# Calvert Home Mortgage > Celebrating Your Financial Success Since 1975 ### Posts #### 3 Facts to Know About Rental Market Trends in Canada Home ownership is a dream for many, but rental properties are in hot demand as well. Rental market trends in Canada continue to show increased need for rentals along with rising prices. “The last couple of years have seen bidding wars over the short supply of houses to buy,” says Alisha Fuss of Calvert Home Mortgage Investment Corporation, which supports borrowers in Alberta and Ontario. “Now we are seeing that competition move to rentals, with a shortage of properties available to rent. There are various reasons for the increased demand, including a rebound in the job market, a return to higher levels of immigration and increasing borrowing rates keeping potential homeowners out of the market. These demand factors are really exasperating the lack of supply issue.” What does that mean for the real estate market? Let’s look at 3 facts to know about rental market trends in Canada 1. Interest Rates May be Having an Impact Increases to the Bank of Canada’s benchmark or policy interest rate in 2022 has meant an increase in higher interest rates for borrowers. Major lending institutions tend to follow suit by raising the prime lending rate. One impact could be a cooler real estate market for buyers, but it could also mean more people looking to rent instead of buy. According to Canadian Mortgage Professional (CMP), a magazine for mortgage professionals, the increasing interest rates (which is happening around the world as a means to fight inflation) means “some demand will shift from the ownership market to the rental market.” Another factor cited by CMP is increasing gas prices that makes transit-friendly and walkable urban locations more popular. “That’s interesting since those types of properties were often less desirable during the pandemic, as people wanted to move out of dense neighbourhoods and look for properties where they could work from home,” Fuss says. “That trend is now changing somewhat.” Demand is due to more than interest rates, however. Immigration has risen steeply, as Canada reported more than 401,000 new permanent residents in 2021. Compare that to 2020, the height of the pandemic, when we welcomed only 184,500 new permanent residents. The Toronto Star reported in May that the “pre-pandemic rental crunch is back as jobs, immigration and priced-out homebuyers add fire to an already heated market.” The situation is similar in ​​Alberta. A senior market analyst with Canada Mortgage and Housing predicts the major urban centres will continue to see increases in rental rates and decreases in vacancy rates over the next couple years. Factors are similar, like stronger population growth and inter-provincial migration. 2. Rental Prices Are Increasing Too As demand increases, so are prices. CMP states that the “average monthly rent for Canadian properties increased 9% to $1,832 in April of 2022, compared to the record low it experienced in the same time last year.” The Toronto Regional Real Estate Board (TRREB) reported in July of 2022 that average rents for one-bedroom and two-bedroom apartments were both at record levels, surpassing the previous peak in Q3 2019. And supply is dropping in the Toronto Region too, as the number of rental listings dropped by almost 30 per cent year-over-year. That trend is expected to continue. "Higher borrowing costs may have temporarily precluded home buying for some households, but the Greater Toronto Area population continues to grow alongside a booming regional economy,” says TRREB President Kevin Crigger. “This means that an increasing number of people requiring a place to live will turn to the rental market." As for a comparison of provinces, British Columbia had the highest rental rate with a 2.7% increase to $2,347, and Vancouver is the most expensive city. Here are the other provinces ranked by price: Ontario at $2,093 Nova Scotia at $1,939 Quebec at $1,672 Manitoba at $1,341 Alberta at $1,289 Saskatchewan at $1,051 Newfoundland and Labrador at $950 In Toronto, average condo rents were up by double digits annually for all bedroom types, with an increase of 20.2 per cent to the average one-bedroom rent year-over-year, and an increase of 15.3 per cent for an average two-bedroom rent in the same time frame. Clients of Calvert Home Mortgage in Alberta and Ontario are in the two provinces with the biggest impact. Statistics Canada’s Consumer Price Index for July 2022 showed that the cost of buying a home or renting one has gone up. The report notes rent prices accelerating, rising faster in July than the previous month, with Ontario and Alberta having the fastest rental increase. 3. Rentals Are a Good Investment Real estate investors looking for a solid investment would do well to consider a buy, renovate, rent and refinance (BRRR) project. “BRRR transactions are good for neighbourhoods and for the economy,” Fuss adds. “Real estate investors provide quality, affordable renting options by fixing up old properties and making them desirable for tenants. They also re-use existing properties and reduce urban sprawl, which is good for the environment.” Rental housing was identified by PWC (PricewaterhouseCoopers) as one of the types of property with the best prospects for real estate development and investment in 2022. Its report Emerging Trends in Real Estate 2022 ranked rental housing high, and noted two categories of rental housing: moderate income/workforce apartments and single-family rental housing. The report stated: “The demand for more space is one factor raising the prospects for single-family rental housing, which can offer a more affordable alternative to buying a low-rise home.” Addressing the housing crisis has shifted slightly, from a focus on a hot market for those looking to buy, to one in which it’s difficult to find a place to rent. Canada Mortgage and Housing also cites rental affordability as a “significant challenge across the country.” “BRRR projects would support municipal, provincial and federal governments’ goals of increasing supply and adding properties in existing, and potentially more affordable, neighbourhoods,” Fuss concludes. The Bottom Line As the housing market cools, the rental market is picking up in demand, with fewer properties available and prices on the rise. Policies that support investments to renovate older properties to rent could help form part of the solution. Repurposing existing commercial or retail properties into housing could also help. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information on how rental investments are good for the real estate market. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 3 Reasons an Anti-Flipping Tax is Counterproductive The real estate market is hot in Canada, due to reduced supply and increasing demand. It also means rising prices and calls to halt the pace of those increases. One suggestion being proposed by politicians is an “anti-flipping tax” or a “speculation tax.” The belief is that by discouraging those who purchase properties and then re-sell them, prices won’t continue to jump up. In fact, those who purchase properties with the intention of renovating and reselling them (known as “flipping”), or to rent them (known as “BRRR” for buy, renovate, rent and refinance) can actually help the real estate market. That’s because flipping adds properties to the real estate market, for purchase and for rent. Making those who do this work pay additional taxes likely won’t cool the hot real estate market and may actually create other problems. Calvert Home Mortgage Investment Corporation has prepared a series of blog posts that looks at the important role of flipping and the BRRR business. This is the second post of the series. The first post was 3 Ways Real Estate Investors Support the Green Movement. 1. Flipping Is Not the Problem Adding taxes and creating other policies that discourage flipping is looking in the wrong place for a solution to rising costs. Flipping properties by buying to renovate and sell or rent is not the cause for the continued rapid increase in housing prices. Governments are also admitting this fact. For instance, Ontario has been looking at the housing market, holding a virtual housing summit in January that brought together various levels of government. The summit highlighted the need to speed up development to increase housing supply. Flipping was not cited as a reason for rising prices. Instead, the provincial government pointed to “low interest rates, higher overall disposable incomes, limited resale listings and shifting home preferences to explain the strong demand.” The summit included the promise by the province to provide more than $45 million in the form of a new fund to streamline development approvals and cut red tape to speed up development. The Municipal Affairs and Housing Minister said that affordability is a priority, as well as “enabling the right mix of homes in the right places.” Rental supply is also an issue. Community groups such as the United Way prepared material for the summit. In it, the organization stated: “Addressing Ontario’s housing crisis requires also creating rental housing that is affordable.” Once again, adding more properties through renovation of existing ones with flipping or BRRR projects would support the government’s goals: increased supply; adding properties for purchase and rent; adding properties in existing (and potentially more affordable) neighbourhoods. Here’s more support for the fact house flipping is not to blame for price increases. Wesley Hodge English of the University of Texas at Arlington conducted a study on the impact of property flipping on single family detached home prices. He concluded that in his analysis that flipping homes has no significant effect on prices in a neighbourhood, at least as far as the market for single-family homes is concerned. When examining the “perception that property flipping had a negative effect on home prices among other things,” English used modeling to “empirically determine if houses that have previously flipped have any influence on value when compared to the non-flipped properties in the same market. Through a regression analysis, it is determined that the incidence of a flip does not significantly change the value of a home.” Those who renovate to sell or rent don’t get more for their properties than market prices. They don’t make more than other comparable homes on the market. Instead, flippers take on the risk associated with buying a home that’s often in disrepair, that nobody else wants to purchase. Then they have the costs of holding the property, and the costs of materials, renovations and labor, followed by the costs to sell the property. 2. Supply is the Cause and the Solution  Adding taxes to discourage flipping ignores the real problem: the lack of supply when it comes to the housing and rental markets. Some politicians have called for an anti-flipping tax, but in the federal election campaign in late 2021, the platforms of the three leading political parties addressed housing supply. A Financial Post article titled “Supply is the only cause and solution to Canada's housing woes” highlighted this, stating that all three parties “acknowledged the need to increase new housing construction in Canada, recognizing that runaway housing prices are at least partially fuelled by not having enough housing for the growing population.” The article included analysis by Nuno Paixão, a senior economist at the Bank of Canada, who examined Canadian housing supply in the fall of 2021. The report compares “elasticity” of Canadian cities, isolating the differences between cities in how they respond to lower supply. For instance, Winnipeg is responding to increased demand with more supply than Vancouver, making it more elastic. The report concluded that “cities in Canada with more inelastic housing supply…faced a higher house price growth… than the cities with more elastic supply.” In other words, prices rose faster in cities where the housing supply was inadequate and the response to reduced supply was also not sufficient. The authors of the article for the Financial Post are Murtaza Haider, a professor of Real Estate Management at Ryerson University, and real estate industry veteran Stephen Moranis. The article spoke to those who think Canada’s housing problem is excessive demand and not supply. The authors acknowledge that the pace of new housing has increased, but the “number of starts has only reached the same level observed decades ago when Canada’s population was nearly half of what it is today.” They conclude that: “supply has been the problem for housing affordability, and supply is also the solution. Tinkering at the margins has not been effective, nor will it be in the future.” New housing development is not the only way to increase supply. Real estate investors help the market by adding turn-key properties for purchase or by increasing the availability of rental properties (which also faces supply issues in major centres). Rather than create policies that discourage flipping, governments could look to encourage the addition of these renovated turn-key properties as a way to deal with the biggest issue: housing supply. 3. Focus on Policies That Will Help  Policies that could help ease real estate supply issues would be more effective than extra taxes levied on those who flip properties. The report Emerging Trends in Real Estate 2021, published by Urban Land Institute and PWC, interviewed over 1300 people and collected surveys from 1600 people in the United States and Canada, drawing from a variety of sectors involved in real estate, such as developers, investors, banks, builders, and realtors. One suggestion in the report was to repurpose existing commercial, retail, institutional and industrial real estate into residential development, particularly as work-from-home and online shopping trends have increased. It also suggests that policies to support faster approvals for development would help. “We know that supply is the key to alleviating housing affordability pressures…While some governments have made strides on policies to increase supply, there is more to do. Interviewees for the PWC report were almost universal in their concern about municipal timelines for development approvals.” That’s certainly echoed in the policies being forwarded by the Ontario government with its “Streamline Development Approval Fund.” The goal is to help Ontario’s 39 largest municipalities “modernize, streamline and accelerate processes for managing and approving housing applications.” The Ontario provincial government has also announced a “housing affordability task force” that will look into ways to boost the supply of rental and ownership housing. One of the concerns continually raised by governments is reducing red tape to allow for faster housing creation. Enabling home renovations rather than adding taxes would also allow for more housing creation. Other initiatives that would boost housing development and stimulate the economy would be more effective than adding taxes that discourage flippers. In Emerging Trends in Real Estate 2021, interviewees expressed concern that governments will turn to real estate to address their massive deficits. Instead, suggestions were made to look at measures to stimulate the economy and support home construction. As well, a set of recommendations compiled by BILD (Building Industry and Land Development Association) and the Canadian and Ontario Builders’ Associations and presented to Ontario’s Finance Minister provided suggestions for initiatives that could be taken by the federal, provincial and municipal governments, such as: the removal of the PST and GST on the purchase of new homes the removal of the GST from the construction costs of new rental housing construction and rental renovations introducing a refundable tax credit for expenses relating to upgrading or repurposing buildings or facilities because of COVID-19 It’s clear that there are policies and initiatives that could be introduced to address the real issue of Canada’s rapidly increasing housing prices: supply. Discouraging renovations of existing properties with an anti-flipping tax would be counterproductive. The Bottom Line With real estate prices continuing to increase, the search for a solution is more complex than adding taxes that will discourage the renovation of older properties. By renovating to sell or rent, “flipping” can form part of the solution. With the industry focusing on supply as the biggest issue, speeding up the pace of new construction will help. But the renovation of properties for resale, or to add rental units, will also help to ease the supply problem. Repurposing existing commercial or retail properties into housing could also help. Rather than look to discourage real estate investors, governments could support the work done by investors and alternative mortgage lenders. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information on how flippers are good for the real estate market. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 3 Ways Real Estate Investors Support the Green Movement Check the news these days and environmental concerns are bound to be discussed. Rising real estate prices are also commonly on the agenda, with politicians tackling both issues in different ways. Proposed solutions to the housing issue include an “anti-flipping tax,” or a “speculation tax.” Separate discussions surround green initiatives, which are movements related to or concerned with the protection of the environment. There are ways to look at the two issues together, and not by adding new taxes. Additional taxes likely won’t cool the hot real estate market and may actually create other problems. Placing the blame on “flippers” is also placing the blame on the wrong doorstep. In fact, those who purchase properties with the intention of renovating and reselling them (known as flipping), or to rent them (known as BRRR for buy, renovate, rent and refinance) can actually help the real estate market. Flipping can also support green initiatives in several ways. Calvert Home Mortgage Investment Corporation has prepared a series of blog posts that looks at the important role of flipping and the BRRR business. The other parts of the series are: 3 reasons flipping homes is good for the real estate market 4 ways that flipping and renovating to rent benefits communities 5 benefits that flip and BRRRs provide the economy 3 reasons an "anti-flipping tax" is counterproductive This is another in the series, a look at 3 ways “flipping” helps support green initiatives. 1. Reduce Urban Sprawl The reality of rising real estate prices is that low supply has created increased demand, which has resulted in rapidly rising prices. Real estate investors or flippers help with supply issues, adding turn-key properties to the market, or increasing the availability of rental properties. This type of investment also provides properties in existing neighbourhoods, which are revitalized through that renovation and redevelopment. It also reduces urban sprawl, which happens when new development creates entirely new neighbourhoods. Renovation and revitalization still allow cities to grow within existing neighbourhoods. Urban sprawl requires increased investment in infrastructure and a bigger carbon footprint, which is not good for the environment. Urban sprawl works against the goal of lowered emissions and a reduced carbon footprint. Here are some examples. The Province of Ontario used to have an Environmental Commissioner, although the office was eliminated in 2019. The former commissioner, as cited by the Ontario Professional Planners Institute, stated that the biggest source of Ontario’s energy use and greenhouse gas emissions - in other words pollution - is urban sprawl. The impact of urban sprawl on the environment is not new. As far back as 2008, in an article in Environmental Science and Technology, Julian D. Marshall of the University Of Minnesota conducted a study on urban sprawl and concluded that “reducing urban sprawl could play an important role in addressing climate change.” His report explained that urban sprawl includes many aspects of land use, such as: Leapfrog development: when developers skip over land to obtain cheaper land further away from cities. This can result in large empty areas between the city and the new development. Segregated land use: when local land use regulations like minimum lot sizes and growth controls exclude lower-income households from wealthier neighborhoods. Automobile dependence: on-road gasoline emissions were the largest segment (62%) of transportation CO2 in the United States when the report was written. Findings were not limited to the U.S., as megacities have grown all over the world. And the environmental impacts go beyond increased automobile emissions. The report says: “Cities’ ecological footprint — accounting for inputs and outputs such as food, consumer goods, energy consumption, and waste products — is many times larger than that of (other) land areas.” The solution is to limit or reduce urban sprawl, looking at solutions such as creating pedestrian- and bicycle-friendly neighbourhoods, providing convenient public transit, and mixing land use, such as allowing retail near residences. Another is city planning to use existing properties: “...cities may need to increase the supply of affordable, attractive medium- and high-density housing.” Renovating to add dwellings to existing homes further prevents urban sprawl and helps with housing supply. For instance, adding a basement suite during a renovation can provide housing for two families where there was once only one dwelling. It can also provide rental units of different sizes and price ranges. Ontario’s Housing Supply Action Plan, called “More Homes, More Choice,” speaks to the need for more affordable housing options. That includes homes to purchase and properties to rent. In seeking input from the public, the report heard that affordability was their top criteria when looking for a home. Next important was having transit, schools and services nearby, speaking to the desirability of creating housing in existing neighbourhoods. While the report does highlight the need to “bring housing to market faster by speeding up local planning decisions,” it also states that the government wants to: “Make it easier for homeowners to create residential units above garages, in basements and in laneways." 2. Re-Use Existing Properties Being environmentally friendly includes the principles to “reduce, re-use and recycle.” Principle one is addressed by limiting urban sprawl, which helps reduce carbon footprint and emissions while helping to lower infrastructure costs. Renovating existing properties to either sell or rent follows the principle of re-use and recycle. Rather than start from scratch with a new home on previously undeveloped land, flippers renovate what may be undesirable properties, adding to supply and supporting climate initiatives. It’s called “green remodeling.” "Remodeling is inherently greener than building new homes," a Vice-President of a Wisconsin-based building and remodeling firm says in Architect Magazine. “You're working with existing infrastructures and with the houses that most need to be improved and greened." The World Green Building Council concurs, encouraging communities to consider all stages of a building's lifecycle, including renovation. They stress that we should seek to “lower environmental impacts and maximise social and economic value over a building's whole life-cycle (from design, construction, operation and maintenance, through to renovation and eventual demolition).” It’s clear that new properties alone will not ease the housing shortage. A 2021 report by Scotiabank states that “the principal challenge facing the housing market—and the underlying cause for rising prices and diminished affordability—is the substantial insufficiency of supply relative to demand.” Taxing those who renovate existing properties will work against the goal of increasing supply. Instead, governments should look at a combination of initiatives to help with housing supply, including new development and reusing existing buildings. Hannah Teicher, a researcher at the University of Victoria's Pacific Institute for Climate Solutions, says that renovating existing buildings can add new housing while minimizing future emissions. Teicher told CBC News that she has done research on embodied carbon, which she describes as the carbon footprint from the materials already used in a home or building from their extraction, processing, manufacturing and transportation. "The first priority needs to be maximizing and reusing the existing building stock… If we retrofit (old) buildings, then we preserve all the embodied carbon that was already sunk into them."  A report completed in 2020 for the City of Toronto’s planning division came to a similar conclusion: the city needs to enable more variety in housing, many of which can be accomplished by renovating and adding to existing properties. The report found that there is a “missing middle” of housing options that could be among the solutions to increase choice and access to affordable housing. The “missing middle” housing types include: a broader range of low-rise residential building types single- and multi-unit housing types such as semi-detached houses, duplexes, fourplexes, and stacked townhouses accessory dwelling units, such as laneway suites and garden suites low-rise apartments Real estate investors or “flippers” often add and renovate these types of properties when they purchase a home or other space to re-sell or to rent. By taking on this work, additional suites are created that are built following code and are safe for residents who can afford to move into a turn-key property. In response to the City’s report, the Centre for Urban Research and Land Development at Ryerson University looked into the reasons and suggested some solutions. Known as Missing Middle Housing, this report concluded that one of the main issues is that city planning protects neighbourhoods from “densification,” or adding housing. The report stated that Toronto could add 300,000 to 400,000 secondary or additional suites to its current single- and semi-detached house stock. Policies that encourage renovations and additions would go a long way to helping increase housing supply in a way that an “anti-flipping tax” will not. An anti-flipping tax or speculation tax will only slow down the re-use of existing properties by hampering smaller “flippers.” If real estate investors are restricted to one property a year, the system favours large developers who will continue with the pace of urban sprawl. Housing becomes more affordable when re-use is supported, not hindered. 