Georgina Shorten Mortgage Broker

06/07/2023

Important update that will affect interest rates for products like variable/adjustable mortgages and lines of credit. Please reach out if you have questions about how this latest rate hike might impact you! I am here to help. Do not hesitate to contact me.

The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January.

05/14/2023

Wishing you a happy Mother’s Day 💐

04/04/2023

🏡 Reminder for my 2022 first-time homebuyers! 🏡 Claiming the Home Buyer's Amount (line 31270) can earn you $1,500 off your tax return.

If you are unsure whether you qualify, check out the eligibility criteria on the Government of Canada’s website (most buyers and homes will qualify): https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-31270-home-buyers-amount.html

As always, I am available to discuss your options with you at [email protected] or 403.542.3618

12/07/2022

The Bank of Canada has raised its overnight target rate by 50 basis points, bringing it to 4.25%. Banks and other financial institutions are expected to raise their prime rate in the coming days, which will increase rates for variable-rate mortgage holders. Please reach me if you have questions or need advice. I am here for you: [email protected] or 403.542.3618

The Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, marking the seventh and final rate hike of the year.

12/05/2022

Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point on Weds, Dec. 7. If you have a variable rate mortgage or a home equity line of credit and would like some advice, give me a call: 403.542.3618

The Bank of Canada has signalled it will raise interest rates again at its final decision of the year on Dec. 7, but economists are torn on how big the hike will be.

11/11/2022

May we never forget.

11/07/2022

On Friday, the Federal Government presented its Fall Economic Statement. Specifically related to housing, the federal government has promised the following:

- Help young Canadians afford a down payment faster with the new Tax-Free First Home Savings Account
- Help Canadians save on closing costs by doubling the First-Time Home Buyers’ Tax Credit to provide up to $1,500 in direct support to home buyers
- Introduce a new, refundable Multigenerational Home Renovation Tax Credit
- Crack down on house flipping by ensuring that profits from properties held for less than 12 months are fully taxed

Mortgage Professionals Canada have rounded up the details here: https://links.mail.mortgageproscan.ca/servlet/MailView?ms=ODg3ODg2OQS2&r=MTk5NDQ0ODA2NTM2S0&j=MTYyMDA4MDMyNgS2&mt=1&rt=0

If you have questions, I am always here to talk: 403.542.3618

10/31/2022

Happy Halloween! 🍬🍭🎃👻

10/28/2022

Perfect end to the week: supporting our local Veteran Food Bank with my awesome colleagues!

The at the Alberta Mortgage Brokers and Industry Partners Food Bank Challenge!

Together, Calgary brokerages donated 5,430 pounds of food and $5,400 dollars at just one Veterans Food Bank. Other AB cities benefited hugely as well. A great initiative to end the week 💙