5 million until 2031.

Who Is Eligible for the Rebate?

The rules of eligibility for this significant tax rebate are:

The buyer is a Canadian citizen or permanent resident of Canada who is at least 18 years old.

The buyer must be a first-time homebuyer (or not have lived in a home that they or their spouse/common-law partner owned or jointly owned in the last 5 years).
The home must be the buyer's primary place of residence.

The home must be newly built or substantially renovated (interiors 90% replaced).

The buyer enters into the agreement of purchase and sale with the builder on or after March 20, 2025, and before 2031. (Note: When the rebate was originally proposed, the start date of eligibility was May 27, 2025.)

The buyer must receive the new home before 2036 and be the first to occupy it as a place of residence.

How Much Is the Rebate?

The substantial savings offered by the FTHB GST/HST Rebate are based on a sliding scale for homes priced between $1 million and $1.5 million. Meanwhile, for homes below $1 million, buyers will receive a full federal tax rebate.

Congratulations on a very successful 2025 Andy! 🏆🤩🎊💙

If you know Andy, you know he’s a bit shy about awards and accolades.

But this one is pretty cool and I’m sharing the exciting news! He did not approve this post. 😂

Our brokerage, Mortage Connection, held an awards evening recently and Andy was number 12 for overall mortage volume and performance out of 180 agents! 🙌🏻 To be in the top 20 in this group is a huge achievement. Our brokerage is one of the highest performing in western Canada, with a roster of elite agents, and we are honoured to work on a team of truly exceptional people.

I won the Efficiency Award, given by our lender partners, to the most agent who submits mortage applications of the highest quality, with the most approvals per mortgage submission ratio. Our relationships and trust with underwriters, communication and efficieny are the cornerstones of good mortage agent and lenders partnerships. Well prepared mortgage applications get right to the front of the line for service and approval times. 🤓🧑‍💻

Grateful to our clients, realtor and financial planner partners and friends who refer new clients our way. Thank you all for your support. We truly appreciate every time someone passes on our names or introduces us to a new client. So thank you all!

We are so pleased to offer mortage solutions across Alberta, BC and western Canada. We are just a phone call, email, text or zoom away.

2026 is lining up to be an epic year!

If we can assist with your mortage needs or if you are a realtor or financial planner who wants to partner with a pair of award winning 😉and dedicated mortgage agents please connect!

Julie, Andy and Vivian 🐶

Our only baby at home, is very very needy. She is

Our only baby at home, is very very needy. She is jealous of the guitar and makes he can’t play. 😂❤️🐶 Andy is never truly never by himself. She’s attached. At all times!

Happy New Year! We are kicking off the year feeli

Happy New Year!

We are kicking off the year feeling rested and ready to have a fantastic 2026. 🎇

Just wanted to share a few things we want everyone to know!

🥳 We can source mortgage solutions from over 20 lenders including banks, national mortage lenders and credit unions.

🎉 Our services are free to our clients!

🤩 We are licensed mortage agents in both Alberta and BC.

🎊 We provide mortage options for principal residences including town / city / acreages, rental and vacation properties and second family homes.

🪅We work on home purchases, mortage renewals, refinances and adding a secure line of credit.

🫶🏻 We love your referrals. Thank you to our real estate partners, accountants, financial planners, friends and family for referring new clients our way. So much gratitude for your trust in us!

#2026

Not a single family photo with all four of us. 😂❤️ But a lovely Christmas with lot of family time, fun and rest! Yoga, dog walks, squash, hot tubs time, scrabble matches, great food and drinks and friends! Happy New Year all! Full of gratitude for 2025 and ready for 2026! 🤩

The best time of year! The cross country ski trail

The best time of year! The cross country ski trails are slowly opening ❄️🌨️🌬️☃️ Now go away rain, let it snow, snow, snow! Winter paradise. Thankful moment for the immense beauty surrounding us! 💙PS this was a few days ago. Fingers crossed we get a good dump this week! 🤞🏻Thanks for the photo Laura Ferguson Watson.

Morning views at the most beautiful dog park ever

Morning views at the most beautiful dog park ever 😍 Vivian is living her best life. So are we! ❤️🐶🐾

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