3. Reduce Costs Development of existing properties can help lower costs since urban sprawl requires governments of all levels to fund infrastructure to support new communities. Increased spending means stress on government budgets, which gets passed on to citizens in the form of higher taxes. Spending for urban sprawl includes building new roads and freeways, adding plumbing, sewer and electrical infrastructure, increasing transit and emergency services, and increased maintenance like snow removal. Urban sprawl also increases the carbon footprint in our cities, leading to more roadways, longer commute times, less efficient public transit and commuters who are less likely to walk or bike to work. That goes against the green mandate supported by politicians and the people who elect them. Instead, politicians are looking to limit and lower emissions and enact more environmentally friendly policies. For instance, the Federal Liberal party included “A Cleaner, Greener Future” and “A Home. For Everyone” in its 2021 election platform. Following the 2021 election, the federal Minister of Environment and Climate Change was mandated to “bring forward an updated Emissions Reduction Plan to achieve a 40 to 45 per cent reduction in emissions by 2030 from 2005 levels.” And, that department has created a Pan Canadian Framework on Clean Growth and Climate Change, with a goal to reduce greenhouse gas emissions. The housing shortage and climate issues are linked. Building more new homes in new neighbourhoods creates “climate change-related challenges, like preventing unchecked urban sprawl from eating into existing greenspace and necessitating the construction of more highways, which in turn perpetuates the need for more cars, trucks and SUVs.” Here’s a tangible look at the savings to be found in revitalizing existing neighborhoods. The City of Calgary commissioned a study in 2009 that was called the “Cost of Growth” study. It examined two scenarios for development: the “Dispersed Scenario” which reflected the trends at the time, and a new Recommended Direction which suggested that development be focused on “intensifying jobs and population in specific areas of the city and linking them with high-quality transit services.” The report looked at infrastructure such as transportation (roads and transit), water and sewer services, police, fire, parks, recreation centres and schools, and found that the “Recommended Direction” required 25% less land, was 33% less expensive, and would be less expensive to operate and maintain over 60 years. Here’s another example. Michael Zaransky is an author in the United States who has published two books, including “Purchase Rehab, and Reposition Commercial Investment Property.” With a wide range of real estate, banking, and financial experience, he believes in “renovate instead of rebuild.” In an article explaining why investors should rehab existing properties, Zaransky says renovation is more affordable and convenient. High construction costs in some areas means it is “impossible for all but the biggest, richest companies (or consortiums) to fund, plan, and construct new structures.” He states that renovation is a better option because fewer materials are needed, existing structures are utilized, and costs are nearly always less than a new build. His other benefits include: The home will fit right in with the surrounding neighborhood. The home can easily be made more energy efficient. The building can be converted into more or less units, and additions are possible as well. It’s even been suggested by some that renovating existing properties can help aid economic recovery. “By renovating the spaces where people live and work to be more energy-efficient and resilient to climate change, local economies can be boosted, and cities can achieve their sustainability goals and reduce their carbon footprints…Renovation is a way to create local jobs, improve life quality, reduce energy poverty and make populations more comfortable while keeping them safe.” Clearly there are better solutions to the housing shortage and rising prices than identifying policies that restrict housing supply, like an anti-flipping tax or an anti-speculation tax. The Bottom Line With real estate prices continuing to increase, the search for a solution is more complex than adding taxes that will discourage the renovation of older properties. By renovating to sell or rent, “flipping” can actually form part of the solution. In fact, an attempt to use a speculation tax in 1974 was not successful in Ontario. One of the biggest issues remains supply, and new construction will help. But the renovation of properties for resale, or to add rental units, can ease the supply problem while also supporting green initiatives. Real estate investors are supported by alternative mortgage lenders. Alternative lenders and real estate investors work together in the business of renovating properties for resale or renting. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario. Contact one of the experienced Calvert underwriters for more information on how renovating existing properties is good for the environment. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 4 Considerations for Homeowners as Interest Rates are on the Rise It was bound to happen - interest rates are on the way up. The Bank of Canada has recently raised its benchmark or policy interest rate, resulting in an increase passed on to borrowers in the form of higher interest rates. Major lending institutions followed suit by raising the prime lending rate. These higher borrowing costs might actually cool the hot real estate market, but will have even more implications. Rising interest rates have a far-reaching impact, noticed by those with variable rate mortgages, those with a home equity line of credit, and those looking to buy a home. That means both current and would-be homeowners will all feel the pinch. And those with multiple loans may make it hard to make ends meet when even one payment goes up. But what can homeowners do, other than watch as rates climb? Here are 4 considerations for homeowners as interest rates increase. 1. Get Creative by Asking for New Solutions If you're worried about interest rates continuing to rise, and you want to lock in a mortgage, it might be difficult to do without facing a penalty. That's when creative solutions like a blended mortgage may work. While banks may not necessarily promote a blended mortgage, they are available to borrowers. There are two types of blended mortgages to consider: Blend and extend: combine your existing mortgage rate with a new one, while you extend the term of your mortgage. Your interest rate will be a blend of your old mortgage rate and the current rate, and you won't pay a fee for breaking the existing mortgage. This works, for example, if the new blended rate is better than what you may be looking to pay in the future if rates continue to increase. Blend to term: this option gives you a blended rate without adding any time to the term of your mortgage. Once the term is up, you can look at a new mortgage. With either option, you'll need to do some math to determine whether either one will benefit you, and if so, which is the better option. You won't be paying a penalty for breaking your mortgage, and you can access some of your home's equity (which can also be done with a homeowner's line of credit). The possible downsides are less flexibility, if you plan to move, and it may not actually be cheaper than riding out your current mortgage. However, if interest rates continue to rise, it could end up saving you some money. There are other creative options for you too, depending on your situation. Let's say you're selling your home and buying another, but the possession dates don't match, or you can't qualify for a mortgage until the existing mortgage is paid out. The current hot market might make it necessary to make an offer on a new home before yours sells. The bridge financing solution offered by Calvert Home Mortgage can help in those situations. 2. If You're in the Market for a Mortgage, Consider Using a Mortgage Broker Whether you're interested in buying a home, your mortgage will soon come due, or whether you're lookin to refinance, you “always want to get the biggest bang for your buck.” That’s why you should consider a mortgage broker. A mortgage broker is a middleman between you and your financial institution. Now sometimes we try to avoid a middleman, but that's not the case with a broker. In many instances, the middleman is beneficial. When you’re in the market, you will likely go to the bank you have always used and discuss a mortgage. A broker, on the other hand, will shop around to find the best mortgage rates for your specific situation. Unlike a traditional bank, a mortgage broker does not provide the mortgage. Their job is to put you in touch with those that do. You’ll get the expertise of someone who has considered all the options and delivered the best ones to you. Then they only get paid when they find you a loan that you accept - giving them incentive to find you the best deal possible. They can also look at different options, not just traditional banks and not just a fixed-rate mortgage that is locked into a high interest rate. 3. Understand your budget Rising interest rates could mean a quick jump in the amount of your debt payments, putting you in a difficult situation when it comes to other expenses. Suddenly there may not be enough money for your weekly date night, or the fees you need for your children’s activities. That’s why it’s important to know your budget and understand how much debt you can handle, while also planning for the unexpected. Here’s an example of what a bump in interest rates could mean, courtesy of the Government of Canada’s Financial Consumer Agency: Variable interest mortgage of $278,748: Current interest rate: 3.1% Increase in interest rate: Up by 3% Increase in mortgage payment: $457 a month That highlights the fact that you need to be careful when you take on debt, remembering these considerations:While you might not see a jump of 3 percent happen overnight, even an increase over several months could mean a significant dent in your disposable income, or worse. You might not be able to make your mortgage or loan payments. Avoid getting the biggest mortgage or line of credit that you're offered. Make sure you have an emergency fund to deal with unplanned costs. Take steps to eliminate debt, or look into consolidating debt to pay it off faster. Calvert Home Mortgage has a debt consolidation tool that can help. 4. Pay down debt before rates increase again One of the best ways to avoid the pain of higher interest rates is to pay off debt as quickly as possible. You might be thinking that’s easy to say and hard to do, but there is help for those with multiple loans and arrears. Consolidating your debt may help ease your payment load. Let’s say you have more than mortgage debt: you also have a car loan, a line of credit, some credit card debt, and perhaps other payments. While a good tactic involves paying off one debt at a time, sometimes there are just too many payments. It can be hard to get ahead, especially when interest rates go up and those payments increase. That’s where debt consolidation comes in. If you own your home, Calvert Home Mortgage can help with a first or second mortgage along with a plan to eliminate debt. You can access the equity in your home to get those resources you need to pay off debt more quickly. A mortgage loan can go towards the principal and any late payment charges on those other debts, getting the balances down to zero, and getting you to one debt payment. While you will still owe money in the form of that mortgage, the interest rates should still be lower. For instance, interest rates on credit cards are still much higher than a mortgage. So, the overall cost of borrowing will be less and that one payment should be much lower than the total payments for the debts you consolidated. You’ll also benefit from re-establishing your credit rating, which allows you to eventually seek refinancing at a conventional bank at a lower interest rate. The Bottom Line News of rising interest rates can cause concern for homeowners and others with debt. But there are options, including these four considerations for homeowners as interest rates are on the rise. Calvert Home Mortgage is here to help, with plenty of other free resources and educational tools that can help individual homeowners and real estate investors. Calvert Home Mortgage has been serving customers as an alternative lender since 1975 in Alberta and has recently made a successful expansion in the Ontario market. Contact one of the experienced Calvert underwriters for more information and advice on mortgages, debt consolidation and more. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 5 Key Facts You Need to Know About Bridge Financing By Ardith Stephanson Bridge financing is a unique solution that can help those buying and selling property in a number of ways. This temporary mortgage is granted to help purchasers “bridge” the gap between when an existing home sells and a new home is purchased. Bridge financing lets you use the equity in your current home to buy the new home. Let’s take a look at the 5 key facts to know about bridge financing. 1. What is bridge financing? Bridge financing is basically a short-term mortgage that covers the time between the sale of one home and the purchase of another. Perhaps there’s a gap between the closing dates on the two properties. Or maybe you want to move quickly to buy a property in a hot market - the bridge mortgage can enable a “buy now, sell later” situation. Calvert Home Mortgage Investment Corporation is experienced in helping borrowers with this problem-solving financing. “By getting this type of mortgage, you can bridge the gap between a purchase and a sale or refinance,” says Rob Maver, an underwriter at Calvert Home Mortgage. “The homeowner uses the equity in the current home to make a down payment on the new home, rather than having to wait for the existing property to sell. Once your property sells, the bridge mortgage is paid off from sale proceeds or by way of refinance.” 2. When can bridge financing help? There are a number of situations that you may want to consider bridge financing a mortgage: • You can take possession of a new property before the sale of the old one, so you have more time to move. • Perhaps you have children and would like more time to make the transition. • Maybe you just want to avoid the chaos of handling both properties in a 24-hour time frame. • A hot market might make it necessary to place an offer on a new home before your home sells. • You will have the time and resources to make upgrades to the new home before moving in. • You need help to refinance, for instance, if you can’t qualify for a mortgage until the other mortgage is paid out. “There are also times that possession dates are placed in contracts without consideration of the financing implications,” Maver says. “This is a way that we can help clients buy time to bridge their sale and the purchase.” 3. How does bridge financing work? These mortgages are short-term fixes. Maver has done 1-day deals, up to 90-day deals. Here’s an example. House A is a new home that becomes yours on December 1. House B is the home you currently live in, the sale of which will close on December 15. Because of the gap between your move to house A and the time you’ll get money from the sale of House B, you need to borrow the down payment for House A by tapping into the equity in House B for a short-term “bridge” mortgage. When you get paid out on December 15, you pay off that short-term mortgage. Or, if you can’t qualify for a full mortgage until House B sells, you can still cover the down payment on House A by tapping into the equity in House B for a short-term “bridge” mortgage. The underwriters at Calvert Home Mortgage work with clients to make this happen. This type of loan is not always accessible from traditional lenders. “We want to make sure our client is in a position to succeed,” Maver says. “This is business we are used to conducting, and we can find creative solutions for clients to make it work.” Typically, lenders require the purchaser to show that the down payment has a 90-day accumulation, meaning the money has been in a bank account for a minimum of 90 days. As a result, many banks and other lenders won’t provide this bridge or short-term type of solution. Instead, the typical lending institution is where a home buyer will get a long-term mortgage. As an alternative lender, Calvert Home Mortgage’s business is short-term lending, and they have been doing it for years. “We offer speed and flexibility,” Maver says. “Many deals can be underwritten in one business day, so the borrower can get their commitment letter quickly. If the property listed is sold or there is a refinance, there is flexibility to manage the situation.” 4. Is bridge financing expensive? The bridge financing cost to the client varies. Mortgage financing options depend on the duration of the mortgage, for instance. “We offer fair, flexible pricing,” Maver adds. “The length of use of the funds borrowed, and the loan value, contribute to pricing. We will only commit to mortgages that add value to our client’s situation.” 5. Who can use bridge financing to their advantage? Bridge financing is geared to the everyday borrower, when a family wants more time to move or needs some help bridging different possession dates. But Calvert Home Mortgage will also work with real estate investors to provide bridge financing in certain situations. Real estate investors involved in flipping properties, or in a BRRR (Buy, Renovate, Rent, Refinance) business can use this option too. “When there’s multiple properties at play, we can come up with creative solutions to help support their business,” Maver says. “The speed we can offer with a fast turnaround time lets us put together a deal to help flippers achieve what they’re looking to get done.” In that situation, an investor can leverage the properties they flip for additional financing prior to selling. Calvert Home Mortgage will work with a client to come up with flexible solutions for flip financing, like using the equity in a property to buy another, or access funds for renovations so they can continue their business without interruption. “Bridge financing is available as a solution anywhere we lend, in Ontario and Alberta,” Maver adds. “This is the type of loan we are really excited about. We think this can be a real benefit to clients, from individual homeowners to real estate investors.” The Bottom Line When you’re buying a new home and selling your current one, there are times when possession dates don’t match. There are also times when you need to cover a down payment before getting paid for the house you’re selling. Bridge financing is a unique short-term lending solution that can help homeowners “bridge” the gap between possession dates. It can also help real estate investors who are in the business of flipping properties, or renovating them to rent. As a successful alternative lender, Calvert Home Mortgage can help. Calvert Home Mortgage has been supporting investors since 1975 in Alberta, and has recently made a successful expansion in the Ontario market. Contact one of the experienced Calvert underwriters for more information on bridge financing and other lending solutions. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 6 Common Mistakes New Real Estate Investors Make—And How to Avoid Them Getting started in real estate investing is exciting—but it also comes with a learning curve. Whether you’re flipping properties or building a BRRR (Buy, Renovate, Rent, Refinance) portfolio, the early stages of your investment journey can be full of costly missteps. Understanding the mistakes new real estate investors make is key to long-term success. As an alternative mortgage lender that specializes in short-term real estate investment financing, we’ve seen these mistakes firsthand, and we’re here to help you avoid them. Here are some of the most common mistakes new real estate investors make and how to avoid them. Underestimating the Need for Speed in Competitive Markets In fast-moving markets, timing is everything. New investors are often surprised by how quickly properties—especially distressed homes and off-market opportunities—get snapped up. Delays in financing can mean missing out altogether. How to Avoid It: Work with a lender who understands the urgency real estate investors face. At Calvert Home Mortgage, we specialize in supporting REIs, with a streamlined approval process and Commitment Letters typically delivered within one business day. Pre-approvals and strong lender relationships can help you act fast when the right property hits the market. Underestimating Total Costs and Holding Expenses Focusing only on the purchase price is one of the biggest budgeting mistakes new REIs make. It’s easy to overlook the full range of costs, like closing fees, property taxes, utilities, insurance, renovation overruns, and carrying costs during a project. How to Avoid It: Take a comprehensive approach to budgeting. At Calvert Home Mortgage, we provide tools and support to help you plan with confidence. Our Renovation Budget Checklist supports you in identifying the most common and commonly forgotten expenses. If you’re pre-approved, we offer free in-house property valuations so you can make informed decisions before you buy. Our Flip Analyzer Tool lets you estimate profit margins based on key project details and evaluate potential costs and returns with ease Knowing your numbers up front helps you act with confidence and stay on track with your investment goals. Failing to Plan Renovation Time and Costs Realistically Renovations rarely go exactly as planned—especially when working with older properties or distressed real estate. Timelines can slip, trades may be delayed, and costs can spiral when surprises come up behind the walls. How to Avoid It: Build in both time and cost buffers for every project. Know your contractor, have a scope of work, and pad your budget. Our mortgage solutions are designed to support renovation timelines and allow flexibility when plans need to shift—because we’ve been through with real estate investors just like you, thousands of times. Overleveraging and Underestimating Risk Leverage is a powerful tool in real estate investing, but taking on too much debt without a financial buffer can quickly lead to stress. Many new REIs overestimate resale value or rental income and don’t plan for unexpected repairs or market changes. How to Avoid It: Be conservative with your numbers and always include a buffer. We work closely with our clients to find the right mortgage product that aligns with their cash flow, risk tolerance, and long-term goals. We want to see your deal succeed—and that means setting you up with realistic, sustainable financing. Trying to Go It Alone Without a Network Real estate investing is a team sport. New REIs often underestimate the value of a strong network—including contractors, Realtors®, fellow REIs, and of course, their lender. How to Avoid It: Surround yourself with people who know the business. Join local investor meetups, ask questions, and learn from others’ wins—and mistakes. Building relationships will help you uncover deals, solve problems, and grow faster. Assuming Traditional Lenders Are the Only Option Many new REIs assume they need to work with a big bank. But traditional lenders often aren’t structured to support real estate investors, especially those doing flips, BRRRs, or investing full-time. Their timelines, requirements, and risk models can be limiting. How to Avoid It: Explore what alternative lenders like Calvert Home Mortgage offer. We focus exclusively on real estate investors, so our mortgage solutions are built around speed, flexibility, and common-sense underwriting. The Bottom Line Starting your real estate investment journey doesn’t have to be overwhelming. By learning from common mistakes and surrounding yourself with the right team, you can set yourself up for long-term success. At Calvert Home Mortgage, we exist to support real estate investors. Whether you’re funding your first flip or scaling a rental portfolio, our goal is to provide fast, flexible financing and a real partnership along the way. Ready to fund your next deal? You can easily submit an application through your mortgage broker or here. Or, if you’d like to learn more about how we can support you and your business, reach out to our Business Development team. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. #### 6 Traits of a Family Culture at our Family Business By Dean Koeller, President and CEO, Calvert Home MortgageA family-owned business has unique challenges, but it also brings with it unique opportunities for success. At Calvert Home Mortgage Investment Corporation, we have put effort into building a culture for our business that reflects our family values. It hasn’t always been easy, and we continue to learn on our journey. We have run the gamut in our business, from facing significant financial challenges, to facing family disharmony and seemingly insurmountable business challenges. But we have come through in a way that has made our family and business stronger. We learned and put into use a frame work used in family businesses called the three-circle model. The three circles are Family, Ownership and Business. It is where the circles overlap that many businesses and families have challenges. Good governance would suggest that families, employees and stakeholders are thoughtful in what circle they are in and understand who, what and where communications and decisions need to be made. Using this framework has served our family and our business as we continue to learn, grow, and adapt. In understanding our culture, the work of John Defrain has been particularly helpful. He is a Professor Emeritus at the University of Nebraska-Lincoln and has done extensive research and writing on the development of strong families. Specifically, he and his research team identified six key traits that make a strong family. Those six areas are what our family has focused on personally and in business. We have used them to both learn and implement these components into our lives. And we have learned that the six traits are also key to a strong business. Appreciation and Affection Our business was founded by my father, Everett Koeller. I joined the business in 1997, and my brother Dale joined in 2000. In those early days, things were not going well. We found help in the community of family-owned businesses that’s now called Family Enterprise Canada. Resources there helped us build a framework and tools to learn how to separate our roles, our communication, and our governance through that three-circle model. We learned to appreciate our differences and leverage our strengths, giving us all a purpose and capacity to contribute to the success of the business.   