Spire Mortgage Team

Spire Mortgage Team Creative mortgage solutions inSPIREd by your own story.
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06/23/2026

Should you lock in your rate or keep waiting?

Everyone wants the perfect timing, but the reality is there's no universal right answer.

If rate changes are going to stress you out, locking in can provide peace of mind. If you're comfortable riding out some ups and downs, a variable rate may still be worth considering.

The best mortgage isn't the one with the lowest rate—it's the one that lets you sleep at night. 😴

06/18/2026

Question #12: What should I budget for closing costs?

Down payment? Check. Closing costs? Don’t forget those. 👀

In Alberta, closing costs are often lower than buyers expect, but they’re still an important part of your budget.

A good rule of thumb: have $5,000–$7,500 set aside so you're ready when possession day arrives.

The last thing you want is a surprise bill when you're getting the keys. 🔑

06/16/2026

Question #11: What is the minimum down payment required in Canada?

Current minimum down payment requirements are:

✔️ 5% of the first $500,000 of the purchase price
✔️ 10% of the portion between $500,000 and $1.5 million
✔️ 20% down payment for homes purchased above $1.5 million

For example:
• $500,000 purchase price = $25,000 minimum down payment
• $1.5 million purchase price = $125,000 minimum down payment
• $1.6 million purchase price = $320,000 minimum down payment

Understanding these thresholds is essential when budgeting for a home purchase and determining what price range makes the most sense for your financial goals.

06/11/2026

Debt ratios might sound boring… but they’re a big deal when buying a home.

Your GDS and TDS help lenders figure out how much mortgage you could qualify for, AKA how much home may fit your budget.

Mortgage math made simple.

06/09/2026

Question 10: Can I get approved for a mortgage with student loans and car payments?

If you have a strong income, of course. If your income isn't as strong, you might want to consider restructuring some debt or holding off on that car purchase until you've bought the house.

But this is a question you need to ask specifically of a mortgage broker so that they can run your exact profile and figure out what you can afford with your current debt scenario and any upcoming debts that might be hitting your profile soon.

But pro tip, guys, always buy the house before you take on other debt. It's way easier to get a car payment or a student loan or something like that than it is to get a mortgage.

So start with the house if you can.

06/04/2026

Thinking about a cashback mortgage?

Getting money back at closing can sound like a win, and in the right situation, it absolutely can be.

A cashback mortgage gives you funds upfront that can be used for things like paying off high-interest credit card debt, covering expenses, or improving cash flow.

But there's a catch: if you break your mortgage early, you may have to repay part of that cashback.

Not all cashback mortgages are built the same, which is why understanding the fine print matters.

05/27/2026

Question #9: What credit score do I need to get a mortgage in Canada?

While many people assume they need a perfect credit score, the reality is that a score of around 600 may be enough to access AAA lending in Canada.

But lenders are not only reviewing the score. They also want to understand how you manage credit.

A helpful guideline is the Rule of Twos:

• Two different types of credit
• Each with a limit of at least $2,000
• Maintained for at least two years

This shows lenders that you have access to credit and can manage it responsibly over time.

A strong credit profile is about more than a high score. It is about consistency, responsible usage, and the depth of your credit history.

05/21/2026

Self-employed and wondering if a mortgage is still possible? Good news: yes, absolutely. 🙌

In Canada, self-employed buyers have more mortgage options than they might think — from major banks to alternative and private lending solutions built for more flexible income situations.

The key? Don’t try to guess which box you fit into. Talk to a mortgage broker, share the full picture of your business and finances, and get options that actually match your life.

Because when you’re self-employed, your mortgage should work around your reality — not the other way around.

05/15/2026

What a night. 🤍

Our Spire Ambassador Event was such a success, and honestly, we’re still feeling so grateful.

This event was about pausing for a moment to celebrate the people who make Spire what it is. The clients who trusted us with big decisions. The friends, family, and partners who referred people our way. The supporters who have stuck with us while we quietly kept our heads down, focused on doing right by people and building something we’re truly proud of.

Spire has always been built through relationships first. Not noise. Not shortcuts. Just trust, hard work, and a lot of good people believing in what we’re doing.

To everyone who showed up, supported us, referred us, cheered us on, or trusted us with one of the biggest financial decisions of your life: thank you. We don’t take it lightly.

And a huge thank you to our incredible sponsors for helping make the night possible:
Our presenting Sponsor:
and in partnership with: , ,
, and

And another huge shoutout to for hosting us. The service and food were amazing, and it was the perfect spot to bring everyone together.

Here’s to what’s been built together, and what’s still to come. 🥂

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