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My Rates

6 Months 7.60%
1 Year 5.39%
2 Years 4.79%
3 Years 4.54%
4 Years 4.59%
5 Years 4.29%
7 Years 5.19%
10 Years 5.29%
6 Months Open 8.95%
1 Year Open 8.00%
*Rates subject to change and OAC
Karen Beckingham  Mortgage Professional

Karen Beckingham

Mortgage Professional


Phone:
Address:
99 Scurfiled Blvd, suite 100, Winnipeg, Manitoba, R3Y1Y1

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What does applying for a mortgage look like?

The process can be a little overwhelming, so I am here to help. First, we will do an introductory meeting on ZOOM. This can take about 30 minutes. We will review what my responsibilities are to you. Unlike the bank, my responsibility is to you. I am your guide in this whole process. Then we can discuss what your goals are. Do you want to buy or refinance? Are we looking at doing some restructuring?

We will discuss your income and how it is structured. Are you salaried, or hourly? Commission? Self Employed?

Next, we will discuss the down payment if you are buying, as well as discussing your credit history.

The next step is, what is your comfort level with this current rate environment? What should we be looking at? Fixed rates, variable rate, short or long term?

We will discuss what documentation may be needed. Paystubs, Employment letters, Income Tax Documents?

Lastly, Gathering of personal information on my secure portal. My portal will allow us to communicate by SMS and email as we go through the full process.

I hope to hear from you soon!

KarenB

 

I'm Equifax certified

I'm certified through the Equifax Credit Professional Program.

BLOG / NEWS Updates

BMO Survey: Rising Recession Concerns Among Canadians Sidelining Prospective Homebuyers

Half believe owning a home is less attainable than in 2024. 43% of homeowners say they could not have purchased their home without family assistance. The latest BMO Real Financial Progress Index reveals that while over two thirds (67%) of homebuyers are waiting for interest rates to drop before purchasing a home a 5% decrease from 2024 experts say many more Canadians may take a wait and see approach as concerns about the prospect of an economic recession increased from 60% to 74% from March to April 2025. Canadas housing market remained under pressure heading into the spring, with sales and prices both weakening further, said Robert Kavcic, Senior Economist, BMO Capital Markets. There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario. The BMO survey examines how concerns about the economy have influenced Canadians homebuying decisions: Revisiting Rates: Over two-thirds (67%) of prospective homeowners believe rates affect their buying decisions. Two in five (38%) Canadians are waiting for rates to drop to 3% or lower before purchasing or refinancing home. In addition, 44% admit they are unsure about the rate they would be comfortable with to move forward with buying or refinancing their home. Missed Momentum: When looking at the current housing market, 56% of prospective homeowners feel they missed their moment to buy a home. Two-thirds (66%) of Millennials feel they had missed their homebuying moment more than any other generation. Challenged Confidence: While 59% of Canadians believe homeownership is one of their greatest life aspirations, half (50%) believe owning a home is less attainable than it was 12 months ago, and two-thirds (66%) are less confident that they will own a home in their lifetime compared to five years ago. Deferred Demand: Among the 38% of homebuyers planning on purchasing a home in the near future, only 14% plan to in 2025 and a quarter (24%) plan on doing so in 2026 or later. Location, Location, Location: More than half (52%) of aspiring homebuyers would consider moving to a different province or country in order to afford buying a home. https://newsroom.bmo.com/2025-05-05-BMO-Survey-Rising-Recession-Concerns-Among-Canadians-Sidelining-Prospective-Homebuyers

CREA: Canadian Housing Demand and Prices Slide Further in March

Canadian home sales fell on a month-over-month basis once again in March 2025, as rising tariff turmoil and uncertainty is keeping home buyers on the sidelines. Sales activity recorded over Canadian MLS Systems sank 4.8% month-over-month in March 2025. Along with declines in each of the three previous months, national home sales are now down 20% from their recent high recorded last November. Up until this point, declining home sales have mostly been about tariff uncertainty. Going forward, the Canadian housing space will also have to contend with the actual economic fallout. In short order weve gone from a slam dunk rebound year to treading water at best, said Shaun Cathcart, CREAs Senior Economist. While the largest of these declines have been seen in Ontario and British Columbia, sales are down over the last few months in all but a handful of small markets across the country. On a non-seasonally adjusted basis, the overall Canadian sales total for March 2025 fell 9.3% year-over-year and was the lowest for that month since 2009. https://stats.crea.ca/en-CA/

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