Luke Allen Mortgages

08/05/2022

Closing day 🥂

Happy closing day to my seller on Spinnaker Drive! I wish you all the best on your next chapter as you move across the country. It was a pleasure working with you on the sale of your condo 🏡🔑

Looking to buy or sell? I would love to help! Contact me anytime 📲902-817-0874

01/10/2022

The number of properties for sale continued to reach new lows in December across Canada's largest housing markets, causing home prices to remain at or near their all-time highs.

12/20/2021

FIRST TIME HOME BUYER
PROGRAMS/INCENTIVES.

Whether you do not have enough saved up for the down-payment or need help qualifying. I will gladly go over your options and use my access to multiple lenders to ensure you get the best product on the market today.

12/17/2021

https://www.canadianmortgagetrends.com/2021/12/osfi-leaves-mortgage-stress-for-uninsured-mortgages-at-5-25/

As part of its annual review of the stress test for uninsured mortgages, the Office of the Superintendent of Financial Institutions today confirmed the minimum qualifying rate will remain at 5.25%. That means borrowers making a payment of 20% or more will need to prove they can afford payments based...

12/08/2021

The buyers are still buying.

Canada’s largest markets saw a surge in homebuying demand in November, driven in part by buyers trying to secure mortgages before next year’s expected interest rate hikes. That’s keeping upward pressure on home prices, according to the latest monthly reports from some of the key regional real ...

12/06/2021

Morning everyone!

"Housing has become not just a place to live in Canada, it's become like an asset class, and probably too much of an asset class"

12/03/2021

What are your thoughts?

"The question is whether the housing market can withstand a return to pre-pandemic mortgage rates, even though prices have surged by 33% in the interim?”

11/15/2021

Would be nice to see this in Nova Scotia perhaps.

"Some units just don't exist in the market or they're just very rare ... If we can fill some of these niches, that would be really nice."