Elaine Chapman
5400 - 22 Ave T7A 1A1 Drayton Valley, AB, Canada

We are fortunate

This young couple was such a delight to work with and I'm sooooo happy for them!! I feel extremely priviledged to be a part of a very important step in all my clients' lives, buying that new home! It can feel very overwhelming when it's your first time especially and even if it's your second or third. That's why I break it down into a step-by-step process and coach my clients all the way through. Enjoy your beautiful new home, Brandi and Damion!! I know you'll make many happy memories in it with your growing family!

Looking for a job? Statistics Canada is now hiring enumerators and crew leaders for the #2021Census. There are positions available in every Canadian community. For more info, visit census.gc.ca/jobs

50% Annual Gross Income Rule for Installment Loans

"Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates." https://links.mail.mortgageproscan.ca//U3ZCRHBRcWZab2tsRn/

What a great couple to work with!! Kendra & David were top knotch clients. They took all my coaching tips and ran with them! I journeyed with them through their mortgage preparation for almost two years. Such a success story! Have fun enjoying your new home!

The Bank of Canada announced it is holding the current key rate of percent. It is expected that the Bank of Canada will keep rates low into 2023 to help with the economic recovery. Read the full report here: https://www.bankofcanada.ca//01/fad-press-release-2021-01/

After a turbulent 2020, what’s in store for 2021? According to Deloitte’s Economic Outlook for January, there’s reason to believe things are looking up. Read the full report here: https://bit.ly/2LFd7IG

Hello everyone Wondering if any of you want to sell or know of someone selling an acreage outside of Drayton Valley with a newer, modern bungalow style home. Asking for interested buyers. Please pm me if you have information. Thanks! UPDATE - The Buyers successfully bought a home Thanks for everyone that reached out to help!

A wave of spending in essential services deferred due to the COVID-19 pandemic may help drive the Canadian economy into a rubber band-type rebound later this year, CIBC Capital Markets Senior Economist Royce Mendes said. https://links.mail.mortgageproscan.ca//NGhjNVEzOWpNK0UwaH/

What a wonderful couple to work with!! Jessica & Scott were so thorough and organized with everything through their mortgage process. They were patient with their shopping and bought the home which will suit their family for many years to come. Congrats and have so much enjoyment making memories in your new home. Love that Winston was included in your picture!! He’s so adorable!!

https://links.mail.mortgageproscan.ca/ctt

In exchange for reduced rent ($400-600 per month,) the student is required to give seven hours of companionship and/or assistance with completing light household tasks, according to the Toronto Home Share website. https://links.mail.mortgageproscan.ca/ctt

Whether you are saving for a down payment or paying off your mortgage, creating a budget will help you track your money and achieve your home ownership goals sooner. Click here for a free digital budget planner: https://itools-ioutils.fcac-acfc.gc.ca/BP-PB/budget-planner

One of the 3 mortgage insurers, CMHC, is looking to change their name. A new name along the lines of Housing Canada will be the subject of consultations with the 2,000-strong workforce at the agency. He said the word mortgage in the current name conveys that CMHC is a financial institution, which is partly true. But it neglects its focus on helping people afford a place to live, whether that be through buying, renting or a social housing program. https://links.mail.mortgageproscan.ca/ctt

"Harder flooring, other than carpet, definitely sells better because of allergies, pets, and it overall looks a little cleaner and is easier to maintain." Air conditioning was associated with a faster sale in both the lower- and medium-priced condos. https://links.mail.mortgageproscan.ca/ctt

Missed the Bank of Canada announcement this morning?Here are a few top takeaways: The BoC maintains commitment to current level of policy rate, continues program of quantitative easing. Household spending rebounded sharply over the summer, with stronger-than-expected goods consumption and housing activity largely reflecting pent-up demand. While recent data during the reopening phase is encouraging, the Bank continues to expect the recuperation phase to be slow and choppy as the economy copes with ongoing uncertainty and structural challenges. As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support. You can check out the full release here: https://bit.ly/2F7g9T4

Dunning said that the stress test implicitly does not consider rising incomes. According to him, incomes have been increasing in Canada for decades.It is omitting one of the most important factors that will affect people’s ability to make their future payment, and so that’s a major flaw in the testing system that exists today, Dunning said. If you think interest rates might rise by two points over the next five years, and you also have an expectation that incomes will continue to rise the way they have in the past, then the way to simulate that combination is to say that the test should be the contracted interest rate plus three-quarters of a point. https://links.mail.mortgageproscan.ca/ctt

Great community outing

Another great article by Rex Murphy. Very suiting for Labour Day! Enjoy your Day Let’s have a day to celebrate the great unacknowledged, vital, admirable and wonderful working people of Canada. Could anybody be offended by an Ordinary Working People Day?

Nice to see safe housing for students

https://www.canadianmortgagetrends.com//latest-in-mortgag/

https://www.daveramsey.com/blog/the-secret-to-saving-money

Have a WONDERFUL weekend everyone!!!

Canadians see their housing as a place to live first and foremost. Read more about current consumer expectations in the first of a series of reports: https://bit.ly/34Ib4uv #housingmarket #canadarealestate #cdnpoli #mympc

What a BEAUTIFUL picture, Melissa!! I’m sooooooo happy for you!!! You were amazing to work with and I wish you and your children MANY blessings for your future!

How To Build Wealth At Any Age :) https://www.daveramsey.com/blog/how-to-build-wealth

if someone has the financial flexibility to pay off their mortgage instead of keeping those funds in a vehicle returning barely above zero percent, paying off the mortgage would be a wise financial move that also creates the additional flexibility to weather economic shocks in retirement https://links.mail.mortgageproscan.ca/ctt

Tweeking your budget strategy can be an on going process for sure. Here are 11 ways to add to your brainstorming process :) https://click.e.everydollar.com/

If you are having difficulty paying your mortgage, here are some options.

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