We’ve used that learning to build a culture of caring at Calvert Home Mortgage, rooted in the idea of showing appreciation and affection to our employees, clients, shareholders, business partners and the greater community. Here are a few examples: We will not sell clients on our financing products and services unless we know they will be a benefit from our efforts. Instead, we assist them with outside resources. Our company is focused on coaching and mentoring. I personally provide one hour of one-on-one coaching to each employee, each month, ten months of the year, focusing on personal development. We have a company bucket list program, which encourages our employees to live an inspired life and not lose focus of their dreams and do the things that give them passion and enjoyment. Each year we support all our employees to complete a bucket list item. We have regular and meaningful opportunities for our employees to socialize with each other and celebrate important events in their lives. Commitment Our family and our business show a strong commitment to one another. This commitment includes investing time and energy, building trust, and being honest and dependable. The commitment was tested and survived a series of setbacks in 2008 through 2010, which included the United States mortgage crisis in 2008 which impacted markets and the real estate sector in Alberta; changes to Canadian securities regulations in 2009; and changes in the 2010 federal budget which impacted our entire family investment in our company. While one solution was to sell the company, we instead committed to fighting for our company. My brother and I went from working for the family business to being owners of the business, with a newfound commitment that showed our father we were “all in.” We also believe in trust as a key component of commitment. Our business spends a lot of time educating our employees of the importance of building trust with each other, our clients, and our shareholders. We have found that when we take the time to educate our employees, and give them clarity and transparency into the business, we improve our trust with each other. This speeds our productivity, reduces our costs, and increases our energy and focus. Employees who understand the “why” can move faster, with greater confidence and produce extraordinary results. As an example, we can intake a mortgage and fund it within 24 hours because of the trust we have both within the company and with our clients. Our team has quarterly meetings to share financial results, share our wins, our losses, and our learnings, and ensure every employee knows the goals of the company. This gives everyone the opportunity to ask questions, share ideas and understand how their contributions matter to the health and well-being of the organization. Finally, we have feedback interviews with our clients, and we conduct annual employee surveys, with a focus on hearing and doing something about it. Positive Communication We have also worked hard on positive communication. There are several components to that: Being task orientated in communication, by identifying problems and discussing together how to solve them Listening to each other Open-ended conversations that can reveal important information Giving compliments Sharing feelings without blame Being open to compromise Our basic premise is that what does not get talked out gets acted out, and often in a non-productive way. We stress that not talking about something does not mean it is not having an impact. Another important focus for us is embracing failure. We believe a person cannot grow, innovate, or develop a business without embracing failure. The fear of failure will hold employees back from offering their best thinking, their creative ideas, and from trying new things. The ability to admit mistakes is necessary to learn from them. At Calvert Home Mortgage, our leadership team talks openly about our failures and encourage others to do the same. The key is to learn from your mistakes. Enjoyable Time Together As a family, we enjoy time together. That doesn’t mean extravagance and expense. It can be as simple as quality time together, sharing memories, and enjoying each other’s company. As a business, we make a point of connecting as a team. That includes daily stand-ups, weekly department meetings and management meetings, monthly lunch and learns, quarterly company meetings and several annual events. At each meeting we have “shout outs” where employees share their gratitude and appreciation to their team members. We also take pictures through the year and share at a year-end slide show. Spiritual Well-being   We define spirituality at our company in several ways: a feeling of oneness with the world sharing values commitment to important causes We believe employees are looking for a sense of connection and inspiration at their organization, with shared values and a meaningful purpose. To that end, our missions and visions are living, breathing statements and not just words on the wall. We continually talk about them and adjust them as our company changes and evolves. We also believe that we need to build bridges with our community, so our family established a charity The Charitable Foundation of the Family to focus on desire to give back.  We encourage our employees to connect with their own community and give back in meaningful ways. It’s amazing how good people feel by giving to others, especially to those groups or causes that have a special meaning in their lives. Successful Management of Stress and Crisis  Strong families possess the ability to manage both daily stressors and difficult life crises creatively and effectively. They work together to meet challenges, they are adaptable, and they are resilient. The same is true of a business, and the COVID-19 pandemic has certainly tested that resolve. We had been through economic crises before, and we knew the work and effort that could be ahead. We implemented several strategies to adapt to the virtual world that was suddenly upon us, challenging our face-to-face culture and the in-person, paper world of our clients and our business. In the first 30 days of sending our employees home, we set up our systems to work remotely. We had a psychologist presenting bi-weekly lunch and learnings on mental health. We implemented a strategy of reaching out to all our clients, educating them on resources available through government and industry programs. We developed a weekly cadence of communicating with our shareholders on what we were thinking and doing to protect their investments. The stress and challenges of the situation has brought our team closer than ever before. Our industry is slowly adapting to a new way of business and embracing technology to make it easier to facilitate a real estate purchase. And, we have been successful in our expansion in Ontario. The Bottom Line Any family, like any business, goes through bumps in the road. Ours is no different. We have been on a journey of learning and continue to explore and adapt. We have benefited from the use of the three-circle model of Family, Business and Ownership. We have also learned that the 6 traits of a strong family are applicable at our family-owned business. We continue to focus on these traits in all three circles of our business, and we continue to grow together at Calvert Home Mortgage. #### 6 Ways to Take Advantage of an Existing Mortgage With much talk about climbing interest rates, homeowners may be nervous about their current mortgages. As the Bank of Canada raises what it calls its policy interest rate, that impacts the prime rate of commercial banks, used for loans such as variable rate mortgages and lines of credit. Following a hike in June, the Bank stated that interest rates will need to rise further. Fixed rate mortgages, tied to bond rates, are also on the rise in Canada even though they are not directly tied to the Bank of Canada policy interest rate. While some analysts believe these rising interest rates have cooled (and will further cool) a hot housing market, the jumps create stress for those with existing mortgages. However, a mortgage currently in place could prove to be an advantage, depending on your situation. Here's a look at 6 ways to take advantage of an existing mortgage. 1. Port Your Mortgage If you're in the market to buy a new home, then it's worth thinking about porting your existing mortgage. If you have low interest rates you may want to keep that mortgage in place. What is porting a mortgage? Basically, you transfer what you owe on a current mortgage to a different property. You may be able to "break" the current mortgage without paying a penalty, and it would also be an opportunity to take advantage of that existing (potentially lower) mortgage rate. One factor that could impact porting a mortgage is that you may have to switch from a variable rate mortgage to a fixed rate. Depending on what the rate is, this could be positive or negative. 2. Get an Alternative Second Mortgage Another option is to get a second mortgage, which allows you to leverage the low first mortgage rate. Even with a higher interest rate, this type of mortgage could still be cheaper than a new mortgage, thanks to the existing low rates on your current mortgage. The key is having your mortgage broker or lender (and we can help) calculate the effective average rate, and compare that to currently available mortgage rates. 3. Negotiate a New Blended Mortgage Another option for homeowners when interest rates are rising is to blend your mortgage, which can be done in one of two ways. The first is "blend and extend," in which you combine your existing mortgage rate with a new one and extend the term. The second is "blend to term," in which you blend the rate without adding to the term. Another advantage is that your extension is with your current mortgage lender. If they offer this as an option: talk to your mortgage broker about it to see if it is an option for you. 4. Refinance Your Mortgage Another alternative is to refinance your existing mortgage before interest rates climb higher. Refinancing allows you to access more equity in your home and at the same time renegotiate your existing mortgage. You can also access your equity if you want to do renovations, for instance, by looking into a homeowners' line of credit. 5. Pay Down Debt While some homeowners with variable interest mortgages will consider locking in to a fixed-rate mortgage, there are still benefits to sticking with a variable rate over the long term. For instance, those who are not planning to stay in the home for more than a few years may not want to switch to a fixed rate loan since it increases their probability of paying a prepayment penalty if moving before the end of the mortgage term. In the meantime, take advantage of the current rate to pay down debt faster. Here's how. Make payments on your variable-rate mortgage in the amount you would with a higher fixed-rate mortgage. More of your money will go towards reducing principal on the loan, which will lower the amount you owe at a faster pace. It also means you've taken advantage of the lowest interest rates when you have the highest amount of debt. As you pay of debt, rising interest rates won't hurt as much, because you'll owe less money on the loan. Figure out what your payment would be if you locked in at a fixed rate and use that extra money towards debt reduction. It's better than paying more interest, and you can pay down your mortgage faster. Let's use an example. A monthly payment on your current variable rate mortgage is only $2500 A monthly payment on a fixed mortgage at the current rate would be $3000 You use the prepayment option on your mortgage to increase your monthly payment to $3000 By paying that extra $500 per month - or any amount for that matter - your extra money will go directly to principal, while your variable rates are still low. You can also consider increasing your payments each month to what they would be if interest rates go up again. That would prepare you for the increases that are likely to continue, at least for the next year. You'll still be taking advantage of that extra money to pay down your principal. And once again, if your mortgage rates go up, you'll be paying interest on a smaller principal, which helps save money in the long run. If you have too much debt, like a mortgage, car payments and credit card debt, consider a debt consolidation. Calvert Home Mortgage can help with a first or second mortgage along with a plan to reduce and eliminate your debt. To do that, you access the equity in your home. While you still have payments, the rates should be less, and you’ll be able to eliminate some of those high-interest obligations like credit cards. 6. Don't Panic Even with recent increases, interest rates still remain low. That means it may be worth carrying on with your current mortgage rate. Or, it could be a good time to look at a second mortgage or a homeowners’ line of credit. Perhaps you could access some equity to get rid of debt with high rates, like money owed on credit cards, which can get as high as 19% to 22%. And there's some good news on the flip side. A rising Bank of Canada rate can positively impact the interest rates paid on deposits, guaranteed investment certificates and other savings. It has also contributed to the housing market slowing down. The Canadian Real Estate Association said in June that there has been “a slowdown to more normal levels of sales activity and a flattening out of prices." So, if you are in the market for a home, you may have a bit more breathing room, some time to shop around, and to contact a mortgage broker to find the best mortgage for your needs. What's certain is that the Bank of Canada's policy interest rate is expected to rise again, so it's best to start thinking about what that means for you and your existing mortgage and other debts. The Bottom Line Rising interest rates often create concern for homeowners, but it can create opportunity for some. There are chances to use an existing mortgage to your advantage. Calvert Home Mortgage can help, with free resources and educational tools that can help individual homeowners and real estate investors. Calvert Home Mortgage has been serving customers as an alternative lender since 1975 in Alberta and has recently made a successful expansion in the Ontario market. Contact one of the experienced Calvert Underwriters for more information and advice on mortgages, debt consolidation and more. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### 7 Things to Know about Raising Rent as a Landlord in Ontario Renting out your property in Ontario comes with certain rules. Anyone looking to buy a tenanted property or planning to needs to understand landlord-tenant laws in Ontario. One of the key factors to consider as a landlord is that there are rules for rent increases—and they can be a bit complex to navigate. The Residential Tenancies Act (RTA) is the landlord’s handbook, but we’re here to help with some basic guidelines. Here are 7 things you need to know in 2024 about raising rent as a landlord in Ontario. 1. Timing for Increases In most cases, the rent for a residential unit can be increased if at least 12 months have passed since the: last rent increase, or date the tenancy began In other words, you have to wait a year—or 12 months—between increases. If a new tenant moves in, you can raise the rent above what the previous tenant paid at move-in date. Then you must wait a year after the date of move-in to activate another increase. Landlords are also not allowed to increase the rent more than once every 12 months. 2. Government-Established Rent Increase The Ontario government establishes a maximum rent increase each year. For 2024, the rent increase guideline was set at 2.5%, the same as the year before. The purpose of the cap is to prevent significant rent increases. This guideline is calculated using the Ontario Consumer Price Index, a Statistics Canada tool that measures inflation and economic conditions over a year. For the rent control guideline, data is used from June to May for the cap of the following year. 3. Notice of An Increase As a landlord, you must give a tenant written notice of a rent increase in the proper form at least 90 days before it takes effect. These forms can be found online through the Landlord and Tenant Board. 4. The Guideline Covers These Properties The government’s rent increase guideline applies to most private residential rental units, such as: rented houses, apartments, basement apartments and condos care homes mobile homes land lease communities 5. The Guideline Does Not Apply to These Properties Here’s what’s not covered by the rent increase guideline: rental units when you get a new tenant—when there’s a turnover, you agree to the rent amount with the new tenant community housing units long-term care homes commercial properties 6. Another Important Exception to Rent Control Another exception for landlords to consider is that a certain type of property does not face rent control. New buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018 are exempt from rent control. Some conditions apply, so ensure you read section 6.1 of the RTA in full. In other words, you could raise the rent by any amount, as long as you don’t have a rental agreement with the tenant that says otherwise. You can still only raise the rent once every 12 months. This applies to the housing mentioned that no one lived in on or before November 15, 2018. This is an important exception for landlords to consider. This law was enacted by the Ford Government in 2018 to promote construction and housing availability in Ontario. It means that if you have a new building that was built and first occupied after November 15, 2018, you’re exempt from rent control. Tip for Landlords: Keep good records in case there is a dispute about the age of your buildings and/or additions. As the Landlord, you must prove that the building or addition, or the new unit in an existing house, was first occupied for residential purposes after November 15, 2018. Keep these important documents when you’re working on a property: building permits, permit applications and plans occupancy permits new home warranty documents documents from the builder or invoices from the contractor “before and after” photographs 7. Application for a Higher Increase If you want to raise the rent above the rent control guideline, as a landlord you can apply to the Landlord and Tenant Board. This is the provincial body that resolves disputes between residential landlords and tenants. It’s also possible through the Landlord and Tenant Board to form an agreement with your tenant to increase the rent above the guideline. In this instance, the tenant agrees to a higher rent increase because the landlord has done—or will do—capital work; or has provided—or will provide—a new or additional service. The form for this type of increase is also available at the Landlord and Tenant Board, and asks you to provide details of the work or new or additional service. This rent increase cannot be more than the rent increase guideline plus 3%. The Bottom Line When it comes to rent increases, there are four key takeaways for landlords: You must wait 12 months after a tenant moves in before raising the rent. You can only increase rent once every 12 months. You must give notice at least 90 days before actually raising the rent. You must follow the annual cap on rent increases, which for 2024 is set at 2.5%. There are other considerations for landlords in the Ontario law, such as limitations on terminating tenancies. We will have more on this in an upcoming article. If you’d like to learn more as a real estate investor, tune in to our new podcast Real Estate and Wealth once launched. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information on how rental investments are good for the real estate market. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### An economic roadmap: how to read the signs In our industry, we discuss the economy a great deal, and we follow the statistics and economic measures: but what does it all mean and how do you use this information in your business? How does it help you make decisions, and how can you use it to answer your clients’ questions about the economy? In the news and industry articles there is a lot of noise: how do you know what matters, and what indicators will affect you and your clients, and the lenders you deal with.  In this article, we’ll explore what economic indicators matter most, and how to interpret them. We’ll cover how they affect the decisions lenders make that directly affect their offerings for your clients. The mortgage industry has a great deal to do with managing risks. As mortgage lenders look to interpret indicators in the economy that could reduce or increase risks to their borrowers, we also look for the individual risks for a borrower, in their business, for growth or dissolving income. We look at the macro trends in an economy, as well as the micro situations of an individuals’ credit and personal income. If we lose sight of either, we are taking undue or unnecessary risks. Neither brokers or lenders can individually change the economy: all we can do is make our best decisions in the market we have. For the mortgage industry, the biggest and most important thing we follow is economic growth or contraction. Lots of things measure the growth of an economy, but the biggest indicator for a country or province is their GDP (Gross Domestic Product). This is basically a measure of how much the economy produces, either what we all spend as a group, or how much we all make, and whether it is growing or shrinking. I look at two major things here: what it has been, and what the professionals forecast it to be. I’m particularly interested in the local economy, such as the province, or major city. When an economy shrinks, we know that people are working less, making less, and spending less. In a growing economy, we are producing more, more of us are working, and we are generally spending or investing more.  The problem with GDP is that it takes a while to get it all calculated each quarter and year: so it is like looking back 2 or 3 months or even a year to see how our health is (WAS!) doing: it is not a great measure for today, which is why we also look for more current indicators of our economy's health, such as our employment or unemployment to see how many are or are not working, or how much we are spending (retail trade, wholesale trade, and other indicators of spending). The difficulty of course with any one of these indicators is that they only tell part of the story, and we also have to remember that not all parts of the story will weigh equally in telling the conclusion of economic growth. As a mortgage lender, the most important indicators for me, next to GDP, are employment and unemployment: if our borrowers are employed, they should not have difficulty making mortgage payments. If unemployment is increasing, then the risk is that some will lose their income, if employment and job growth is increasing then not only are our borrowers less likely to lose their size or source of income, but they are likely going to be better able to keep making payments. Better yet, if employment growth is strong, then incomes are likely to be as well, increasing their opportunities to keep all their bills up to date and increasing their credit score. Within job growth, we look for stronger growth of full-time jobs compared to part-time jobs. Full-time work generally pays better and comes with a complete package of worker’s benefits. A higher proportion of full-time work better supports homebuyers entering the market, as well as current homeowners. If job growth is strong enough, and particularly, if it is stronger than a neighboring city's or province's job prospects, then it will also encourage migration to where the jobs are. Both the housing and mortgage industry watch migration carefully to predict housing demand. You as mortgage brokers know that when a new family comes to town, you might just have a new client. Those moving to a new city with a higher salary may buy a house immediately, particularly if they have sold a property in the city they are leaving. Others will rent, either indefinitely, or for a year or two. Generally speaking, rental demand increases before housing sales will, but no matter what a migrant's choice is, they will be occupying a property and will have supported real estate values. While job growth increases precede in-migration by several months, an increase of in-migration will immediately support housing, and if it builds to the extent that it takes up most of the current supply, then we get to report appreciation of individual homes, and increases in both rental demand and rental rates. When the reverse happens, we as lenders know, that housing supply will build, and if the trend lasts long enough, it will erode housing values. An important starting point in understanding the local economy is to understand what it is made up of. In other words, what are the main industries, local economic drivers, and commodities that a particular town, city or province are exposed to that affect local GDP, jobs, and local buying power. In Alberta, we spend a great deal of time talking about the oil and gas industry, and some communities will be more heavily weighted to one or the other. Keeping track of just how big of a percentage an industry or commodity is of a geographic region’s economy or GDP is important in understanding if job growth and buying power is building or dissolving. Volatility is a term economists use to describe the value of a commodity decreasing rapidly, and even unpredictably, especially for the worse. When a commodity or economic sector that a community is heavily tied to is especially volatile, then that will have implications for the stability of the local housing market.   When the economy is doing well, lenders are better assured that risks are lowered. Borrowers are best positioned to make payments and less likely to run into financial difficulties. Should a borrower lose their ability to make timely payments, and mortgage arrears follow, the property may need to be sold.  In a good economy, this sale is likely to happen relatively quickly, and for a strong price. A maxim that lenders know all too well is that lenders never participate in a borrower's upside, only in their downside. A lender does not make more money because a borrower makes more money, or because their property is worth more; the lender can only make the money that the mortgage contract outlines. On the other side of the equation, if a borrower cannot make their payments, and the value of their property is not sufficient to cover their mortgage, the lender may lose. Managing that downside risk is always important for a lender. That brings us to what we watch in the real estate market to manage our mortgage business. Experts always say that all real estate is local, and so it is important for lenders to watch all the real estate markets that they are exposed to. That includes all those economic drivers we have already covered and extends to those variables on real estate supply, demand, and their resulting effect on prices. Real estate is no more complex than other commodities in terms of how supply and demand affect prices. How it is different is noteworthy though: no one property is identical to any other, even identical floor plan houses will have a location difference, and when it comes to the resale market, the differences between houses begin to be vast when variables such as maintenance, styles, streets and neighbourhoods change over time.  Every lender cares about the individual value of the property they are lending against, and once that decision is made and funds are lent, we watch the general market for both clues to see where the value of that asset is likely going, as well as helping us determine if the new loans we write are at the correct loan to value. To do that properly, we pay attention to the benchmark or average prices. Sometimes this is not descriptive enough to know what is happening in the market, so we look more closely at different price categories or housing types. We also look closely at supply versus demand, which can be found in the sales to new listing ratio or absorption rates. There is an annual cycle to the market in Alberta, as in most provinces, and supply as well as sales do tend to both increase in the spring market and trail off in the summer. So, it is important not simply to watch what supply is doing compared to the previous month, but compared to the previous year. We find it helpful to have this graphed to observe not just the trend compared to the previous year, but compared to several years past. Another clue to supply or demand trends is the average days on market listings experience. Watching the market’s month to month trends are useful to see if it is following the trends we have experienced over the previous few months, and question whether you have a new change in trend. Some traders of certain commodities watch market trends on a minute by minute basis, but the real estate market is rarely able to be managed more frequently than a month by month basis. A relatively slow moving market for such an expensive commodity is reassuring to both buyers and sellers, as well as to lenders. To the extent that the housing market can have a level of volatility, it is important to point out that both communities and certain property price ranges can be more volatile than others. As a mortgage broker, you experience this when lenders cut back the loan to value offered in certain price ranges, or towns, outlying areas or acreages. How can a lender manage their mortgages in the face of economic risk? A proactive way to manage risk is to react quickly by changing lending criteria as the economy shifts. The common levers we are all familiar with are credit scores, limiting mortgages for borrowers in specific industries, or job types, as well as limiting exposure to certain types of real estate. Favouring borrowers with stronger histories of income and job stability is another way to control go forward risks. Decreasing the total amount one borrower can borrow is another, such as limiting a real estate investor to only 5 doors. Some lenders will get even more specific in managing risks by removing entire product lines. Likely the single biggest factor to limit risk is by controlling the loan to value that money is lent at. The goal is to ensure that the real estate security will have sufficient value to more than cover the mortgage for no matter how long the mortgage stays on the books. The loan to value is controlled at the initial underwriting of the loan, and the only other time it can be controlled is at the maturity, where lenders can decide not to renew the loan.  