Category Archives: Blog

Great news for Alberta Home Buyers!!!

Notley makes buying a home more affordable by cancelling PC Mortgage Tax hike

EDMONTON – Today, Rachel Notley announced that the NDP will help homebuyers and cancel Jim Prentice’s staggering 600 percent increase to the Mortgage Tax.


“Families are worried about their jobs and paying for their mortgage,” said Notley. “But Jim Prentice is barging ahead with his plan to hike the Mortgage Tax by 600 percent, putting a new hurdle in the path to homeownership. Jim Prentice’s Mortgage Tax hike is the worst kind of housewarming gift for homebuyers.”

The PC budget increases the variable Mortgage Tax and Land Transfer fees from $1 to $6 for every $5,000 of property value, as of July 1, 2015. It also increases the fixed fees for mortgages, land transfers, and land title registry searches.

Today, Notley announced that the NDP will cancel the PCs’ tax hikes on mortgages and land titles, allowing new homebuyers to keep hundreds of dollars in their own pockets.

“Jim Prentice is protecting corporate tax giveaways for the PCs’ wealthy friends while making it more expensive for families to buy a home. Clearly, the PCs have the wrong priorities,” said Notley. “The NDP will stop Jim Prentice’s tax hike on mortgages and land titles. Unlike the PCs, the NDP plan will make life more affordable for families and focus on protecting what matters most to Albertans.”

Rachel Notley’s NDP will make homes more affordable for families by cancelling the PC plan to increase Mortgage and Land Title taxes.

Our Plan:

  • The NDP will cancel Jim Prentice’s plan to increase Alberta’s variable taxes for mortgages and land titles by 600 percent, and reverse increases to fixed fees.
  • At a time when families are worried about their jobs and paying their mortgage, the government should not be forcing families to pay more to buy a new home.



  • Fees for mortgages and land titles are based on a combined flat and variable fee. These fees are paid when acquiring a new property and new mortgage.
  • Under the PC budget, the flat fee for mortgages and land titles will increase by $25. The variable fee for mortgages and land titles will increase from $1 to $6 for every $5,000 of property value.
  • The following fees will be effective July 1, 2015:
    • Mortgages – Flat fee: Increasing from $50 to $75
    • Mortgages – Variable fee: Increasing from $1 per $5,000 property value increments to $6 per increment. This is a 600 percent increase.
    • Land Title Transfer / Title creation – Flat Fee: Increasing from $50 to $75
    • Land Title Transfer / Title creation – Variable fee: Increasing from $1 per $5,000 property value increments to $6 per increment. This is a 600 percent increase.
  • Increases to these fees will only hurt Albertans who are purchasing property and make life less affordable for homebuyers. The impact will be as follows:
    • On a house value of $450,000, total land transfer and mortgage fees will increase from $262 to $1,122.
    • On a house value of $650,000, total land transfer and mortgage fees will increase from $334 to $1,554.
  • The PCs are also increasing the cost of searching the land titles registry from $10 to $15.



  • The NDP will cancel the PCs’ increases to variable and fixed mortgage and land transfer taxes. The NDP will retain the 2014/15 rates.
  • We will also cancel the increase to the fee for searching the land titles registry.
  • The total cost of reversing these tax increases will be $160 million this year.


Courtesy of Rachel Notley – NDP

RBC Welcome Home Event… Employee Rates Apply… Only 3 Coupons Left


photo RBC


Team Love only has 3 coupons left … 1st come 1st serve! Open or switch your mortgage before May 13, 2015 and get $500. Employee rates apply. RBC will even cover your switching costs. text Shari Love @ 780-619-9649 if you are interested.

My husband and I are in the process of switching to RBC. I can speak from experience and say that I am very impressed with the rates RBC can offer and equally important, the excellent customer service. We originally transferred to RBC with our mortgage in mind however we are currently expanding the services we are looking for to our personal and business financial planning. I encourage you to book an apointment, invest at least an hour of your time with our RBC mortgage broker and learn what RBC can do for you… I know you will be impressed and you won’t regret it!


How is our weakening Canadian dollar affecting you? The silver lining…

The Canadian dollar reached a low today of $78.42 US cents. We are curious to know how this is affecting Edmontonians. Please share your thoughts with us.

A silver lining for Canadians and more importantly real estate Buyers in Edmonton…

Lending rates are at an all time low with the prime rate being 2.85.  Our RBC mortgage broker Darrin Eriksen can currently provide a variable rate of prime minus .6, a 5 year fixed term rate of 2.79% and home equity line of prime plus .5.  Of course every lending portfolio is individual and we would encourage you to message us for Darrin’s contact info to discuss yours in more detail.

A silver lining for the Canadian economy … specifically tourism…

I have had a family vacation south of the border for the past several years. However in light of current events, we will likely pass this year and spend our money enjoying our family holiday here in Canada. I imagine at $78.40 US cents, Canada will be the holiday destination for many foreigners.


Ending the Stigma



Today is the day! We encourage you to participate in Bell’s massive campaign to help end the stigma of mental illness and provide hope for those suffering with mental illness.  Keep the conversation going! Very simply for every

#1) text message sent

#2) long distance call made

#3) Tweet using #BellLetsTalk

#4) Facebook share of Bell’s Let’s Talk image

Bell will donate 5 cents to help fund mental illness initiatives across Canada.

Keep the conversation going! And…

#1) text either texting Jay Love @ 780-686-1350 or Shari Love @ 780-619-9649

#2) call either Jay Love @ 1-780-686-1350 or Shari Love @ 1-780-619-9649 long distance

#3) tweet @JayAndShariLove or @ShariLoves2Sell using #BellLetsTalk

#4) Facebook share Bell’s Let’s Talk image available on Edmonton Properties facebook

We all either know someone suffering with mental illness or are suffering with mental illness. Don’t be afraid to reach out.


