| It's a buyer's market when it comes to finding Alberta | | | | Canada has one of the lowest rates of mortgages in |
| best mortgage rates. Since 2006, mortgages have | | | | arrear at .27 percent. |
| stepped up in innovation, helping Alberta's mortgage | | | | Thanks to Canada's cautious approach, their financial |
| rates stand out. | | | | institutions remain sound in regards to mortgage lending. |
| Now, Canada offers longer amortization periods | | | | Because of the government's sturdy financial |
| ranging from 25 to 40 years. The current mortgage | | | | administrative system, the housing and mortgage |
| insurance laws have made it possible for a buyer to | | | | markets remain strong and secure. |
| finance up to 100% of the loan-to-value ratio. Plus, loan | | | | Sub-prime mortgages represent less than 5 percent of |
| documentation is efficient and smooth in respect to | | | | the population in recent years. As a result, Alberta's |
| verifying borrower's income and employment. | | | | best mortgage rates are easy to come by due to a |
| The Department of Finance in Canada reports the | | | | world-class mortgage finance system and competitive |
| housing and mortgage markets to be performing well | | | | prices. |
| across the board. This means that current Canadian | | | | If you're looking for a mortgage quote in Canada, try |
| housing offers low interest rates because the | | | | going online first. You can use one of the mortgage |
| economy is still doing well though the rest of the world | | | | calculators to find a rate from several competitors all |
| is in an economic slump. As the population grows, the | | | | at once. Make sure you look around a bit. The more |
| income of Alberta's citizens does, too. | | | | you try different variables, you'll see that just because |
| The demand for housing in Alberta is strong, and the | | | | the rate is good for a certain term and price with one |
| average house value is expected to remain close to | | | | company, another company may offer a better rate if |
| $200,000 for the seventh year in a row. In addition, | | | | the term or price is different. |