A lender should watch the economic cycles it expects to see, and particularly watch for emerging trends that require more proactive risk management. Likewise, if a mortgage broker can do the same, they will not only appreciate why the lenders are making changes but also think ahead to the market segments they seek to market to and develop as clients. If you're interested in white-labeled version of our monthly Real Estate and Economic Report to send to your clients or have any thoughts or questions drop me a line at dale@chmic.ca #### Appraisal vs. Assessment As a real estate professional, homeowner or home buyer, it’s important to understand the difference between the ‘Tax Value’ (usually referred to as ‘Tax Assessed Value or Assessed Value’) and the ‘Appraised Value’ when trying to determine the Fair Market Value of a property. Many clients look at the Assessed Value (which is often publicly available online on your municipality’s website) and assume that the number provided represents the current market value. While there are a few instances where the Assessment might equal the current value, it is important to understand that this would only be a coincidence as both values are unique and are done for different purposes at different times. An appraisal is done to determine the current market value of a specific property on a specific date. The appraisal is usually done to satisfy a lender or a buyer. For a typical residential appraisal, the appraiser will be tasked with providing a valuation that represents the ‘fair’ sales price of the home if it were bought or sold today.  The definition of market value is what a reasonable buyer would pay in balance with other choices, and where they are neither highly motivated or casually motivated.  In other words, it assumes a hypothetical and perfect market, which exits only in limited circumstances. To complete an appraisal, the appraiser must prepare two approaches to value, and in a residential appraisal, this will include a direct comparison and cost approaches.  They will typically rely most heavily on a direct comparison approach to value. This process utilizes current market data including recent (usually within 3 months or less) sales on properties that are similar in style, size and location to the subject property. An appraiser uses these properties to compare them to the subject property. These properties are referred to as “comparables” or “comps”. Once the most appropriate comps are identified, the appraiser will adjust for differences such as: square footage, number of bedrooms and baths, updates, time of sale and location. Once these adjustments are made, the appraiser will use the information to arrive at the direct comparison value which will then be reconciled with the cost approach, to arrive at the final value for the home being appraised. The property tax assessment is a value placed on a property for municipal and provincial taxation purposes. The reason for the exercise is to ensure that each property owner pays their fair share of their property taxes relative to other property owners, based on their relative property values.  In Alberta, the current property assessment notice indicates the respective municipality’s estimate of your property’s market value (the amount it would have sold for in the open market) on July 1 of the previous year. It is also adjusted for any changes in physical condition as of December 31 of the previous year. Provincial legislation establishes these dates and requires that property assessed values be estimated every year. Municipalities assess each property annually to distribute fair and equitable taxation. The estimated value of each property comes from the measurement, analysis and interpretation of the real estate market and is governed by the Municipal Government Act. This process is based on mass appraisal models that are an expression of how supply and demand factors interact in the real estate market. Most residential properties within Alberta are assessed using the sales comparison approach to value which is similar to an appraiser’s direct comparison approach to value. Assessors use similar criteria that property appraisers use when estimating the value for a residential property. For example: style of home (bungalow, two-story or bi-level), size of lot, size of home, year built, basement or lower level finish, garage (size, detached or attached), building condition, fireplaces, air conditioning or other special features, neighbourhood, locational factors (proximity to amenities lakes, parks, river valley, commercial development and high traffic routes). Some information resources used by the assessors include: property sales data, Alberta Land Title office records and City records for permit and construction information. Municipalities assess the value of your property to calculate the amount of provincial education and municipal property taxes you pay proportionate to the value of the real estate you own. Therefore, what you pay is based on your home’s assessed value. For example, if the tax rate for a municipality is $13 per $1,000 and the assessed value of your home is $500,000, the tax for that year on the property would be $6,500 (($500,000 / $1000) X $13). The Tax Assessment is required to be performed at regular intervals one year apart in order to fairly levy annual taxes against real estate located in its jurisdiction. Its purpose is to provide a basis for collecting the taxes necessary to meet the annual budget, not to provide an eventual buyer with the price that they should pay for the property. In Alberta, Assessors are not required to hold any specific professional designation. Assessors have likely not seen the interior of each property they have assessed and in some instances the exterior hasn’t been reviewed recently. As a result, it is impossible for an assessor to accurately consider recent property improvements or the property’s current condition, including deferred maintenance or need for important repairs. Again, much of their information is taken from public record and may not necessarily be current or accurate for estimating current market value. In Alberta, tax assessments are always between 6 months to a year and a half old since the effective date of the assessment is July, and only published in January or February of the following year. In other words, if you review a tax assessment in December 2017, the market value will be as of July 2016.  As we know, the only consistency with regards to Alberta real estate values is its always changing.  The lag time is one reason why the assessed values of a home are often different than a current appraised value. Another reason is that a property may be updated/renovated, in need of renovations or has another issue not considered by the municipal assessor. Home owners are likely to better remember the highest tax assessment of their property than the most recent number.  In estimating the market value of the property, it is useful to first take the tax assessment into account, then adjust for what you know has occurred in that local real estate market since the assessment date in July of the previous year. As mortgage professionals, market values have significant implications for our clients. If a house appraises for lower than the estimated value, the lender may lower the amount of the loan. For a purchase, the buyer may not be able to or willing to increase the down payment to make up the difference which may result in a renegotiation, or, worse, the deal could fall apart. For a refinance, the lender may lend less than the borrower needs or not at all. Like everything in real estate, education is key. As a real estate professional, it is important to educate your clients. Understanding the difference between assessed value and appraised value is yet another tool for your kit. #### Appraisal Vs. Assessment in Ontario One of the important yet misunderstood concepts about property value is the difference between “Appraised Value” and “Assessed Value.” Whether you’re a real estate professional, homeowner, or home buyer, it’s important to understand the difference between the “Assessed Value,” also known as “Tax Value” or “Tax Assessed Value,” and the “Appraised Value” of a property. The terms can be confusing, and although there are some similarities, the two values have different purposes and meanings. In certain circumstances, the Assessed Value amount may be similar to the Appraised Value number, or significantly different. Let’s look at Assessment vs. Appraisal in Ontario. What is Appraised Value?Appraisals are done to determine the current market value of a specific property on a specific date. Here are some important facts about appraised values: Appraisals are usually done to satisfy a lender, buyer or seller. For instance, an appraised value is done before, buying a property, taking out a mortgage on a property you intend to buy, or drawing equity out of a property you already own. A typical residential appraisal provides a valuation that represents the “fair” sale price of the home if it were bought or sold today. The definition of market value provided by an appraisal is what a reasonable buyer would pay in balance with other choices, and where the buyer and seller are equally motivated. Appraisals therefore assume a hypothetical and perfect market, which exists only in limited circumstances. An appraiser must prepare two approaches to value, and in a residential appraisal, this will include a direct comparison and a cost approach. Appraisers will typically rely on a direct comparison approach to value. This process utilizes current market data including recent (usually within 3 months or less) sales on properties that are similar in style, size, and location to the subject property. An appraiser uses these properties to compare them to the subject property. These properties are referred to as “comparables” or “comps”. Once the most appropriate comps are identified, the appraiser will adjust for differences such as: square footage number of bedrooms number of baths updates to the property time of sale location There are five key factors that affect your property's value: (85% of the value of a property) Age of the buildings on the property. Total square footage of living area. Location of your property. Size of your lot. Quality of construction, renovations *extras such as air conditioning, deck, patio are also adjusted for and are more minor in relative terms. Once these adjustments are made, the appraiser will use the information to arrive at the direct comparison value which will then be reconciled with the cost approach, to arrive at the final value for the home being appraised. If you’re buying or selling a home, the appraised value will not necessarily be the final sale price. But that home appraisal impacts certain things such as the ability to get a mortgage. *Financial institutions can only lend up to the appraised value and no more. For example, if you wish to purchase a home for $600k and the appraised value is $500k the institution will base the loan on the appraisal of $500k, and you will have to come up with the difference. A professional appraiser in Ontario has gone through specific training on how to do real estate appraisals and acts as an independent, impartial, third party. For instance, the Appraisal Institute of Canada – Ontario branch would identify designated appraisers for residential, commercial, industrial, and investment-type properties. Once complete, the appraisal helps to inform a lender, whether you will be taking out a mortgage, drawing equity out of your home, or refinancing your mortgage for a loan with more favourable terms. In most instances, when buying or selling a home, the real estate agent will prepare a Comparative Market Analysis (CMA) to establish fair market value of a home. This analysis uses a simple comparison approach (similar to an appraisal) and would be used to help establish a price range for selling or buying a home. That’s not the same as having a professional appraiser value your home, and lending institutions would not accept a CMA as an appraisal. What is Assessed Value?The assessed value or tax value is the value placed on a property for municipal and provincial taxation purposes. Here are some important facts about the property tax assessment or assessed value: Most municipalities will provide information online showing the assessed value of properties. Properties are given an assessed value to ensure property owners pay their fair share of property taxes relative to other property owners, based on relative property values. Many clients assume this number represents the current market value, which is not the case. The indication of value of your property varies from province to province. In Ontario, the Assessment Act designates the Municipal Property Assessment Corporation (MPAC) as Ontario’s only “assessment authority.” MPAC conducts a province-wide assessment update every four years, providing estimated property values as of a specific date,  property classifications for taxation purposes (residential, farm, commercial, etc.), and any exemptions from assessment that may apply. Then, property taxes are calculated using the assessed value of your property and multiplying it by the combined municipal and education tax rates for your class of property. Your property tax is proportional to the value of your property, and therefore your property tax is progressive, meaning those with higher assessed properties pay higher property taxes. Municipal or local taxing authorities set municipal tax rates and collect taxes to pay for your municipal services. Property assessors in Ontario use a process called mass appraisal to determine property values. Mass appraisals use similar criteria as residential appraisers to estimate the value for a residential property, including property sales in the area, and factors such as location, age of the building, renovations, lot dimensions and more. What are the Key Differences between Appraisal vs. Assessment?While some of the assessment criteria in an appraisal vs. an assessment may be similar, they are not the same. But the main difference between appraisal vs. assessment can be summed up in two ways: Their purpose:  Appraisals are done for several reasons, examples of which include purchase or sale of a property, and financing linked to the property. Assessments are specifically done to equitably distribute the municipality’s property tax burden. Who conducts them: Appraisals are done by independent appraisers who are typically hired by the property owner or lender. AIC is one source of appraisers. Assessments are conducted by those authorized to do so, which in Ontario is MPAC. Assessments are not as accurate generally as appraisals in the following situations: Rapidly changing market conditions Recent renovations Renovations done without a work permit The Bottom Line For real estate professionals and investors, market values have significant implications for us. If a house appraises for lower than the estimated value, the lender may lower the amount of the loan. For a purchase, the buyer may not be able to or willing to increase the down payment to make up the difference which may result in a renegotiation, or, worse, the deal could fall apart. For a refinance, the lender may loan less than the borrower needs or not at all. For real estate professionals, investors, homeowners and borrowers, education is key. It’s important to understand the difference between appraisal vs. assessment, or appraised value and assessed value. #### ARV in Real Estate: What After-Repair Value Is and Why It Matters for Real Estate Investors After-Repair Value (ARV) is the estimated market value of a property as if all planned renovations or improvements are completed. Unlike a prediction of future market value, ARV is calculated under the extraordinary assumption that the renovation is completed exactly as planned and under the hypothetical condition that the property is already in its completed state on the date of valuation. For example, if you purchase a property for $350,000 and the value of the property as if renovations were complete is assessed at $500,000, the estimated ARV is $500,000. Because ARV does not account for future market changes, timing matters. The longer the gap between determining ARV and listing or refinancing the property, the more likely market conditions may shift – positively or negatively. This is one of the many reasons why completing flip projects quickly is crucial for real estate investors. For real estate investors, ARV is a crucial number in deal analysis because it helps you understand potential profit, funding needs, and whether a project is worth pursuing. That ARV number guides almost every subsequent investment decision. How ARV Is Determined ARV reflects what the property could realistically sell for as if the planned renovations were already complete on the date of valuation – not what the market may be in the future. Lenders, appraisers, analysts, and real estate investors typically calculate ARV using: Comparable renovated sales (“comps”) Your planned scope and quality of work Market trends and neighbourhood demand The property’s features, layout, and potential resale appeal Understanding ARV helps you determine: Your maximum purchase price How much you can spend on renovations Your projected profit Whether selling or refinancing makes more sense Why ARV Matters for Real Estate Investors ARV is the foundation of a profitable Flip or BRRR (Buy, Renovate, Rent, Refinance) strategy. Without a clear ARV, it’s challenging to evaluate whether a deal created enough equity, if the renovation budget makes sense, how much leverage you can safely take on, and what your exit strategy should look like. ARV helps you understand both risk and opportunity, allowing you to compare deals more confidently and avoid overpaying. It’s also important to understand what ARV does not represent. ARV is calculated under the extraordinary assumption that the renovation is completed as planned and the hypothetical condition that the property is already in its completed state on the date of valuation. It does not forecast what the property will be worth weeks or months later when the renovation is actually finished. Because market conditions can shift – either positively or negatively – it’s important to re-check comparables before listing or refinancing, especially if renovation timelines extend. This is one of many reasons completing flip projects efficiently is so critical. Want help running the numbers? Try our free Flip Analyzer Tool designed for the Alberta and Ontario real estate markets to estimate ARV, renovation budgets, potential profit, and more. Additionally, our free Renovation Checklist can help you organize your scope of work and avoid missing key items that impact your ARV. ARV vs As-Is Value: What New Real Estate Investors Often Miss Many real estate investors confuse these terms: As-Is Value = what the property is worth today After-Repair Value = what the property could be worth as if the renovations were complete today (under a hypothetical condition and extraordinary assumption). ARV is not a projection of what the property will be worth once you finish the renovation weeks or months later. Actual market conditions at the time of listing may differ. Traditional lenders focus almost entirely on the as-is value or purchase price, which limits the amount you can borrow. ARV-based lenders, such as Calvert Home Mortgage, look at the potential of the property, not just the current condition. How ARV-Based Lending Supports Strong Real Estate Deals At Calvert Home Mortgage, we utilize ARV on Flip and BRRR mortgages, which helps you: Access higher loan amounts based on the value as if renovations were complete Reduce your upfront cash requirement, keeping more capital available Fund more of your renovation, carrying costs, or additional opportunities Move quickly on discounted or distressed properties Stay flexible if timelines or plans shift ARV-based lending is especially powerful when you’re buying below market value or creating significant equity through improvements. How ARV Fits into Flip and BRRR Financing Whether you’re flipping a property or planning a BRRR strategy, your success often depends on buying at the right price, renovating with the right budget, and selling or refinancing at the right time. ARV acts as the anchor for your success. It gives you a realistic sense of whether you’ll make a profit, how much cash you’ll need, what your returns might look like, and how much leverage you can safely take on. Because ARV is central to both acquisition and exit planning, understanding it early in your analysis helps ensure your numbers and your strategy are realistic. How Calvert Home Mortgage Used ARV to Support Real Estate Investor Success When you’re flipping a property or completing a BRRR, you need financing that aligns with the value you’re creating, not just the property’s current condition. That’s why Calvert Home Mortgage integrates ARV into our free in-house valuations for Flip and BRRR mortgages. Instead of lending solely on the purchase price or “as-is” value, we review: Your renovation scope and timeline Comparable renovated sales Neighbourhood demand and market conditions The property’s characteristics and after-repair potential By evaluating the full potential of the project, we can structure financing that works with your investment strategy. This approach supports features such as: Low down payments (as little as $10K in AB & ON) Financing based on the value as if renovations were complete, not just today’s as-is value based on purchase price Interest-only, fully open terms to support short-term projects Fast closings, with no third-party appraisals required on properties up to $1.5M Flexibility if renovation timelines or scopes change. Using ARV helps ensure your financing reflects the real value you’re building into the property. The result: more leverage, more liquidity, and more room to scale your business. The Bottom Line: How ARV Supports Profitable Flip and BRRR Projects ARV provides a clear picture of the estimated value your project could achieve if the renovations were complete today, exactly as planned, helping you assess whether the numbers support a profitable Flip or BRRR. When your financing aligns with the property’s completed value (ARV), you gain more leverage, keep more cash in your pocket, and scale your business with greater confidence. Whether you’re implementing a Flip or BRRR strategy, understanding ARV helps you make smarter, faster, and more profitable decisions. Ready to run the numbers on your next Flip or BRRR? Whether you’re analyzing a potential deal or preparing for your next purchase, our team is here to support you with fast, flexible financing built for real estate investors. Contact us today to discuss your next opportunity. FAQs: ARV for Real Estate Investors Q: What is ARV in real estate investing? A: ARV (After-Repair Value) is the estimated value of a property as if renovations are completed. It helps real estate investors determine profit potential, renovation budgets, and exit strategies. Q: How do you calculate ARV? A: ARV is typically calculated using comparable renovated sales (“comps”), the renovation scope, market trends, and the property’s layout and features. Q: Why is ARV important for flip and BRRR projects? A: ARV estimates whether a deal is profitable, how much equity you can create, and how much financing you can access. Q: Do all lenders use ARV? A: No. Most traditional lenders use the purchase price or as-is value. ARV-based lenders, like Calvert Home Mortgage, consider the value of the property as if renovations were complete when providing Flip and BRRR financing. Q: Does ARV predict what my property will be worth in the future? A: No. ARV is not a future-looking or predictive value. ARV assumes the renovation is already complete on the day the valuation is performed. It does not account for market changes that may occur between the date of valuation and the date you actually list or refinance the property. Because real estate markets can shift due to both micro and macroeconomic factors, real estate investors should reassess the market before listing or refinancing, especially if renovation timelines run long. #### Benefits of Getting Your FSRAO Mortgage Agent Level 2 Licence There are many benefits to getting your FSRAO Mortgage Agent Level 2 licence, particularly when partnering with the team at Calvert Home Mortgage, a leading alternative short-term mortgage lender in Ontario and Alberta. Here’s why it’s a strategic move: As an Ontario Mortgage Agent Level 1, your ability to support clients is limited by the types of lenders and mortgages you can access. However, earning your Financial Services Regulatory Authority of Ontario (FSRAO) Mortgage Agent Level 2 licence can significantly broaden your opportunities. This licensing framework not only allows you to serve a wider range of clients but also positions you as an expert in alternative mortgage lending – a sector that continues to grow in demand.   