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Edmonton Mortgage Brokers
Edmonton is the capital of Alberta, and the second largest city in the province. The city is located on the North Saskatchewan River in the central region of the province. With a population of 752,412 (2008), it is Canada's sixth-largest metropolitan area. At 683 km2 (264 sq miles), the City of Edmonton covers an area larger than Chicago, Philadelphia, Toronto, or Montreal. Which means our mortgage brokers have to cover a lot of area to service our many Edmonton home owners.
Edmonton is the major economic centre for northern and central Alberta and a major centre for the oil and gas industry. The tar sands in northern Alberta are said to be the second largest oil deposits in the world, after Saudi Arabia. Of course the tar sands have a much more complicated extraction process and cost to getting at the oil which until the past decade has made this area far less appealing an option. Aside from the oil and gas industry, Edmonton's economy is now the second most diverse in Canada, which means our Edmonton mortgage brokers work with all types of clients and situations. We have been Edmonton's mortgage broker of choice for years now, due to having the best mortgage rates in Edmonton, the most options in terms of mortgage products and of course Edmonton's best mortgage brokers bringing our expertise and mortgage knowledge to many Edmonton homeowners.
Demographics
The population of the city of Edmonton is just over 750,000, however taking into consideration the cities immediately surrounding the city such as Sherwood Park, St. Albert, Leduc, Stony Plain and so on, the population grows to over 1,000,000. The population is relatively young compared to the national average, with over 70% of those residents of European ethnicity. Just over 20% of the population considered themselves visible minorities, with the largest groups being Chinese and South Asian. Verico Mortgage Options Ltd also services these centers outside of Edmonton such as Sherwood Park, St. Albert, Leduc, Spruce Grove, Camrose and Fort Saskatchewan.
Climate
Edmonton has a northern continental climate, with extreme seasonal temperatures that can vary one day to the next. With warm summers and cool winters, and average daily temperatures varying from -11 °C in January to 17.5 °C in July, you have very distinct seasons through the region. The temperatures fall below -20 °C on average 28 days a year. Luckily, Edmonton is blessed with a sunny and relatively dry climate. On average, Edmonton receives less than 500 mm of precipitation, 25% of which comes in the form of snow. Summer thunderstorms can be frequent however and occasionally severe.
Edmonton Stats and Facts
- Edmonton is Canada's sixth largest city with a population of just over 1 Million people including the surrounding municipalities
- West Edmonton Mall was once the largest shopping mall in the world
- Edmonton is the capital of Alberta and the second largest city
- Edmonton is known as Canada's festival city
- Edmonton is known as the City of Champions due to the success of its professional sports teams in the 1980's
- Edmonton is one of the largest cities (geographically) in North America
Edmonton Attractions
- West Edmonton Mall
- Muttart Conservatory
- Fort Edmonton Park
- Royal Alberta Museum
- Ukrainian Cultural Heritage Village
- Old Strathcona
- River valley
- Valley Zoo
What our Edmonton mortgage brokers are saying:
Edmonton is another one of those cities that we need more of; it's a great market, there is tremendous growth and the large population means there are many clients in need of Edmonton's lowest mortgage rates, it's a mortgage brokers dream. Although the market has cooled down, it's not a terrible thing for those who maybe missed out on getting into the market the last time it flew by, a second chance if you will. Our mortgage rates are still very good, the fundamentals for growth are still good, it's a great time to buy to buy a new home in Edmonton! Verico Mortgage Options Ltd will make sure you get the lowest mortgage rates in Edmonton, so you can concentrate on finding the right home.
The typical mortgage we do in Edmonton is likely in the $250,000 to $300,000 on purchases. With mortgage rates being low, mortgage payments in Edmonton are very affordable when compared with some of the other larger centers in Canada. Our Edmonton mortgage brokers are seeing home values bouncing back and now is a great time to buy if you are a first time buyer. We still have a no money down option in Edmonton as well, so there is no excuse for not building equity in your own home, not your landlords home.
Verico Mortgage Options Ltd. has been providing our clients in Edmonton with Edmonton's lowest mortgage rates for years now, and when you compare mortgage rates, quality of service and the knowledge only a licensed mortgage broker can provide, there is no question we will be providing many more residents with our best mortgage rates and mortgage products for years to come here in the city of Edmonton.
Mortgage Brokers
Call one of our Edmonton Mortgage Brokers today, or apply online for a Free Pre-Approval today.
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