Canada shocked by Bank of Canada Rate Cut

Bank of Canada Governor Poloz speaks during a news conference in Ottawa
Quarter point cut today means rate moves from 1% to .75% … “insurance” against the potentially negative effects of falling oil prices.

POSITIVE:If your mortgage is up for renewal you may want to consider going open vs closed as it looks as if lower interest rates are here to stay for quite some time…

NEGATIVE: Canadian dollar slides below 81 cents US.

See link below for details…



2015 Housing Forecast – RBC Optics

Darrin R. Eriksen, an excellent Mobile Mortgage Specialist with RBC Royal Bank, has been kind enough to provide RBC insider optics for 2015 housing forecast. Please read below and perhaps seriously consider fixed term mortgage options moving forward.  Darrin Eriksen is a member of Team Love and he can be contacted for further details…

780 499 7526


RBC has just released their Canadian housing forecast report entitled “Opposing forces to keep Canada’s housing market afloat in 2015 but downside risks mount”.

Highlights of the report:


  • We have updated our housing forecasts for Canada and the provinces to reflect recent changes to our outlook for the national and provincial economies, interest rates and oil prices. These changes include substantial downward revisions to oil price assumptions—to US$65 per barrel in 2015 and US$74 in 2016 (WTI, annual average basis)—a realignment of provincial economic growth (favouring Central Canada and BC at the expense of Alberta), and a lower path for longer-term interest rates (although they are still expected to rise).
  • The factor having the biggest effect on our housing forecasts at the national level is the later-expected start to, and more subdued pace of, the increase in longer-term interest rates. This results in higher levels of home resales in Canada and slightly stronger price increases than we previously anticipated for 2015.
  • Significantly lower assumed oil prices alter the provincial composition of forecasted housing market activity across Canada but have limited impact overall. We have downgraded our projections for home resales and prices in Alberta and Saskatchewan—similar adjustments in Newfoundland are not readily apparent in Atlantic Canada’s aggregate numbers—however, we have also boosted projections in net oil-consuming provinces, including Ontario, Quebec and BC.
  • Despite changes to underlying assumptions, our base-case scenario for Canada’s housing market remains largely unchanged: we believe that rising interest rates and increasingly strained affordability will bring about a moderation of overall activity. On an annual basis, we expect this moderation to translate first into a levelling off of resales nation-wide in 2015 before becoming an outright decline in 2016.
  • Our base-case scenario projects fairly sizable resale declines in Alberta and Saskatchewan starting in 2015, although such would unlikely qualify as market ‘crashes’. In fact, we expect home prices to continue to rise in Alberta in 2015, albeit at a much slower pace than in 2014.
  • We anticipate that any softening in oil industry-sensitive markets will be offset by gains elsewhere in the country in 2015. More specifically, we believe that resales in BC, Ontario and Quebec have more room to increase before higher interest rates exert a significant cooling effect (more likely to take place in 2016). Accordingly, we expect home prices to rise at a decent clip in Ontario and BC in 2015 (price increases in Quebec will be restrained by plentiful supply).
  • We continue to point to 2016 as a period most likely to prove challenging for Canada’s housing market. Our scenario for interest rates shows a substantial cumulative rise by then, which we believe will cause resales to decline in all provinces that year. We also expect small drops in prices in the majority of provinces.
  • Risks facing Canada’s housing sector are significant, both on the downside and upside. Downside risks include a severe slump in the energy sector that would far exceed gains in other parts of the economy or any other event causing widespread job losses. Upside risks include lower-than-expected interest rates and a stronger-than-expected economy.

Link to the full report

To view, print and download the new report, click on the following link:

Upgrading or Building a Secondary Suite

It is true…”Secondary suites are a viable source of rental housing and can also provide extra revenue or mortgage support for families looking to buy a home”  – The City of Edmonton.

If you are a home owner who is upgrading an existing suite or building a new secondary suite? You may qualify for the City of Edmonton Cornerstones II secondary suite grant for 2013 to 2016!

Secondary Suite Grants

In 2012, the City of Edmonton introduced Cornerstones II: Edmonton’s Plan for Affordable Housing (2012 – 2016), a five-year plan dedicated to increasing the supply and improving the condition of affordable housing – The City of Edmonton.

Like the original Cornerstones plan (2006 – 2011), Cornerstones II includes grant funding to the popular Secondary Suites program. Designed to increase safe, affordable housing options for lower income households in Edmonton, the Secondary Suites grant program encourages upgrading and creating new Secondary Suites in compliance with health and safety standards – The City of Edmonton.

In total, Cornerstones (2006 – 2011) helped Council upgrade and create 553 Secondary Suites and over 3,300 safe and affordable homes for citizens. A renewed funding commitment of $3 million under Cornerstones II for (2013 – 2016) to the Secondary Suites program will help upgrade and create an additional 450 Secondary Suites within (2013 – 2016) – The City of Edmonton.



Spruce Grove Realtors Shed Light on the Town’s Arts & Culture Scene

Spruce Grove Albertaimage courtesy of

Last week in the Edmonton Properties blog Team Love communicated our new focus towards smaller family communities within the Edmonton region. Doing so allows us to provide an unprecedented level of personalized service to prospective home buyers and sellers. Two communities in particular, Stony Plain and Spruce Grove, are among the most attractive for families in the Edmonton area and Team Love has taken up residence within these communities, so to speak. With our previous post singing the praises of Stony Plain and its claim to one of the most unique small town attractions in Canada, we thought it only fair to shed some light on the Arts & Culture scene of its sibling – Spruce Grove.

Arts & Culture in Spruce Grove

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