Expanded Lending Opportunities and Support a Broader Range of Clients As a Mortgage Agent Level 1 agent, your lending activities are restricted to institutional lenders such as banks, credit unions, and CMHC-approved organizations. While this limits access to alternative lending, you can still support clients in alternative mortgage scenarios by partnering with a Level 2 Agent or Broker. You would simply need to refer them to colleagues with the required credentials to facilitate alternative lending. However, with a FSRAO Mortgage Agent Level 2 licence, you can deal with both institutional and alternative lenders. This opens the door to arranging mortgages for clients who don’t fit traditional financing profiles, such as self-employed borrowers, those seeking funds for investment properties, and clients seeking short-term solutions. As a result, you can support clients with a wider range of mortgage needs, including: Short-term mortgage solutions for flips or BRRR (Buy, Renovate, Rent, Refinance) projects Quick funding for unconventional property purchases Flexible lending options for Real Estate Investors looking to expand their portfolios And much more! At Calvert Home Mortgage, we specialize in providing these types of alternative short-term mortgage solutions, making us an ideal partner for Level 2 agents. Enhanced Expertise in Alternative Lending To transition from a Mortgage Agent Level 1 to Level 2, FSRAO has established specific eligibility criteria, education requirements, and an application process. These details are outlined here. These requirements ensure you have the necessary knowledge to navigate the complexities of alternative lending, including compliance, risk management, and fraud prevention. By demonstrating this expertise, you not only meet regulatory standards but also build trust with clients and lenders, positioning yourself as a go-to professional in the alternative mortgage space. Greater Earning Potential and Business Growth FSRAO Mortgage Agent Level 2’s can access a broader pool of lending opportunities, which can translate into more deals. Additionally, alternative mortgages often involve specialized arrangements, and clients value agents who can offer unique solutions, making your services more sought after. Staying Ahead of Industry Changes and Regulatory Updates The introduction of the Level 2 licence is part of FSRAO’s effort to enhance consumer protection and elevate industry standards. By upgrading your licence, you stay informed of these regulatory changes and demonstrate your commitment to your clients. Partner with Calvert Home Mortgage to Grow Your Business By upgrading to a FRSAO Mortgage Agent Level 2 licence, you’ll open doors to exciting opportunities in the alternative lending space. At Calvert Home Mortgage, we’re here to support you and your business growth and provide valuable solutions to your clients. Click here to book a Broker Presentation and learn more about how we can support you and your business in Ontario. #### Breaking Bad With Collateral Mortgages Collateral mortgages are pushed heavily by the banks because they benefit the banks. What’s wrong with them from a consumer standpoint? Nothing, provided you never need to borrow money in a second mortgage position, if you never get into trouble with your payments, or with any of your debts with that bank. Collateral mortgages tie you to your bank and block taking out other equity in your property; they also give the bank extra power to demand the full balance or begin foreclosure much more quickly. What is a collateral mortgage? There is a lot to explain about collateral mortgages and what I’ve mentioned above. Let’s start with what a collateral mortgage is. While a standard or regular mortgage is the only security for the debt, in a collateral mortgage, the debt instrument is in fact a promissory note or other loan agreement, and the mortgage is registered against the property to ‘collaterally secure’ that debt, meaning your house is extra security for the loan. It’s a very subtle difference, and the key advantage to the bank is that in this type of loan, it is payable in full on demand, whereas in a regular type of mortgage, it is only payable on maturity, or the end of term date. In other words, if a borrower misses a payment in a regular mortgage, they have the right and ability to make that payment up, and if they do, the bank must honour that mortgage agreement to the end of the maturity. Conversely, in a collateral mortgage, if a payment is missed, and if the bank so chooses, they may call the entire loan immediately (meaning all the interest and principal is payable in FULL), and the term end date is irrelevant to the agreement. By the way, the lender in a collateral mortgage can call the entire loan for any reason outlined in their mortgage that the borrower is off-side on, such as non-payment of property taxes, non-payment of insurance, non-payment of condo fees, and there may also be other terms of default that are outside of your control. Such as in one bank’s collateral mortgage it states that the death of either partner to the mortgage is considered a default of the loan. The key difference is that if a borrower is in default of their standard mortgage, provided their mortgage term is not imminently expiring, then they will have time to restructure their finances, and get up to date, and then they have a chance to renew with their lender, or find a new mortgage. In the case of a collateral charge, the bank can immediately call the loan, send their file to a lawyer for collection, and proceed with foreclosure. The courts will still give the borrower time to restructure and redeem, however once a foreclosure is launched, then other lenders may be far less interested in helping the borrowers, or may only do so at higher rates, or increased fees. To compound the issue, in the case of a standard mortgage charge on title, the borrower can normally seek and negotiate a second mortgage behind the first mortgage to restructure debt, get condo fees or property taxes up to date, or resolve other financial problems; whereas in the case of a collateral charge mortgage, most second mortgage lenders will not lend in second position behind those charges on title.  I’ll get into the specifics of why later in this article. Another key difference between a collateral mortgage and a standard mortgage is that a collateral mortgage is often registered above the amount initially advanced to the borrowers. There is one Lender who will suggest registering the loan on title for the full amount of the value of the property; another Lender will register at 125% of the value of the house! In the case of a standard mortgage, it is registered nearly always for the amount that is advanced to the borrower. A very common consumer issue with this higher registration is that all too often the offer of mortgage, or commitment letter, isn’t clear that the actual mortgage to be signed is far above the amount of debt being offered to the borrower, leaving lawyers to explain to their clients why they are signing a higher mortgage than they are receiving, and at a very late stage in the game. Since financing a home can be a lengthy process with many lenders, this often leaves consumers feeling they are too late to negotiate or change lenders. There is a treasury branch which allows the borrower to request only registering the collateral mortgage for only the initial advance amount. In those cases, they clearly state the choice to register for a lower amount, down to the advanced amount, in the offer of mortgage stage which is great, however the full effects and costs to the consumer of a higher registration are not provided for the consumer to make an informed decision.  It is important to note, by the way, that even if the mortgage registration is only done at the amount also advanced to the borrower, it will nevertheless continue to be a collateral mortgage charge in all other respects (such as due on demand). Why would a lender register their collateral mortgage for more than they are approving a borrower for? They tell the customer that if they ever wish to apply for more credit, this will allow them to be approved and get an advance of more money without having to go through the mortgage signing and registration process again. From the lender’s point of view, this means they have a better opportunity to retain you as a client: they want the first chance to approve you for a higher loan. The problem is that if they do not approve you for more, then you likely have to take your entire mortgage elsewhere to get more credit, and normally speaking, if your lender has declined you for more credit, many of the other lenders will have the same response. If another lender approves you then you are free to move your business, but if you are not approved, since secondary lenders won’t lend behind collateral charge mortgages with higher registration amounts, you might be in a position to be forced to move your entire first mortgage to a lender who charges a higher-level rate of interest. This can represent a very significant cost to you. How are collateral mortgages structured? Another stroke of brilliance on the part of lenders in their design of collateral mortgages, is that they effectively secure all of a borrower’s debts, including credit cards and unsecured lines of credit, car loans, and even overdraft to your collateral mortgage, if they are all with the same institution. The collateral mortgage often even secures any, and all, FUTURE debts the borrower may receive from that bank. As an example, if you have a collateral mortgage product from a bank, and you also have your car loan with them, your credit cards, other lines of credit, then ALL of those debts can be considered secured against your home under your collateral mortgage. If you default on any one of those debts, then you could also be in default of your collateral mortgage; if the loan is called, and if the house is sold, the bank is allowed to require that ALL debts be paid from the sale of the home. This is a legal stroke of brilliance on the part of the bank; they can have the security of your home for ‘unsecured’ debts, that they do not charge you less for, as they normally would if the debt was directly secured against such great security of your house. Not to mention that the banks have really increased their ability to collect, and quickly, if there is a major negative financial event in the borrower’s life that causes them to act. Perhaps most concerningly, strictly speaking, the bank doesn’t need to justify their reason for calling a demand loan such as a collateral mortgage. Of course, the lender genuinely wants to keep your business and continue to collect interest from you, so they are not likely to call a collateral mortgage loan for no apparent reason. Despite a borrower’s best efforts however, life circumstances can affect our financial situations: the loss of a job, the illness of a loved one (particularly a financial contributor in the household), a business failure, or a host of other situations can impact a borrower’s ability to make mortgage payments. If your credit took a plunge, even if your debts with that bank were unaffected, your bank could deem you to be an increased credit risk and have the right and ability to proactively call the collateral mortgage loan at any time. Standard mortgages are not built the same way: your mortgage term in a standard mortgage is set in contractual stone, and may not be called to be paid out immediately in between the term dates for any reason other than a promise you made in the mortgage; which is normally the payment terms to the lender, your property taxes or your condo fees. The lender can’t call a loan in a standard mortgage for no reason: they would have to justify that reason, to you, and the courts. Why wouldn’t a second mortgage lender be willing to lend in second position to a collateral mortgage? The simple answer is because the powers of a collateral charge mortgage are so powerful that they can push the second lender to a higher loan to value than the second lender may have a comfort to. Second mortgage lenders know that all debt to that bank is effectively ahead of them on title. Worse yet, all FUTURE debts to that institution are ahead of them on title. A secondary lender can be effectively left with no security for their loan at all, and it is not in their control. Conversely, in the case of a standard mortgage, the mortgage document clearly outlines the terms of pay down of the mortgage. There is a high level of predictability for secondary mortgage lenders because the terms of the standard mortgage pay down is clearly outlined in the agreement. In the case of a collateral mortgage, it can contain several lines of credit, it can also contain one or more portions that appear to be a standard mortgage as well, but even if they do, it doesn’t change the fact that the whole agreement is a collateral charge mortgage. Another important difference between these two types of mortgages is that in the case of a collateral mortgage charge, the loan agreement is specifically with you, the borrower, and therefore it can never be switched to another lender. In the case of standard mortgage, the document registered at land titles is the important document that contains virtually all the information that any other lender would want to see take over that mortgage; to transfer it to themselves. In the case of a collateral mortgage, the loan agreement isn’t necessarily even registered at land titles and will have been specifically written by and for the bank extending the loan(s), so it is not going to be transferrable to any other lender. This is another way that the lender protects their business with you: they make it harder to switch away from them. You are still free to move your business to another lender, there is simply increased costs for the new lender to re-register the new mortgage on your title. The bank has you at their whim for your collateral mortgage rate. Under a standard mortgage, your mortgage rate is set for the entire term of your mortgage with your bank and cannot be changed until the term end date (maturity). In the case of a collateral mortgage, the bank can unilaterally set a new rate of interest at any time of their choosing. In fact, many banks will offer a collateral mortgage rate of a lower amount, but what is registered on your title is something like “prime plus 7%” or even “prime plus 12%”. In other words, the bank is protecting themselves to charge as high as that rate of interest that they put on your mortgage document. If a collateral mortgage has a fixed mortgage portion (payments of principal and interest at a set rate of interest and a set term), then it is possible that this portion of the loan may not have an interest rate change until the end of the term: have your lawyer read and interpret this for you if this is important to you. The implications of this issue are massive: the bank would be at liberty to charge a higher rate of interest at any time that they believed their risk has increased, or even simply give you notice in writing of an increase without justification or negotiation with you, the borrower. Circumstances outside of the borrower’s control or even related to their actions might cause a significant change in the rates being offered. The certainty of rate offered in standard mortgage charges, whether fixed or variable, is much greater than what is offered in collateral mortgage charges. Why would variable have greater certainty than collateral mortgages? Because in a variable rate mortgage, the formula for their rates are set against the bank’s prime lending rate, whereas in collateral charge mortgages, the bank can set the rate of interest of that individual mortgage and can do so without your agreeing to it - because in essence, you’ve already agreed to a much higher rate by signing the mortgage contract. So why would anyone agree to a collateral charge mortgage? This writer thinks that collateral charge mortgages have their place. The flexibility they can offer a borrower can be enticing. For instance, having several lines of credit attached to the mortgage facility, getting the benefit of making that debt available to the borrower as the fixed mortgage is paid down can be valuable to a borrower. For those who have a very low likelihood of financial vulnerability, in other words have a low risk of a life event that could cause interruptions in payments of any of their debts, or a sufficient net worth that they could liquidate investments to cover debts if necessary, then the risk may not be very significant for them. Also, you should be a person who has an above average knowledge of how to manage your credit and keep it in good standing, if you agree to a collateral charge mortgage. You should be a person whose financial situation isn’t vulnerable to another individual’s poor financial management: for instance, consider life or business partners, who if they happened to poorly manage their financial position could affect your own financial situation significantly enough to cause pressure on you and your finances. Standard mortgages and collateral mortgage can be very simple: in a perfect world, with little or no risk of problems, they both function in benefit to the bank and the borrower alike. Sadly though, we just don’t live in a perfect world, and neither can we predict all the twists and turns that life may take in the future. If you have a high threshold for risk and if you are prepared to understand how to manage these risks, collateral mortgages may offer you the flexibility you want, and it might be acceptable for you and your family. In the clear majority of cases however, I believe that collateral mortgages are simply not the right fit for most Canadians. Collateral mortgages are not the same from bank to bank and lender to lender. They say the devil is in the details, and whether you choose a standard mortgage or collateral mortgage, there are a lot of details to review and understand. Standard mortgages have been around in the market for a very long time, and while the individual agreements have changed and evolved over time and separately in each jurisdiction, they have been tested in court much more often than collateral mortgages have. As with any legal agreement, your individual circumstances must be taken into account before agreeing to any contract. This article isn’t intended to be taken as legal advice, and more importantly, even the best legal advice won’t absolve you from understanding your own risks and how to best manage your individual risks. Your mortgage broker and your lawyer should be consulted to help you determine the right questions you need to ask yourself and your family, so you can make an informed decision. #### Bringing Transparency To Private Lending The new Mortgage Rules are making it harder for you to get your clients a mortgage.   As a result, more and more mortgage professionals are using private mortgage lenders to help their clients achieve their goals.  To best help your clients, it is important to understand how private mortgage lenders operate, how the pricing works and the associated costs to ensure what you promise your customers come to fruition, with no surprises. Who are Private lenders? To put it simply, any person or company who is not a bank or trust company and is lending money can be a private lender. The “who” of private money has changed over the last decade: there are numerous private lenders whose main business is lending money, and who manage large to small portfolios of mortgages. There are also individuals who lend their own or other people’s money part-time. There are three basic types of private lending structures. 1. Funds: Mortgage Investment Corporations (MICs) or Mutal Trust Funds 2. Syndicators 3. Private individuals How your lender is structured will influence service, product and price offering. As an illustration, let's consider a loan priced at 10%, with both the lender fee and interest rate combined. The combinations of interest and fees can vary depending on the source. Funds: Mortgage Investment Corporations (MIC) or Mutual Trust Fund. There are funds with no management company in which all interest and fees earned go into the one entity as revenue. In this structure, the fund would have flexibility on how the rate and fee are split. Thus, if the borrowing client is fee sensitive, the lender can offset their pricing to accommodate the borrower by adjusting the rate upwards. For example, offering a fee of 1% and rate of 9% rather than a fee of 3% and rate of 7%. The other fund structures have a separate management company in which the interest rate is earned by the Fund, and the fees are earned by the management company. The management company may also charge the fund a fee for the total mortgages under management. In this structure, the fund may have less flexibility on how the rate and fees are split. For example, the fund may be mandated to charge 2% as a fee and would not be able to adjust this pricing to accommodate the borrower’s request for changes. Funds traditionally have greater access to capital, bank financing and loans which are paying out all the time, so there are efficiencies in operations to allow for better pricing and service to you and your clients. Syndicators A syndicated mortgage is a partnership involving two or more investors in a specific mortgage. A mortgage syndicator will pool investor’s funds to lend on a single mortgage loan. In mortgage syndications, interest is typically earned by the lender partners, and the fees are typically earned by the management company who put the syndication together, and the management company could additionally charge the lender partners for management of the syndication. In this structure, the Syndicator may not have the flexibility on how the rate and fees are split.  For example, the manager of the syndication may be mandated to charge 2.5% as a fee and would not be able to adjust this pricing to accommodate the borrower’s fee sensitivities. The syndicator’s sources of capital can be less readily accessible and may require more time to source than a fund’s. Syndicators tend to have smaller volumes which can have an impact on service. Private Individuals In the case of these lenders, all interest and fees earned go to the one individual lender as revenue. The individual would have flexibility on how the rate and fees are split as they earn both. Thus, if the borrowing client is fee sensitive, the lender can offset their pricing to accommodate the borrower by adjusting the rate up, and the fee down. For example, offering a fee of 1% and rate of 9% rather than a fee of 3% and rate of 7%. Private individuals will likely have less capital available and will not have the resources to service mortgages the same way that larger operators can. Comparing mortgages When it comes to pricing and costs, there are costs that can be included in a private mortgage that needs to be considered by you, the mortgage professional, and the borrower. Private mortgage pricing is not uniform across the industry, and thus you should expect distinct requirements from each lender as to their pricing, terms, conditions, and fees. It is important for you to understand your lender’s commitment letter and what costs your borrower will be responsible for. Some of these costs include: - Appraisal - Legal - Site inspections - Standby fee - Pre-payment penalties - Renewal fee It is important to understand all costs to compare one lender’s offering to another, and indeed to ensure your client’s needs are being met. When agreeing to a private mortgage, it is very important to understand your borrower’s situation and what's important to them.  The majority of clients are focused on the interest rate, and certainly the total cost, and justifiably so. It is also important to determine other factors that will assist the borrower to achieve their objectives. To get the most cost-effective option you must consider: how the borrower plans to payout or refinance the mortgage and what is the anticipated timeline to exit the mortgage. The sooner the private mortgage loan is paid out or replaced; the less expensive the financing will be (depending on pre-payment penalties); as such, the most significant avoidable costs, or at least costs that have the potential to be reduced, associated with private loans are early payment penalties and renewal fees. Other costs/fees include NSF charges, Legal costs, Appraisal costs, Compounding rate calculation (compounding semi-annually vs. compounding monthly), Default fee, Insurance default fee, Site inspection fee, and Standby fees. Let’s review a couple of examples of some more commonly charged fees and how they impact pricing as a whole. Here we will look at appraisal costs, legal costs, and renewal fees. Example 1 Let’s say your client is purchasing a home for $484,849 (the average sale price of a single-family house in Calgary) and requires a mortgage at 75% Loan to value (LTV). This first mortgage loan equals $363,636.75, rounded to $364,000. You have generated two competing loan offers; Private Lender #1 is offering this loan at a rate of 10% and does not charge appraisal costs, legal costs, or renewal fees. Private Lender #2 is offering this loan at a rate of 9% and charges appraisal costs of $500, legal costs of $1,500, and renewal fees of 1% ($3,640). The two options are non-amortized loans with simple interest payments. In this example, the borrower holds the mortgage for 14 months, at payout the total borrowing cost for Private lender #1 is $42,466.67 while the total borrowing cost for Private lender #2 is $43,860. If we were to calculate the total annualized rate, lender #1 remains at 10% while lender #2 ends up a total annualized rate of 10.3%. Please see table below: Example 2 Now let’s look at a different example to outline the impact of prepayment penalties. Fully open loans will typically be priced at a premium versus closed loans with payout restrictions, this is due to the lender having the uncertainty of their capital coming back early via early repayment. Again, using 75% LTV of $484,849, then rounded to $364,000 and the loan being non-amortized with simple interest payments. Private Lender #1 is offering this loan at a rate of 10.9% with no early payment restrictions or penalties. Private Lender #2 is offering this loan at a rate of 9% with a 3-month early repayment penalty. In this example, the borrower holds the mortgage for 7 months, at payout the total borrowing cost for Private lender #1 is $23,144.33 while the total borrowing cost for Private lender #2 is $27,300. If we were to calculate this as total annualized rate, lender #1 remains at 10.9%, while lender #2 ends up being the more expensive option for the borrower with a total annualized rate of 12.9%. Please see table below: It is important to note that the effective rate of interest calculation does not take a prepayment penalty into account on most disclosures. As Mortgage Associates, we are all trained to consider the effective rate of interest (APR), but many do not recognize that penalties are not included in the calculation (because they can’t be predetermined for a specific payout date). Conclusion The better you know your private lending partners and what their full product, servicing and pricing model is, the better equipped you will be to serve your borrowing clients when the banks can not. It is important to keep in mind the various fees and charges related to a private mortgage loan and that these will differ from lender to lender.  