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Stories Tagged - AMBA

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April 09, 2020 | Jim Zang

Maxing out: why mortgage pre-approvals can be a double-edged sword

Everyone's heard the term "house poor," referring to anyone who spends a large portion of their income on homeownership, leaving little money left for other expenses or small luxuries. It's a classic case of one's eyes being bigger than their stomach.

That's why getting a mortgage pre-approval can be a double-edged sword – it's nice to know what you can afford, but it's awful tempting to go ahead and spend to the maximum you're approved for. However, this decision can leave buyers vulnerable to fluctuations in the housing market or the overall economy.

Courtesy Gord Ross

Aug. 21, 2019 | Mario Toneguzzi

Q&A: Gord Ross, Alberta Mortgage Brokers Association president

Gord Ross, president of the Alberta Mortgage Brokers Association (AMBA), breaks down the Alberta mortgage market, industry trends and the ongoing impacts of the stress test.

Cody Stuart / CREB®Now

April 10, 2019 | Jim Zang

Federal budget addresses housing affordability with first-time buyer incentive

Housing affordability was centre stage when the federal government announced the new First-Time Home Buyer Incentive program as part of their 2019 budget, and it promises to be a big campaign issue this fall.


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