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Elevation Mortgage – Black Coffee

Apr 06

Elevation Mortgage – Black Coffee

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Canada uses a tiered minimum down payment system —

Canada uses a tiered minimum down payment system — and which tier you fall into changes everything. 🏠⁠
⁠
Under $500,000 → minimum 5% down⁠
$500,001 to $999,999 → 5% on first $500K, 10% on the rest⁠
$1,000,000 and up → minimum 20% (no CMHC insurance available)⁠
⁠
A few things people get wrong:⁠
⁠
1️⃣ You do NOT need 20% to buy a home. Most first-time buyers in Alberta and BC buy with 5–10% down and CMHC insurance covers the lender's risk.⁠
⁠
2️⃣ CMHC insurance isn't a penalty — it's what makes lower down payments possible. The premium is added to your mortgage, not paid upfront.⁠
⁠
3️⃣ Your down payment can come from savings, an FHSA, your RRSP Home Buyers' Plan, or a gift from an immediate family member.⁠
⁠
Wondering what your down payment number actually needs to be? Book a free call — we'll do the math together.⁠
⁠
🏔️ Licensed in Alberta and British Columbia⁠
⁠
#FirstTimeHomeBuyer #DownPayment #AlbertaMortgage #BCMortgage #CMHC #MortgageBroker #CalgaryRealEstate #HomeOwnership #ElevationMortgage #MortgageTips #ABRealEstate #BCRealEstate

Now is the time! Getting pre-approved should happe

Now is the time! Getting pre-approved should happen well before looking at homes. It’s so easy to take a peek at MLS and fall in love with a home. 💙

Speed and efficiency in making an offer and having that offer accepted happens who you are pre-approved and very prepared to buy a home! You can confidently make the offer, feel comfortable with the conditions and be prepared for all the next steps in the approval process.

We are here to help! Reach out today. Links in our bio or DM us. 🤓

Meet the next generation of Team Elevation 💛 They

Meet the next generation of Team Elevation 💛 They are now adults and both focused on business degrees this fall! So maybe mom's dream of working with these little cuties, now big cuties can come true?

I'm going to be in a lot of trouble for posting these photos... but they are so CUTE! I had to!

Over the years, since we opened Elevation Mortgage, - our days at the "office" or on phone calls or sending just one more email - have often been long — but we had the the world's most enthusiastic (if slightly unqualified) mortgage assistants.

The truth is, running a family business means our kids see what we do every day. They see the late nights during busy seasons. They see the excitement when get a win for a client. And apparently, they loved our branded merch back in the day. 🧢✨

We started Elevation Mortgage because we wanted to build something meaningful — not just for our clients, but for our family. A business rooted in relationships, trust, and helping people reach their homeownership goals across Alberta and British Columbia.

This is the heart behind Elevation Mortgage. Doing what we love, working for our clients and realtor partners and having a lot of fun - together with our kids.

🏔️ Licensed in Alberta and British Columbia

🙏 To every client who trusts us with their mortgag

🙏 To every client who trusts us with their mortgage journey — thank you. We are grateful! Thanks for the review Kristi. You made our day.

If you want to have a great mortgage experience, we are here to help. 🏡

Whether you're buying in Calgary, Edmonton, Canmore, or Bragg Creek or anywhere in between — we're here for you.

We are proudly serving clients across Alberta and BC and throughout western Canada.

#ClientReview #GoogleReview #ElevationMortgage #ABRealEstate #ABMortgageBroker #YYCRealEstate #Grateful #MortgageSuccess

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Contact Us

ELEVATION MORTGAGE

julie@elevationmortgage.ca
Julie: 403.828.4832

andy@elevationmortgage.ca
Andy: 403.828.8832

elevationmortgageyyc

Canada uses a tiered minimum down payment system —

Canada uses a tiered minimum down payment system — and which tier you fall into changes everything. 🏠⁠
⁠
Under $500,000 → minimum 5% down⁠
$500,001 to $999,999 → 5% on first $500K, 10% on the rest⁠
$1,000,000 and up → minimum 20% (no CMHC insurance available)⁠
⁠
A few things people get wrong:⁠
⁠
1️⃣ You do NOT need 20% to buy a home. Most first-time buyers in Alberta and BC buy with 5–10% down and CMHC insurance covers the lender's risk.⁠
⁠
2️⃣ CMHC insurance isn't a penalty — it's what makes lower down payments possible. The premium is added to your mortgage, not paid upfront.⁠
⁠
3️⃣ Your down payment can come from savings, an FHSA, your RRSP Home Buyers' Plan, or a gift from an immediate family member.⁠
⁠
Wondering what your down payment number actually needs to be? Book a free call — we'll do the math together.⁠
⁠
🏔️ Licensed in Alberta and British Columbia⁠
⁠
#FirstTimeHomeBuyer #DownPayment #AlbertaMortgage #BCMortgage #CMHC #MortgageBroker #CalgaryRealEstate #HomeOwnership #ElevationMortgage #MortgageTips #ABRealEstate #BCRealEstate

Now is the time! Getting pre-approved should happe

Now is the time! Getting pre-approved should happen well before looking at homes. It’s so easy to take a peek at MLS and fall in love with a home. 💙

Speed and efficiency in making an offer and having that offer accepted happens who you are pre-approved and very prepared to buy a home! You can confidently make the offer, feel comfortable with the conditions and be prepared for all the next steps in the approval process.

We are here to help! Reach out today. Links in our bio or DM us. 🤓

Meet the next generation of Team Elevation 💛 They

Meet the next generation of Team Elevation 💛 They are now adults and both focused on business degrees this fall! So maybe mom's dream of working with these little cuties, now big cuties can come true?

I'm going to be in a lot of trouble for posting these photos... but they are so CUTE! I had to!

Over the years, since we opened Elevation Mortgage, - our days at the "office" or on phone calls or sending just one more email - have often been long — but we had the the world's most enthusiastic (if slightly unqualified) mortgage assistants.

The truth is, running a family business means our kids see what we do every day. They see the late nights during busy seasons. They see the excitement when get a win for a client. And apparently, they loved our branded merch back in the day. 🧢✨

We started Elevation Mortgage because we wanted to build something meaningful — not just for our clients, but for our family. A business rooted in relationships, trust, and helping people reach their homeownership goals across Alberta and British Columbia.

This is the heart behind Elevation Mortgage. Doing what we love, working for our clients and realtor partners and having a lot of fun - together with our kids.

🏔️ Licensed in Alberta and British Columbia

🙏 To every client who trusts us with their mortgag

🙏 To every client who trusts us with their mortgage journey — thank you. We are grateful! Thanks for the review Kristi. You made our day.

If you want to have a great mortgage experience, we are here to help. 🏡

Whether you're buying in Calgary, Edmonton, Canmore, or Bragg Creek or anywhere in between — we're here for you.

We are proudly serving clients across Alberta and BC and throughout western Canada.

#ClientReview #GoogleReview #ElevationMortgage #ABRealEstate #ABMortgageBroker #YYCRealEstate #Grateful #MortgageSuccess

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 you Be

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! 🏆🤩

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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