In order to best serve your clients and place them with the lender who will be the most cost-effective it is important to keep abreast with these cost structures. A private mortgage loan will not be appropriate for all borrowers, and the better you know the offerings of the lenders, the better match you will be able to make for your clients who will benefit from a private lender, and in turn, you can grow your business #### Calvert Home Mortgage Celebrates Major Milestone Update November 2024: Calvert Home Mortgage Investment Corporation is thrilled to announce our recertification for Canada’s Most Admired Corporate Cultures Award program. As a 2022 winner, this marks our third consecutive year of receiving this recognition. We remain committed to fostering a strong, supportive, and thriving corporate culture that empowers our team and drives our continued success. Update November 2023: Calvert Home Mortgage Investment Corporation has been recertified for the Canada's Most Admired Corporate Cultures Award program. As a 2022 winner, we are proud to be recognized for this award for the second year in a row, having demonstrated our commitment to preserving and strengthening our corporate culture this past year. __ Calvert Home Mortgage Investment Corporation has been named one of Canada’s Most Admired Corporate Cultures for 2022. The honour was bestowed by Waterstone Human Capital, Canada’s leading cultural talent management firm. Waterstone’s national program recognizes best-in-class Canadian organizations for “fostering high performance corporate cultures that help sustain a competitive advantage.” “I’m so proud of the whole team for this accolade,” said Calvert Home Mortgage President/CEO Dean Koeller. “Being recognized for our people and culture really means so much to us, as it’s what makes us different from the rest of our industry. As we celebrated this incredible milestone, team members shared their stories about our culture. They seem to agree that being at Calvert helps them be the best version of themselves.” Calvert Home Mortgage is an Alternative Mortgage Lender, offering short-term real estate financing to the Alberta and Ontario markets. This family-run business was founded by Everett Koeller over 45 years ago. His sons, Dean and Dale, have continued the family legacy. Calvert Home Mortgage earned the Canada’s Most Admire Corporate Cultures of 2022 in the Emerging Category, which is for companies with over 25 employees and revenues between $5-25 million. https://youtu.be/ZhHa1jOGswA Excellence in Six Categories In winning this award, Calvert Home Mortgage demonstrated excellence in six key performance areas: Vision and Leadership Recruitment and Hiring for Fit People Development and Talent Management Cultural Alignment and Measurement Corporate Social Responsibility Organizational Performance The family values of the Koeller family are reflected in the company’s core values: Commitment, Authenticity, Respect and Education-or CARE. “Our performance starts and ends with our people, who in turn care for our clients,” Koeller says. “Our clients are successful because of our employees and their commitment to excellence.” People Development Some of the highlights of the awards submission were provided by employees. For instance, employees appreciate that Calvert Home Mortgage invests in their professional and personal development. The organization pays for ongoing education and supports each employee to complete a “bucket list” or dream pursuit every year. “Calvert’s continued investment in my education and professional development is one of the reasons why it’s exciting to come to work every day,” says Underwriter Rob Maver. “It’s great to work for a company that is committed to helping their employees become the best version of themselves.” Open Communication The company’s commitment to open communication is also appreciated by employees. There are regular team gatherings, each employee gets meeting time with the President/CEO as well as their direct supervisors, and discussions are held to keep employees updated on financial results and opportunities and challenges. Calvert Home Mortgage is also committed to listening to employees, gathering input with an annual engagement survey and regular discussions with staff about their goals. There’s also the time to have fun, with “shout outs” at team meetings, during which employees are encouraged to share their appreciation for each other. “We have a great time starting our meetings with shout-outs,” says Front-Office Manager Joy Sale. “It doesn’t matter how long it takes; our leaders make sure everyone has a chance to share. That alone lets us all know we are appreciated. Our team is such a caring bunch, it’s so gratifying to be part of such a fun, caring and hard-working team.” Financial Success Placing culture at the centre of the company’s strategy has continued to drive growth, and that’s reflected in the financial success of the organization. Calvert Home Mortgage has been in operation for 47 years and has supported over 8000 clients in that time. “We are very fortunate to have the opportunity to support so many people with their personal and financial success” says VP Business Development Jesse Bobrowski. Success is measured with financial metrics but also with people metrics, such as the results of the annual employee engagement survey and employee retention numbers. Hiring for fit, Calvert Home Mortgage is very proud of its ability to attract and retain the amazing people who work throughout the organization. “At Waterstone we know corporate culture drives performance and that it’s an organization’s greatest asset,” says Marty Parker, President and CEO of Waterstone Human Capital and Chair of the Canada’s Most Admire program. “This year’s winners are committed to diversity, equity, and inclusion, and their focus on employee engagement and culture measurement is driving extraordinary results.” In working with culture-focused organizations like this year’s award winners, Waterstone has seen the commitment to making culture a competitive advantage help companies: more than double their revenue. increase their revenue compound annual growth rate. quadruple their EBITA CAGR (a measure of the compound annual growth rate). improve their eNPS (a measure of employee satisfaction and loyalty) year over year. and strengthen their recruitment and engagement. Giving Back to the Community Calvert Home Mortgage is also committed to giving back, supporting charities, including their own Charitable Foundation. The company also supports the causes of their employees. “Since we began, our foundation has raised over $2 million, with the majority of funding going to assisting the poor,” says Dale Koeller, whose father Everett started the Foundation in 1989. The Canada’s Most Admired Corporate Cultures awards will be presented at an awards celebration on Wednesday March 1, 2023. “This year’s winning organizations actively craft high-performance cultures and serve as an inspiration for others who want to do the same,” says Parker. “On behalf of Waterstone Human Capital and our partners, we look forward to celebrating this year’s winners and the impact culture is having on their success.” The Bottom Line We couldn’t be more delighted to be chosen for this award,” Dean Koeller concludes. “It’s a testament to our people, more than anything. Our employees deserve the credit for this milestone, and they will continue to drive us to our next milestone.” Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information about how they can support your borrowing needs or one their Dealing Representatives about investing in the fund. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### Drastic Credit Score Increase After Consolidating Debt Background Story A Mortgage Broker approached Calvert Home Mortgage requesting a Second Mortgage for his/her mother ("client") for the purpose of consolidating debt. The client required the mortgage to pay off her high credit balances which were impacting her Credit/Beacon Score. Her credit was good, but Beacon was low due to high balances compared to credit limits. She made all of her payments over the last 2 years and had all "R1's" on her Credit Bureau. When the file was initially presented to Calvert, the client's Credit Score was 567. With this low of a Credit Score she was not able to approach the banks for refinancing even though there appeared to be sufficient equity in the property. The current First Mortgage holder was also unwilling to provide an increase in loan amount. Documents Reviewed ♦ Mortgage Application ♦ Current Credit Bureau ♦ Current Employment Letter and Pay Stub ♦ Current First Mortgage Statement Calvert Solution Offer a Second Mortgage to consolidate debt to improve mother's Credit Score. Valuation of Property Calvert was able to complete an in-house valuation of the subject property with a value of $410,000. We can complete in-house valuations for properties within the Calgary, Edmonton and Red Deer areas. The in-house valuations are completed at no cost to your clients and can provide significant savings. Loan to Value Calvert will consider up to a maximum of 75% Loan to Value (“LTV”) for debt consolidation mortgages within Calgary and Edmonton. The following was the LTV calculation for this deal: Calvert Pricing Interest Rate:    12% Term:                 6 Months Prepayment:     Fully open and may be paid out at any time without notice, bonus or penalty Amortization:    Not Applicable/Interest Only Mortgage Calvert Fee:        $1,500 (Calvert’s minimum file fee) Broker Fee:         Nil (the ‘Mom’ discount applied) How Calvert Added Value The Mortgage Broker's request was a consolidation loan to help improve the client's Credit Score by paying down/out credit accounts with high balances. We consulted with a credit professional who determined that the following would be required to increase her credit score above 680: 1) Pay all credit card debt to $0; 2) Responsibly use credit cards over the next few months; and 3) Pay all statements in full before balance is due. The client saved $300 (+/-) by Calvert completing an in-house valuation as opposed to a third party appraisal for her property. Calvert was also able to do an in-house signing with the client for funding of the mortgage. An in-house signing does not involve a lawyer and can be done when the client is the owner of the subject property and nothing is being discharged from Title, which further saved the client money. The only cost involved with funding a mortgage without a lawyer at Calvert is the Title Insurance policy, which is $300. We value the trust Brokers place in us in working with their clients, and in this case, the Broker’s own mother. We protect Brokers for their clients, sending clients back to you at renewal, and for refinancing when an opportunity arises. Results The client was able to meet at the Calvert office to sign the documentation and fund her second mortgage. It was then up to the client to take the advice that she had received and apply it towards the improvement of her credit; and of course, we were there to assist if she or the Broker needed support. The client understood the importance of keeping good credit during the period of our mortgage with her.  On May 16, the client’s credit score was 567 and when credit was pulled again three months later her score was 769; that’s an improvement of over 200 points in just 3 months! The Mortgage Broker was able to refinance both the First and Second Mortgages with the current First Mortgage holder after providing them with the improved Credit Bureau. It was amazing to see such an improvement to her Credit Score and we are thankful that the Mortgage Broker thought of Calvert to assist their mother with short-term financing. #### Everything You Need to Know About Our In-House Valuations One key benefit of working with Calvert Home Mortgage Investment Corporation is utilizing our in-house valuations for real estate investors, which saves you time and money and makes the borrowing process more efficient. This allows us to provide you with an amazing client experience, where expert eyes on the property provide you with peace of mind that the project will be successful. It also helps us feel secure in the scope of our loans and keep our finger on the pulse of what’s happening in the market. Here’s what you need to know. How do our in-house valuations work? Calvert Home Mortgage has a team of in-house real estate analysts who will determine the market value of your project using the Direct Comparison approach. The Direct Comparison approach is the standard approach used by appraisers as it best reflects the buyers and sellers in the market for single-family homes. This approach produces a value by comparing the subject property with similar sold properties, called comparable sales. The Direct Comparison approach is based on the Principle of Substitution, which implies that a rational real estate investor or purchaser will pay no more for a particular property than the cost of acquiring another similar property with the same features. What are the benefits to you? An appraisal ordered by a bank can cost anywhere between $400-$1,200 and can take days or even weeks to get back. On qualifying properties, our Real Estate Analysts will have an answer often within 1-2 business days at no cost to you. You'll get an "As Complete" market value based on the renovation plan you submitted to the Real Estate Analyst. This means how much your renovation will be worth once complete. This allows you to consult with us to determine if the project looks successful. If your project looks successful, we'll provide financing based on our "As Complete" market value, allowing you to purchase the property without a finance restriction. This key advantage allows you to compete in fast-moving markets and save money on a third-party appraisal. What do we need from you? To complete the "As Complete" market value assessment, we require your project budget and description of the work to be completed. Tell us what you're doing! The more detailed you can be in describing the renovations and improvements you're planning for the property, the more accurate our real estate analysts can be. After-repair value is an important component of your project. Let's say you're renovating the kitchen. Don't just say - "renovating the kitchen". Give us the details: Opening the floor plan by removing the wall between the living room and the kitchen. Adding an island with a waterfall countertop. Replacing all the cabinets with white shaker-style cabinets that extend to the ceiling. Updating the backsplash with grey chevron tiles. Putting in a farm sink and built-in stainless-steel appliances. Upgrading the lighting with modern pot lights and pendant lights over the island. Providing examples of previous work or pictures of homes with similar renovations is also very helpful. Our Flip Analyzer Tool for the Alberta and Ontario markets will provide you with more information on the details we look for in assessing your project. Do we ever use third-party appraisals? Yes, in instances where the home's value is over $1.5 million or has zoning different from residential, such as commercial, industrial, or mixed-use zoning. We may also use third-party appraisals in some cases where the property is very unique, like homes with a unique style, design, or location within their community. Learn More To learn more about our in-house property valuations, watch this video with Jesse Bobrowski and Robin Mackay, Calvert Home Mortgage team members. If you have questions about our in-house valuations or any other services we can provide for you, let's talk! Get in touch with our team via the contact information listed below. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. #### Fast Mortgage Approvals: How Quickly Can You Get a Mortgage with Calvert Home Mortgage? In real estate investment, timing is everything. The right property can hit the market and be gone in a matter of days, or even hours. That’s why real estate investors look for fast mortgage approvals: the ability to move quickly on financing can make the difference between landing a potentially profitable deal or watching it slip away. That’s where Calvert Home Mortgage stands out. We specialize in providing fast, flexible financing built for real estate investors, empowering you to act quickly and confidently when opportunities arise. How Fast is "Fast"? At Calvert Home Mortgage, speed is built into our process. Commitment Letters in as little as 1 business day We can typically issue a Commitment Letter in as little as 1 business day. We keep conditions to a minimum, so your Commitment Letter is a reliable document you can confidently use to make a competitive offer. It provides reassurance to both buyers and sellers that your financing is secured. Funding in as little as 1-2 business days in Alberta / 1-3 business days in Ontario On a rush basis, we can provide funding (money in your account) in as little as 1-2 business days in Alberta and 1-3 business days in Ontario (upon receiving all required documents). Note: A rush fee of up to may apply. Quick funding matters because it ensures you secure the property and that your project doesn’t face delays due to financing. Staying on track reduces carrying costs and keeps your bottom line strong. While not every deal closes this quickly, our team goes above and beyond to prioritize your closing deadlines. Our efficient in-house process gives us greater control, so you can count on us when timing matters most. How We Move So Quickly Our ability to fund deals faster than other lenders comes down to a streamlined, in-house process designed specifically for real estate investors. Dedicated Underwriting Team We have a dedicated underwriting team focused exclusively on supporting you. No Appraisals No appraisals are required on properties valued up to $1.5 million. However, multi-family properties with more than four units do. Instead, our team of Real Estate Analysts provides free in-house valuations, saving you time and money. One Lawyer in Alberta In Alberta, only one lawyer is required to complete the transaction because our team handles much of the due diligence and documentation internally. By taking on this work ourselves, rather than outsourcing it, we remove the need for a second lawyer to represent both sides. This not only saves you time and legal fees but also keeps the process more streamlined and under our direct control. The result: faster closings with fewer bottlenecks. Pre-Approvals We also offer pre-approvals to help real estate investors get a head start. With a pre-approval in place, much of the upfront work is already complete. We keep your application, credit, and Notice of Assessment (NOA) on file for one year. You simply provide proof of capital for each deal and any additional documents specific to the property, and we can move quickly to final approval. Learn more about pre-approvals here. Why Fast Mortgage Approvals Matter For real estate investors, time-sensitive opportunities are common. For example: A distressed property hits the market, and multiple buyers are competing. A seller requires quick closing. An off-market deal arises (many flip properties never hit MLS until after renovation). In these scenarios, access to capital isn’t just about convenience – it’s about winning deals. Real estate investors can move faster and more decisively than their competition by working with Calvert Home Mortgage. Real-World Examples of Our Fast Mortgage Approvals Flip Case Study A mortgage broker, who is also a real estate investor, needed a fast close on a flip property. Calvert Home Mortgage delivered a Commitment Letter within 1 business day and funded the deal within 5 business days of the initial inquiry. As a result, the borrower renovated and sold the property in just 3 months and 8 days, earning a profit* of $85,457.70. Read the full case study here. *Net profits are not guaranteed and will vary depending on the project. Interim Purchase Case Study In another instance, a client required urgent short-term financing to avoid losing a $35,000 deposit and the property they were under contract to purchase. We issued a Commitment Letter within 3 hours and funded the deal within 1 business day of receiving the request. This quick turnaround allowed the borrower to close the deal on time, protect their deposit, and secure the property. The borrower later refinanced with a B-lender and fully paid off our loan within 37 days. Read the full case study here. The Calvert Home Mortgage Advantage Our commitment to speed isn’t just about efficiency. It’s about supporting real estate investors in maximizing opportunities, protecting their negotiating position, and growing their portfolios. With Calvert Home Mortgage, you gain an edge in competitive markets where timing can make all the difference. Ready to Move Fast on Your Next Opportunity? Get pre-approved, and be ready to act when the right deal comes along. Connect with our team to get started. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. FAQs About Fast Mortgage Approvals Q: How fast can I get a mortgage approved and funded with Calvert Home Mortgage? A: We can typically issue a Commitment Letter in as little as 1 business day. Once we receive all required documents, we can provide funding in as little as 1-2 business days in Alberta or 1-3 business days in Ontario. Q: Why does Alberta only require one lawyer? A: In Alberta, Calvert Home Mortgage handles much of the documentation internally, so only one lawyer is needed. This simplifies the process, reduces costs, and speeds up closings. Q: What is a mortgage pre-approval, and how does it help me? A: A pre-approval means much of the upfront work is already complete. We keep your application, credit, and NOA on file for a year, so you can move faster when the right property appears. Pre-approvals give you confidence to make competitive offers and close quickly. #### Frequently Asked Questions - Mortgage Brokers We understand that short-term alternative mortgage lending can raise lots of questions. To support you in serving your clients with confidence, we’ve compiled answers to the most common inquiries about our processes, requirements, and lending guidelines. Transparency and clear communication are at the heart of what we do, and this guide will support you to better understand our offerings and policies so you can find the right solutions for your clients. Funding and CostsHow quickly can you provide funding?  Calvert Home Mortgage can typically provide a Commitment Letter within 1 business day, and funding on a rush basis in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents. This quick turnaround time allows you to serve your clients efficiently—whether they need fast financing for an investment property, a short-term solution, or a backup plan if another lender pulls funding at the last minute. Speed is key in real estate, and by offering flexible, reliable options, you can position yourself as the go-to expert your clients trust to get deals done. Can the down payment, renovation costs, and carrying costs come from borrowed funds?  Yes, we allow the down payment, renovation costs, and carrying costs to come from borrowed funds. We do expect your client to invest some of their own funds and demonstrate the ability to cover our mortgage and any borrowed amounts. We also require transparency about the source of these funds. If they come at a cost, we’ll assess the payment obligations and ensure they align with our lending criteria. Gifted funds are accepted, as long as they are properly documented. Our goal is to provide you with the flexibility to offer creative financing solutions for your clients while ensuring the financials align with our lending guidelines. Do you provide renovation funds? While we don’t directly fund renovations, we offer flexible solutions that allow your clients to access the capital they need. By using the equity from another property as security, your clients can access additional funds for renovations, larger down payments, or potentially lowering interest rates. Our goal is to provide you with the tools and solutions you need to close more deals and strengthen client relationships. The loan-to-value (LTV) we consider on blanket properties depends on multiple factors, and we’ll work with you to find the best approach for your client’s needs. We require proof of funds for: Down payment Renovations Closing and carrying costs At Calvert Home Mortgage, we’re committed to helping you confidently serve your clients by providing fast, flexible lending options to keep their projects moving forward. Is the down payment for a flip mortgage based on the purchase price or the after-repair value (ARV)? For flip mortgages, the down payment is based on the property’s purchase price, not the after-repair value (ARV). This structure allows you to secure financing for your clients with a smaller upfront investment, freeing up more capital for renovations and improvements. Our goal is to support you with the ability to provide competitive, flexible solutions that make sense for your clients. By basing the down payment on the purchase price, you can offer your clients a more predictable and accessible option, ensuring they can move forward with confidence and complete their projects successfully. This positions you as a trusted advisor who understands their needs and provides strategic solutions. Do my clients have to pay the fee upfront?  No, we don’t require any upfront fees. The fee is added to the mortgage and paid upon payout, allowing your clients to keep more cash on hand for renovations, carrying costs, or other investment needs. As a mortgage broker, you’ll be compensated on the funding date, ensuring you receive payment when the deal closes. What happens if your client's mortgage extends past the 6-month term?  We offer fully open mortgages with no prepayment penalties and a no renewal fee option for borrowers in good standing. Our loans are typically designed to be short-term (12 months or less), but we understand that timelines can shift. If your client needs more time to exit through resale or refinancing, we can extend the loan to support their success. For loans extending beyond 12 months, we can transition the mortgage into an amortized loan. This flexibility ensures your clients stay on track without the pressure of rigid timelines. Lending ParametersWhere do you lend?  We provide funding to qualified borrowers throughout Alberta and Ontario, focusing on areas with strong market demand, as follows: 100k+ population, or 25 KM driving distance within these city limits 50k+ population, or 10 KM driving distance within these city limits 10k+ population within city limits** Rural** *Some restrictions apply. **Increased rates and fees, as well as the possibility of reduced Loan to Value (LTV), apply. Our approach ensures you can secure financing for your clients in high-opportunity markets while maintaining responsible lending practices. Do you lend in small markets?  For properties in small marketings (populations under 10,000), we may consider lending if another property in a larger center is used as additional security through a blanket mortgage. This enables your clients to leverage existing equity to secure financing while mitigating the risks of areas with fewer comparables and lower resale potential. Do you lend on renovation-heavy properties?  Yes! Properties with significant renovations are assessed based on after-repair value (ARV), allowing your clients to access more capital upfront. This allows you to offer more competitive financing solutions, helping your clients complete their projects while strengthening your business. Do you offer financing for out-of-province borrowers?  Yes, as long as the property is in Alberta or Ontario and your client is a resident of Canada. This expands your client base by allowing you to work with borrowers investing remotely. We’ll also ensure they have a clear plan for managing the project, helping them stay on track and maximizing their success. What is the maximum Loan-to-Value (LTV) based on property type?  LTV varies depending on the property and loan type and must include all associated fees. Our flexible options allow you to offer tailored financing solutions, helping your clients maximize their opportunities while ensuring you can support them with effective risk management. Here’s a breakdown:  Single-Family Homes In large or medium population markets (50,000+), the maximum LTV is 80%. For Term Purchases, Debt Consolidation, and Equity Take Outs, the maximum LTV is 75%. Townhomes In large or medium population markets, the maximum LTV is 80% ARV for Flip/BRRR mortgages. For Term Purchases, Debt Consolidation, and Equity Take Outs, the maximum LTV is 75%. Condos In large or medium population markets, the maximum LTV is 75%. We don’t typically lend on condos in small markets or rural areas due to lower marketability and higher volatility. For Bridge mortgages, we can consider up to 85% LTV on firmly sold properties and up to 80% LTV on listed or conditionally sold properties. We will consider a Bridge even if your client’s property is still being listed on the MLS with a Licensed Real Estate Agent. Why do you restrict lending on certain markets?  We prioritize lending in markets with strong resale potential and liquidity to provide you with more reliable financing options for your clients. Markets that are smaller or less active can have slower sales, increasing the risk and tying up capital, which can impact the return on investment. By focusing on stronger markets, you can offer your clients faster, more predictable exit strategies, ultimately reducing risk and increasing your ability to close deals. Do you fund multi-family properties?  Yes, we provide financing for multi-family properties. This enables you to support clients who are working to diversify their portfolios with income-generating projects. What about properties with special circumstances, like post-tension units?  We may consider these if a recent inspection confirms the structural integrity of the cables. The maximum LTV is capped at 70%, and we’ll need a clear exit strategy. If refinancing is part of the plan, we’ll need to ensure it can be successfully refinanced out of our loan. These requirements support risk management while still being able to offer flexible solutions for challenging properties, ensuring better outcomes for you and your clients. Pre-ApprovalsWhy is getting pre-approved important?  As a mortgage broker, securing pre-approval for your clients helps you lock in their business and stand out in a competitive market. A pre-approved client can act quickly, increasing their chances of securing profitable deals. By working with a lender that offers fast and flexible pre-approvals, you can provide a seamless experience, strengthen client relationships, and close deals with confidence – ultimately growing your business and reputation while ensuring your clients stay committed to working with you. How long is a pre-approval valid?  Our pre-approvals are valid for up to one year, providing flexibility for your clients while they explore multiple opportunities. This means you don’t have to start the process from scratch each time they find a new deal. If another project arises within that year, we only require updated documents to move forward, saving you time and effort while ensuring your clients stay with you for their financing needs. What does pre-approval mean with Calvert Home Mortgage?  Our pre-approvals focus on your client, not just the property. A pre-approval enables you to secure their commitment and close more deals. You’ll work directly with our decision-makers, the Underwriters. Property valuations are done in-house at no cost within 1-2 business days, saving you and your clients time and money while empowering them to act quickly on opportunities. It’s important to note that a pre-approval is not a guarantee of a mortgage. It is a personal pre-approval that streamlines the process for your clients when they’re making a firm offer on a property. Final approval is subject to a full application review, property details, and underwriting requirements. We require: Completed application Most recent Notice of Assessment (NOA) Credit check Proof of capital for Flip/BRRR projects For mortgage brokers, this means you can get your clients pre-approved quickly while positioning yourself as a trusted advisor who delivers fast, flexible financing solutions. Submitting a DealWhat is the best way to submit an application?  You can easily submit your application on Finmo (Lendesk), Filogix, and Velocity. If you’d like to learn more about how we can support you and your clients, feel free to contact us directly – we pick up the phone and are always happy to chat! For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 For Ontario inquiries, contact Dan Werner. Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 How do in-house valuations work for mortgage applications?  As a mortgage broker, you need fast, reliable property valuations to move deals forward efficiently. That’s why we have an expert team of in-house Real Estate Analytics who handle valuations, saving you and your clients time and money. Instead of waiting for an appraisal, our team uses the direct comparison approach as an appraiser, analyzing recently sold comparable properties. These in-house valuations are free and typically completed within 1-2 business days, helping you close deals faster. If your client is financing a flip, we’ll request a detailed renovation plan and budget to estimate the property’s after-renovation value – ensuring they get the financing they need upfront. Appraisals are only required for properties valued over $1.5 million or multi-family properties with more than four units, reducing unnecessary delays. Can all documents be signed remotely?  Yes, we offer remote signing for convenience, ensuring a more effortless experience. We can authorize the lawyer to proceed with remote mortgage signing and attach Video Signing Affidavits, provided they comply with all relevant provincial guidelines (including legislation, land title, and law society rules). The lawyer must also report on their actions and provide all required signed documentation, along with proof of the signing process. This option is part of our commitment to making you and your client’s experience as smooth and efficient as possible. What if your client owes taxes?  We understand that tax balances can be a common hurdle in securing financing. Here’s how we work with you and your clients to keep deals moving: Personal Taxes: A balance may be acceptable, but if it is significant, we will need to understand the reason and your client’s plan for repayment. Our goal is to provide solutions that support their long-term financial success. Sole Proprietors & Corporate Taxes: Outstanding GST/HST and Excise Tax must be settled before funding. This ensures deals move forward smoothly, without financial roadblocks. At Calvert Home Mortgage, we focus on delivering a better mortgage experience – built on trust, transparency, and results. We’re known for our low-stress, common-sense approach and aim to deliver fast, flexible, reliable solutions for short-term mortgage needs. Whether it’s navigating the pre-approvals or addressing unique property scenarios, we’re here to support the personal and financial success of you and your clients. #### Frequently Asked Questions - Real Estate Investors We understand that navigating real estate investment and short-term mortgage lending can raise lots of questions. To support you in making informed decisions, we’ve compiled answers to the most common inquiries about our processes, requirements, and lending guidelines. Transparency and clear communication are at the heart of what we do, and this guide will help real estate investors navigate our offerings and policies. Funding and CostsHow quickly can you provide funding?  Calvert Home Mortgage can typically provide a Commitment Letter within 1 business day, and funding on a rush basis in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents. This quick turnaround time gives you the advantage of moving fast on investment opportunities, ensuring you can secure properties without unnecessary delays. We understand that timing is critical for real estate investors, and our quick and easy processes empower you to act quickly and stay ahead in a competitive market. Can the down payment, renovation costs, and carrying costs come from borrowed funds?  Yes, we allow the down payment, renovation costs, and carrying costs to come from borrowed funds. We do expect you to invest some of your own funds and demonstrate the ability to cover our mortgage and any borrowed amounts. We also require transparency about the source of these funds. If they come at a cost, we’ll assess the payment obligations and ensure they align with our lending criteria. Gifted funds are accepted, as long as they are properly documented. Our goal is to provide you with the flexibility to make your investments work for you while ensuring the financials align with our lending guidelines. Do you provide renovation funds?  As a short-term residential mortgage lender focused on supporting real estate investors, we understand that renovations are often a critical part of your investment strategy.  While we don’t directly fund renovations, we offer flexibility by allowing you to use equity from another property you own as security. This equity can be used to access additional funds for renovations, larger down payments, or potentially lowering interest rates. The loan-to-value (LTV) we consider on blanket properties depends on multiple factors, and we are here to guide you through the process and ensure your financing aligns with your investment goals. We require proof of funds for: Down payment Renovations Closing and carrying costs At Calvert Home Mortgage, we’re committed to supporting your growth as a real estate investor, providing access to the capital you need to succeed. Is the down payment for a flip mortgage based on the purchase price or the after-repair value (ARV)?  For flip mortgages, the down payment is based on the property’s purchase price, not the after-repair value (ARV). This means you can secure financing with a smaller initial investment, allowing you to focus more capital on renovations and improvements. We know that maximizing your investment potential is key, so we ensure the down payment structure is designed to support your project’s success. With the purchase price as the basis, you can move forward with confidence, knowing that your down payment won’t be inflated by projected property values post-renovation. Do I have to pay the fee upfront? No, we don’t require any upfront fees. The fee is added to the mortgage and paid upon payout. This way, you keep the money in your pocket until the property is exited. We don’t get paid until you’re out, which means we’re committed to your success throughout the process. What happens if the mortgage extends past the 6-month term?  We offer fully open mortgages with no prepayment penalties and a no renewal fee option for borrowers in good standing. Our loans are typically designed to be short-term (12 months or less), but we understand that timelines can shift. If you need more time to exit through resale or refinancing, we can extend the loan to ensure your project’s success. For loans extending beyond 12 months, we can transition the mortgage into an amortized loan. This flexibility allows you to stay on track with your projects without worrying about rigid timelines. Lending ParametersWhere do you lend?  We provide funding to qualified borrowers throughout Alberta and Ontario, focusing on areas with strong market demand, as follows: 100k+ population, or 25 KM driving distance within these city limits 50k+ population, or 10 KM driving distance within these city limits 10k+ population within city limits** Rural** *Some restrictions apply. **Due to greater volatility in demand and value of rural land and small town properties, we reduce the allowable Loan to Value (LTV) in these areas. Increased rates and fees will also apply. Our approach ensures that you have access to financing where opportunities exist while maintaining responsible lending practices. Do you lend in small markets?  For properties in small markets (populations under 10,000), we may consider lending if another property in a larger center is blanketed as additional security. This approach ensures you have better access to capital while investing in areas with fewer comparables and lower resale potential. Do you lend on renovation-heavy projects?  Yes, properties with significant renovations are assessed based on after-repair value (ARV). This allows you to access more capital upfront, providing great flexibility for your projects. Do you offer financing for out-of-province borrowers?  Yes, as long as the property is in Alberta or Ontario, and you are a resident of Canada. We’ll want to ensure you have a clear plan for managing the project remotely – supporting you to stay on track and maximize success. What is the maximum Loan-to-Value (LTV) based on property type?  LTV varies depending on the property and loan type and must include all associated fees. These options provide you with the funding you need for a wide range of property types and projects, helping you to maximize opportunities while balancing risk effectively. Here’s a breakdown: Single-Family Homes In large or medium population markets (50,000+), the maximum LTV is 80%. For Term Purchases, Debt Consolidation, and Equity Take Outs, the maximum LTV is 75%. Townhomes In large or medium population markets, the maximum LTV is 80% ARV for Flip/BRRR mortgages. For Term Purchases, Debt Consolidation, and Equity Take Outs, the maximum LTV is 75% Condos In large or medium population markets, the maximum LTV is 75%. We don’t typically lend on condos in small markets or rural areas due to lower marketability and higher volatility. For Bridge mortgages, we can consider up to 85% LTV on firmly sold properties and up to 80% LTV on listed or conditionally sold properties. We will consider a Bridge even if the property is still being listed on the MLS with a Licensed Real Estate Agent. Why do you restrict lending in certain markets?  We prioritize markets with strong resale potential and liquidity to give real estate investors a faster, more reliable exit strategy. Properties in smaller or less active markets can take longer to sell, which increases your risk, ties up capital, and impacts your investment returns. Do you fund multi-family properties?  We provide financing for multi-family properties. This enables you to diversify your portfolio with income-generating projects. What about properties with special circumstances, like post-tension units?  We may consider these if a recent inspection confirms the structural integrity of the cables. The maximum LTV is capped at 70%, and we’ll need a clear exit strategy. If refinancing is part of the plan, we’ll need to ensure it can be successfully refinanced out of our loan. These requirements help you minimize risk, protect your financial interests, and support a successful project outcome. Pre-ApprovalsWhy is getting pre-approved important? As a real estate investor, speed is key in a competitive market. Getting pre-approved means you’re ready to act fast, with the confidence that financing is in place. It allows you to make firm offers without hesitation, giving you a valuable edge in securing profitable deals. How long is a pre-approval valid?  Our pre-approvals are valid for up to one year. This gives you the flexibility to pursue multiple opportunities without starting the process from scratch each time. If another project arises within that year, we only require updated documents to move forward, saving you time and effort in securing financing. What does pre-approval mean with Calvert Home Mortgage? Our pre-approvals focus on you, not just the property – giving you the confidence to act fast on investment opportunities. You’ll work directly with our decision-makers, the Underwriters. Property valuations are done in-house at no cost within 1-2 business days, saving you time and money and empowering you to make informed decisions. It’s important to note that a pre-approval is not a guarantee of a mortgage. It is a personal pre-approval that helps streamline the process when making a firm offer on a property. Final approval is subject to a full application review, property details, and underwriting requirements. We require: Completed application Most recent Notice of Assessment (NOA) Credit check Proof of capital for Flip/BRRR projects For real estate investors, this means you can call us, get pre-approved, and move forward with confidence, knowing we’re here to support your next investment. Submitting a DealWhat is the best way to submit an application? You can easily submit your application through any of the following methods: Submit an inquiry online. Click here to get started. Email us directly or give us a call – we pick up the phone and are always happy to chat! For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 For Ontario inquiries, contact Dan Werner. Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Whichever method you choose, we’re ready to assist you in getting your application processed quickly and smoothly. How do in-house valuations work for mortgage applications?  To better serve you, we have an expert team of in-house Real Estate Analysts who handle valuations, saving you time and money. Instead of waiting for an appraisal, our team uses the same direct comparison approach an appraiser would – comparing your property to similar recently sold properties. These in-house valuations are free and typically completed within 1-2 business days. If your deal involves a flip, we’ll request a detailed renovation plan and budget to estimate the property’s value after renovations. Appraisals are required for properties valued over $1.5 million or multi-family properties with more than four units. What are your requirements for joint venture deals?  At different stages of your real estate investment journey, joint ventures (JVs) might be the strategy that works best for you. We’re here to support you, and we may even connect you with a JV partner to help maximize your opportunities. To move forward, we require: Joint venture agreement Proof of funds Completed third-party information form Can all documents be signed remotely?  Yes, we offer remote signing for your convenience, ensuring a more effortless experience. We can authorize the lawyer to proceed with remote mortgage signing and attach Video Signing Affidavits, provided they comply with all relevant provincial guidelines (including legislation, land title, and law society rules). The lawyer must also report on their actions and provide all required signed documentation, along with proof of the signing process. This option is part of our commitment to making your experience as smooth and efficient as possible. What if taxes are owed?  We understand that taxes are a part of your business landscape. Here’s how we approach them: Personal Taxes: A balance may be acceptable, but if it is significant, we will need to understand the reason and your plan for repayment. We’re focused on working with you to ensure your long-term success. Sole Proprietors & Corporate Taxes: Outstanding GST/HST and Excise Tax must be settled before funding. This ensures your deals move forward smoothly, without financial roadblocks. We’re here to help you navigate the financial aspects of your investments so you can focus on growing your portfolio. At Calvert Home Mortgage, we focus on delivering a better mortgage experience – built on trust, transparency, and results. We’re known for our low-stress, common-sense approach and aim to deliver fast, flexible, reliable solutions for short-term mortgage needs. Whether it’s navigating the pre-approvals, structuring joint ventures, or addressing unique property scenarios, we’re here to support your personal and financial success. #### Frequently Asked Questions About Landlord-Tenant Laws in Ontario Renting out a property in Ontario can be complex, but if you’re a Real Estate Investor and landlord, it’s your responsibility to know the rules. We can help. The Residential Tenancies Act (RTA) governs the rights and responsibilities of landlords and tenants in Ontario, so it's important that you review and understand its rules. The Landlord and Tenant Board (LTB) manages those rules and is a source for many of the documents you need as a landlord. We have created this handy guide to get you started without having to memorize the entire legal document. There are some key facts about raising rent as a landlord in Ontario, which we have already detailed in our last blog post for your benefit. Here are the 8 frequently asked questions about landlord-tenant laws in Ontario that every landlord needs to know. What rentals are covered by the RTA? The Residential Tenancies Act provides rules for most rental units, including an apartment, a house, or a room in a rooming or boarding house. The Act also applies to care homes, retirement homes, and sites in a mobile home park or land lease community. However, the rules do not apply if the tenant must share a kitchen or bathroom with the landlord. Many of the rules do not apply to non-profit and public housing or university and college residences, other than such things as maintenance and the reasons for eviction. For the interests of Real Estate Investors, then, the Act applies to your role as a landlord if you’re looking to buy a tenanted property or planning to rent out a property you already hold. What are the key steps before a tenant moves in? If you’re getting a new tenant, it’s a good idea for you and the tenant to sign the government’s Residential Tenancy Agreement (Standard Form of Lease) before the tenant moves in. The agreement begins on the date the tenant can move into the rental unit, even if they don’t move in on that day. Tip for Landlords: It’s best practice to do a walk-through with your tenant prior to having them move in. Use that time to review and document the current condition of the property in case there are issues later. Can I collect a deposit on the rent? Yes, you can collect a rent deposit from a new tenant on or before the start of a new tenancy. If they pay by the month, the deposit can't be more than one month's rent. However, once you increase the rent, you can ask the tenant to increase the rent deposit by the same amount. You must also pay the tenant interest every year, of an amount the same as the government's annual rent increase guideline. That deposit can only be used as the rent payment for the last month or week before the tenant moves out. It cannot be used for anything else, such as repairing damage to the rental unit. If you collect a deposit and don't let the tenant move in, then you must return the deposit. What are the rules about the rental lease? A lease is a contract in which the tenant agrees to pay you rent for the right to live in your rental unit. A lease that covers a set period of time is called a fixed term tenancy and should include both the start and end date. Most leases are for a year. However, the end of that term does not mean the tenant has to move out or sign a new lease. The contract lease is renewed automatically on a month-to-month basis for monthly rentals. The lease basically "rolls over," and you and the tenant don't have to sign a new fixed-term lease - but you can if you want. Be sure you agree to a rental amount with the tenant; after that, you cannot raise the rent for 12 months after they move in. How do I evict a tenant? You can only end a tenancy and evict your tenant for one of the reasons allowed by the Act, and you must give notice in writing. There are different forms available from the LTB depending on the reason for eviction. Here's a snapshot of valid reasons to evict a tenant based on their conduct: not paying the rent in full persistently paying the rent late causing damage to the rental property illegal activity affecting the safety of others allowing too many people to live in the rental unit Here's another snapshot of reasons to evict a tenant that aren't based on their conduct: you want the rental unit for your own use or for the use of an immediate family member or caregiver you have agreed to sell the property, and the purchaser wants all or part of the property you're planning major repairs or renovations that require the building to be vacant you plan to demolish the rental property There are other times that a tenancy may end: you and the tenant can agree on this at any time, even during the term of a lease. That's worth handling in writing instead of verbally. As a Real Estate Investor, an ideal situation is to purchase a vacant property. That way, you can negotiate the terms of the lease and rental price with new tenants rather than assume existing tenants and agreements. Can I prevent my tenant from having a pet? You do have the right to screen prospective tenants and reject them if you suspect they will move in with pets. However, the RTA states that any “no pet” provision in a tenancy agreement is void. That means, once you accept a tenant: “in spite of any verbal agreements or contract stipulations, landlords cannot evict tenants for pet ownership under most circumstances.” But in some cases, you can give a tenant notice based on the presence, control, or behaviour of a pet the tenant is keeping, such as where a pet causes damage to the rental property. For example, if a pet is dangerous, disturbs neighbours, or causes damage to property, landlords can evict the tenant. Can I get my tenant to handle yard care? As a landlord, you have to keep your rental property in a good state of repair and obey all health, safety, housing, and maintenance standards. That means you’re responsible for snow removal and grass cutting, including removing noxious weeds and any unsafe accumulation of ice and snow. You can’t transfer this responsibility to your tenant unless a special agreement is reached, such as when you sign a separate agreement and pay the tenant to remove the snow or handle yard work. Tenants have responsibilities, too: they must keep their rental unit clean and repair or pay for the repair of any damage they cause to the property. This is for damages, not normal wear and tear like an aging carpet. What happens if there's a disagreement? The Landlord and Tenant Board provides the process for enforcing the rules of the act. It can provide information to landlords and tenants about their rights and responsibilities under the RTA. It’s also responsible for resolving disputes between landlords and tenants through mediation or adjudication. It’s worth noting that long wait times are typical for resolving a dispute. The Board is also your source for all the relevant forms you will need as a landlord, such as a notice to increase rent or notice to end a tenancy. Landlords should be aware that there can be very long wait times associated with having your dispute heard - often many months. The Bottom Line There are plenty of rules to follow in the landlord-tenant laws in Ontario. We have covered the ones most commonly asked about when landlords are managing their property, looking to buy a tenanted property, or considering a BRRR project—to Buy, Renovate, Rent, Refinance. There are other considerations for landlords in the Ontario law, such as raising the rent. To learn more, this article from Miller Thomson is an excellent resource, providing further insights and cautionary advice for prospective landlords. If you'd like to learn more as a Real Estate Investor, tune in to our new podcast, Real Estate and Wealth, once launched. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that specializes in working with Real Estate Investors. Our team wholeheartedly embraces the vision that homes in revitalized communities are possible for all. We are committed to our mission of being Canada’s most trusted mortgage lender and empowering our customers, investors, and partners to succeed and grow in thriving communities. That’s why we are here to provide support and education for Real Estate Investors throughout their journey. Contact one of the experienced underwriters for more information on how rental investments are good for the real estate market. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### How a Mortgage Broker Helped Their Client Get Back on Their Feet Situation The borrower was a middle-aged gentleman who owned a condo in downtown Calgary with a small first mortgage through a major bank. He had become unemployed due to the poor economy and was receiving Alberta Works Social Assistance, only a fraction of what he was earning while working. He was living off minimal income, was relying on credit, struggled with payments and depleted his savings. Challenge He continued to apply for jobs but could not obtain work. He could not refinance with his current lender as his credit score of 486 was too low and his income was not sufficient to service his debts. Problem The borrower struggled to make his payments, owed two years of property taxes and condo fees, and his credit continued to suffer. He had defaulted on his utility payments; cable bills had been sent to collections and his electricity had been shut off. There was an urgency to come up with a solution quickly as his main goal was to avoid further collections and foreclosure. Solution He made the decision to sell his condo. This wasn’t an easy solution as he had no electricity and his condo was cluttered and in minor disrepair. The state of his condo made it difficult for his Realtor to market the property at top dollar. Plan The Realtor approached a Mortgage Broker to come up with a plan. Together they realized that there was sufficient equity in the property (59% LTV). Their challenge was finding a lender who would be willing to lend in a situation like this, private lending was the best solution. The Broker approached Calvert Home Mortgage for a short-term loan with the following request for the borrower: 1) Payout his Bills/Collections 2) Payout his First Mortgage (collaterally charged on title) 3) Get his electricity turned back on 4) Clean up the condo 5) Put larger items in storage 6) Fresh coat of paint on the walls 7) Provide the Borrower with enough money to live for 6 months to allow for a sale Results The property sold after being listed for approximately 3 months. It had gone through some price reductions likely due to an oversupply of condominiums on the market as well as total inventory in the neighbourhood. The sale price of the condo $278,000, was 5% higher than what he would have received had he not done the repairs to the condo. More importantly, the borrower was able to maintain his bills while waiting for the sale and it is probable that his credit score had increased through this process. The Mortgage Broker helped the Realtor get a stronger and more marketable listing that is now sold. The Mortgage Broker also helped his borrowing client maximize his sale price in a very difficult situation and avoid foreclosure. #### How Alternative Mortgage Solutions Can Be Used for Bankable Clients Alternative mortgages have a reputation as serving clients who can’t get traditional financing. However, that’s not always the case. Alternative mortgages, like those offered by Calvert Home Mortgage Investment Corporation, are not just for “challenged” clients. They are not one-size-fits-all. In fact, they can be an appropriate solution for clients throughout the credit spectrum and can be used by Mortgage Brokers to support a variety of clients and mortgage lending opportunities. We’ll explain how alternative lenders can support Mortgage Brokers and their “bankable clients,” or clients with excellent credit, strong income, great character, adequate capital, and favourable conditions, with a few examples. What’s a Bankable Client? When we talk about a “bankable client,” here’s what we mean: Individuals or businesses who can access some form of traditional financing from a bank. Those with credit scores sufficient to obtain a loan. Those who can service and repay loans and have good character. Alternative lenders such as Calvert Home Mortgage are often considered an option only for those who can’t go to a bank for a mortgage. That’s not the case, and this misconception can sometimes impede the Broker and borrower from accessing the appropriate solution for their needs. Interim Purchase & Bridge Financing: Alternative Mortgage Solutions Calvert Home Mortgage provides a wide variety of alternative short-term mortgage solutions. Today, we’re highlighting our Interim Purchase and Bridge products. An Interim Purchase is financing a home purchase with a confirmed exit strategy within 12 months. The most common and appropriate uses are to resell for profit or refinance. This approach is especially beneficial in scenarios where: A quick closing is needed There is a notable difference between the purchase price and the appraised value You want to reduce the required down payment without relying on an insured mortgage For example, in a scenario where the purchase price is $500,000, and the appraised value is $650,000, traditional banks will only lend on the purchase price, limiting the buyer's access to funds. Even with a lower down payment option on a conventional mortgage, it comes with insured premiums or prepayment penalties, adding to the overall cost. Additionally, the closing process can take weeks, which may not work for time-sensitive investments. However, with our Interim Purchase mortgage solution, buyers can access more capital upfront because we lend on the higher appraised value of $650,000. This option also provides the flexibility of down payments as low as $10,000 in Alberta and $20,000 in Ontario and a fully open mortgage, meaning buyers can avoid prepayment penalties. Once the property is secured with our financing, buyers can either easily resell for a profit or refinance with a traditional bank, leveraging the higher value for better terms. This article also features our Bridge mortgage solution, a type of short-term mortgage solution that covers the time between the sale of one home and the purchase of another for clients who require temporary financing for the down payment or other urgent needs. At Calvert Home Mortgage, we consider a Bridge mortgage, even if your client’s property is still in the process of being listed on the MLS with a Licensed Real Estate Agent. Bridges can also be used if your client has a sale contract in place with a closing date after the purchase of the other property. When Do Clients Need Alternative Mortgages? There are times when clients need an alternative solution, specifically an Interim Purchase mortgage. For instance, a business owner who doesn’t declare much income or who has money invested in their business that can’t be immediately withdrawn. An Interim Purchase mortgage is a solution in both of these examples: These are intended to be short-term loans. They are fully open with no payout penalty. The payments required are interest only. That makes this type of solution ideal for borrowers of all categories who need short-term financing. Here are more examples of how alternative mortgage solutions can be used for “bankable” clients. Clients Needing Quick Financing An Interim Purchase can be used as a short-term solution while a borrower works to change their circumstances to qualify with a more traditional A or B lender. Here’s a recent example of how Calvert Home Mortgage supported a client: A client with excellent credit and a strong income approached us for a quick close. He needed an extremely time-sensitive loan to close the deal on time and avoid losing his $35,000 deposit. Despite his financial strengths, his self-employment prevented him from securing traditional financing in time to close the deal. Calvert Home Mortgage promptly processed the deal by ordering an in-house valuation, reviewing all the supporting documents, and issuing a Commitment Letter within 3 hours of receiving the application. The deal was funded within one business day, allowing the client to close the deal on time without losing his deposit on the purchase. Since then, the client has successfully refinanced the mortgage with a B lender and fully paid out our loan within 37 days. Clients Who Require a Short-Term Loan Another example is a “bankable” client with excellent credit and a great income to support a loan. This client wanted to secure the purchase of a new build they intended to sell right away without any improvements or a change in the use of the property. Banks typically don't provide a loan for this type of situation. Since the loan was short-term and because we could lend on the as-is value of the property, Calvert Home Mortgage was the best option: To assist the client, we performed an internal valuation of the property at no cost and reviewed the condo documents internally to ensure there wouldn’t be any complications. This comprehensive review process allowed us to lend confidently based on the current market value of the property, enabling the client to make a smaller down payment. We were able to lend on the current market value of the property and provide flexible pricing options. We supported the client in choosing the most suitable interest rate and down payment options. The client purchased the property and quickly sold it for a profit. The client paid off our loan within 22 days without a prepayment penalty.  Clients With Closing Dates that Don’t Match A third example is a loan to support a client when closing dates don’t match. Calvert Home Mortgage can provide short-term financing that covers the time between the sale of one home and the purchase of another. These are known as Bridge mortgages. Here’s when a Bridge mortgage can help a client: There’s a gap between taking possession of a new property and selling an existing one. The client wants time between closing dates to move and transition into the next phase of their life. For example, if they would like closure as they move out of a family home and would like additional time to pack and process some emotions that may arise. A Real Estate Investor client involved in flipping properties or in a BRRR (Buy, Renovate, Rent, Refinance) business can use this option to move quickly to buy a property in a hot market. A hot market could make it necessary to place an offer on a new home before an existing property sells. The client wants time and resources to make upgrades to the new home before moving in. Or perhaps they would like to purchase some new furniture or hire extra childcare – having funds available could support a more effortless moving experience. The client needs help to refinance, for instance, if they can’t qualify for a mortgage until the other mortgage is paid out. A Bridge mortgage enables a “buy now, sell later” situation to bridge the gap between a purchase and a sale or refinance. In the case of an individual homeowner, the equity in the current home is used to make a down payment on the new home rather than waiting for the existing property to sell. Once the property sells, the Bridge mortgage is paid off from sale proceeds or through refinance. This option isn’t always available through a traditional bank. Alternative Mortgage Solutions are For Every Client If you’re a Mortgage Broker, you likely serve a variety of customers, including bankable clients with excellent credit and income who can’t qualify with an A or B lender. Here’s how you can support your clients by working with Calvert Home Mortgage: Do more deals with fast funding, often in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents. Down payment options are as low as $10,000 in Alberta and $20,000 in Ontario. Flexible solutions and reasonable terms, even for clients working to improve their credit scores. We do our own in-house valuations, so in most cases, clients don’t have to seek external appraisers. In Alberta, we use our own internal legal documentation, which is sent to the borrowers’ lawyer to expedite the process. Most of our loans are fully open, so clients can pay them off anytime without penalty. If you’re a Real Estate Investor, these are all advantages to your business as well. In a flip situation, when multiple properties are at play, Calvert Home Mortgage can come up with creative solutions to support your business. A fast turnaround time to fund a deal helps flippers achieve what they’re looking to get done. The Bottom Line Alternative mortgage solutions are not one-size-fits-all and are not intended only for “challenged” clients who can’t get traditional funding. Mortgage solutions from alternative lenders like Calvert Home Mortgage can support various clients. Calvert Home Mortgage has supported Mortgage Brokers, Real Estate Investors, and homeowners since 1975, with operations in Alberta and Ontario. Contact one of our experienced underwriters for more information on alternative mortgage solutions, such as Interim Purchase, Bridge, Flip/BRRRs, and more, for all your client needs. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### How Mortgage Brokers Can Win More Deals with Non-Bank Lending Non-bank mortgage solutions aren’t just for clients with poor credit. Through private lenders, alternative lenders, and Mortgage Investment Corporations (MICs), like Calvert Home Mortgage, mortgage brokers can access short-term, flexible financing that helps them close more deals, serve a diverse range of clients, and build stronger long-term business relationships. By understanding when to use these solutions, communicating benefits clearly, and building strong lender relationships, mortgage brokers can grow their business, attract loyal clients, and stand out in the market. What Are Non-Bank Lending Solutions - And Why They Matter While traditional lenders such as banks or A/B lenders often have strict requirements for credit scores, income verification, debt-to-income ratios, etc., MICs provide more flexibility. As a result, borrowers gain access to opportunities they might otherwise lose. For example, here are a few things that Calvert Home Mortgage offers: Flip/BRRRs (Buy, Renovate, Rent, Refinance), Interim Purchases, Bridges, and other short-term mortgage solutions in Alberta and Ontario Lending based on after-repair value or market value, rather than strictly on purchase price. Faster turnarounds for funding, in days rather than weeks. More flexible down payment options (starting as low as $10K down) and less stringent documentation needs. Therefore, MIC lending isn’t just for clients with weak credit. It can also be an attractive or necessary option for “bankable” clients with good credit, solid income, and strong character who simply need flexibility or speed. Key Scenarios Where Non-Bank Lending Wins Deals Mortgage brokers can win more deals by identifying situations where non-bank lending is the better fit. Some examples: Quick closing needed If a client needs to close fast to secure property or avoid losing a deposit, A/B lenders can't always move in time. Calvert Home Mortgage can fund in as little as 1-2 business days in Alberta and 1-3 business days in Ontario, once required documents are received. 👉 Learn more about how quickly you can get a mortgage approval from Calvert Home Mortgage. Purchase price vs. market value gap When our in-house valuation comes in higher than the purchase price, we can lend against the higher value, giving clients more leverage. Traditional banks typically lend only on the purchase price. Calvert Home Mortgage lends on our assessed market value, helping clients access more capital upfront and reduce down payment requirements. We don’t require appraisals on properties valued up to $1.5M (except for multi-family properties greater than four units). Our in-house valuations are free, saving clients both time and money. Timing mismatches When a homeowner’s closing dates don’t align (they need to buy before their existing house sells), or there’s a gap between sale and purchase, a Bridge mortgage from Calvert Home Mortgage can fill the gap. 👉 Learn more about our Bridge mortgage solution. Short-term strategies Real estate investors often have needs that bank lenders won’t serve, such as flips and BRRRs. Mortgage brokers who can provide these solutions can capture more real estate investor business. Calvert Home Mortgage funds properties in all conditions. Our streamlined pre-approval process prepares your clients to act quickly when the right opportunity arises. With pre-approvals valid for up to a year,  flexible low down payment options, in-house valuations, and a team that understands real estate investor strategies, we help you deliver the best solutions for your clients at a speed that keeps deals moving and closings on track. Clients need flexibility Some clients are preparing to qualify for a longer-term mortgage with an A or B lender. Others may be self-employed, have non-traditional income documentation, or want a fully open mortgage with no prepayment penalties. Calvert Home Mortgage supports all these scenarios (and more), providing flexible short-term financing until clients' transition into their long-term solution. How to Position Yourself for More Wins It’s not enough to know that non-bank lending exists. Mortgage brokers must strategically adopt practices that allow them to present these options effectively and efficiently. Here are some tactics. Strategy What to Implement Know your lender partners well Build relationships with multiple private lenders, alternative lenders, and Mortgage Investment Corporations. Know their products, turnaround time, rates, and documentation requirements. The better you know them, the faster and more smoothly you can match clients. Learn when traditional lending doesn’t work Develop an early-stage checklist. Is this client self-employed, or is there a timing issue? Is the client trying to close fast? Is there a gap between purchase price and market value? If yes, start considering alternative options early. Communicate clearly with clients Many clients see non-bank lending as a last resort or a negative option. Explain the advantages honestly - speed, flexibility, potential cost vs. benefit (e.g., maybe higher interest but lower penalties or faster closing). If they understand the trade-offs, they’ll be more open. Use case studies Show concrete examples: “Here’s when we used a Bridge loan to help avoid losing a buyer’s deposit,” or “We financed a flip with after-repair value lending and the client sold for a profit.” Evidence builds trust. Focus on repeat clients, like real estate investors Real estate investors are particularly good long-term clients. Once they know you can help with flips, BRRRs, etc., they’ll come back for new projects. Network smartly Partner with Wholesalers and Realtors® who specialize in investment properties, attend real estate investor meetups, and engage in forums and online communities. Stay on top of regulations, products, and market changes Policies around mortgage lending, zoning, building permits, property-tax rules, etc., can affect whether an alternative financing deal is viable. Mortgage brokers who are familiar with evolving rules can advise clients more effectively and avoid potential pitfalls. Why Non-Bank Lending Boosts Your Business When you integrate non-bank / MIC lending into your toolkit, you open the door to: More closings Some deals would fall apart if you only offered traditional options. Creative solutions mean walking away less often. Attracting a more diverse client base Real estate investors, self-employed individuals, those with timing constraints, and those with non-traditional incomes, etc. Stronger loyalty and referrals Clients whom you help in tight or creative situations become champions. Repeat clients and referrals are key to growing your business. Differentiation Many mortgage brokers lack a deep understanding of non-bank lending. If you do understand it, you stand out. Your Next Step with Non-Bank Lending Non-bank lending isn’t just a backup – it’s a competitive advantage. Mortgage brokers who become experts at recognizing when alternative solutions make more sense, who communicate clearly, and build strong relationships with alternative lenders can: Capture more deals, Build deeper client loyalty, and, Stabilize business even when traditional lending is constrained. Ready to win more deals with non-bank lending? Connect with Calvert Home Mortgage today to learn how our flexible mortgage solutions can support you in closing faster, serving more clients, and growing your business. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. Frequently Asked Questions About Non-Bank Lending Q: Is nonlending only for clients with poor credit? A: No. Many bankable clients use private, alternative, and Mortgage Investment Corporation (MIC) lending for short-term needs, quick closings, or investment strategies. Q: How fast can Calvert Home Mortgage fund a deal? A: In as little as 1-2 business days in Alberta and 1-3 business days in Ontario, once all documents are provided. Q: Do clients have to pay for in-house valuations from Calvert Home Mortgage? A: No. Our in-house valuations are provided at no cost, saving clients both time and money compared to third-party appraisals. Q: Is Calvert Home Mortgage an Alternative Lender? A: No. Calvert Home Mortgage operates as a Mortgage Investment Corporation (MIC), a type of Mortgage Investment Entity (MIE). While we share some similarities with alternative lenders in offering flexible solutions, we are regulated under the Income Tax Act as a MIC. #### How to be Successful in a Market with Economic Headwinds For the past two-ish years, you couldn’t escape headlines about the record-breaking housing industry all over. The number of competing bids on a single property was astonishing, as was the sale price of homes, sometimes going for hundreds of thousands of dollars above asking. As you’ve probably seen, the rhetoric has recently changed with Ontario taking the lead on a slowing housing market. Inflation is affecting the real estate market in each locality differently, and it is important to learn about the Province, City, and Community your investment is located in. Alberta  Alberta has experienced property increases over the last year, and to date, this has reduced the pace of increase in value, and increased supply (listing). An RBC report from June 2022 forecasts property price decreases of 2-5% over the next year in Alberta. Ontario  You cannot escape headlines about people being underwater, dollars away from losing their homes they overbid on, and experiencing a housing correction, especially in Ontario. The June RBC report predicted Ontario’s property prices to decrease 13% over the next year. Canada-Wide Canada-wide, it is generally agreed that downward price pressures will affect the Housing Price Index in most major cities due to inflation. You can directly see pricing trends in your areas by consulting the Housing Price Index (HPI) tool, which we have linked below. In addition, contact your trusted local Realtor if you are close to listing your property: ask for data in the specific community you will be listing to get details on sales volume over the last 60 days, HPI or average price trends, and days on market trends. Don’t assume that downward price pressures in the province will be felt in each city or community in the same way: as with all real estate investment analysis, it is always local. The alarming headlines and projected falling benchmark prices may have you feeling cautious about taking on new projects, or nervous about ones that you already have on the go. If you’re experiencing any of these feelings, you’re not alone. But we’re here to tell you that if you have a plan, and if you stick to it, this is the best course of action to maximize profit. At Calvert Home Mortgage, we strive to support you as best we can by providing resources, educational material, and access to a knowledgeable team that Underwrites your profitability on all projects. We are always available for your questions or to walk you through market research. Read on to hear about factors that contribute to a successful flip or Buy, Renovate, Rent, Refinance (BRRR) project, access resources to consider the current market value, and learn how to manage your profit and risk and find opportunities in a slowing housing market. How to conduct a successful Flip or BRRR First, let’s dive into some tips you should always follow for your projects. Buy Right. Especially in a downward market, you’re going to make money on the buy. Purchasing below market value is going to give you a larger profit margin. Discovering your seller’s pain points can help you solve their problem and reach a mutually beneficial agreement, sometimes being a lower purchase price. Renovate and list or refinance quickly. Ensure your trades are secured beforehand and ready to go. If you have multiple projects on the go, does your team have capacity? Have your property listed for sale quickly or begin the process of refinancing as early as you can to protect and maximize your profit. Your Mortgage Broker can help you with the process of refinancing. Put together a sound reno budget, with a timeline, and stick to it! It’s a good idea to build in a contingency to your renovation budget to accommodate unforeseen circumstances or rising material/labour costs. Be as detailed as possible and do your research on the neighborhood standard so that you don’t over or under-renovate. Keep in mind too the standard of renovation might differ between a flip and a BRRR. Finishings in a rental should be focused on durability and longevity, and flips might require a little more emphasis on design and high end finishings, depending on the neighbourhood. For this reason, turning a flip into a rental and refinancing instead of selling might not be the optimal plan. In some neighborhoods, updating systems such as Poly-B can return value just like finishings, sometimes more when combined with finish updates. Choose a Realtor who knows the market and neighborhood well. They can help pull good comparables and help you determine an appropriate degree of finishings based on the neighbourhood standard. When you list a property, be in touch with your Realtor often so you know how the showings are going; How many have there been and what is the feedback? Your Realtor will be able to compare this to their other experience, specifically in the same neighbourhood which ties into the next point. Price accordingly. Price your property competitively to sell and update it periodically to stay competitive. Your Realtor will monitor showings and can help you determine if the activity is likely to produce a sale; if the activity is low, consider if the price is competitive enough to attract the available buyers in the market. The worst thing you can do is ride the market down. If you wait out the sale of your property by pricing too high or hesitating to sell, you could be setting yourself up for a lower sale price and farther in the future, both of which affect your profit. If this is a rental property, do your research on similar properties. A great resource for finding market rents is Door Insight. What are people willing to pay for your property realistically? Stage your property well and take quality photos for the listing. Staging can help buyers envision themselves living in the property. This applies to rental properties as well. Tenants have an easier time picturing themselves in the home when there’s furniture and nice photos will attract their interest and make your property stand out. Running your numbers You must know how to properly run your numbers on every project, particularly in a slowing market when uncalculated errors won’t be so forgiving. This goes for flips and BRRRs. When conducting a flip, ensure you build in a contingency in your renovation budget. You need to have funds to carry out the project to cover your mortgage payments, insurance, utilities, property taxes, and anything else required over the duration of the renovation. You should also leave yourself enough room to still make a profit if the market drops by the time you sell.  If your profit margin is narrow, your risk increases. Some of the same points apply for a BRRR although your end goal is different, and cash flow as well as cash on cash return are important for these projects. When projecting your cash flow, always build in costs including maintenance and repairs, property tax, vacancy, utilities, and insurance. We have a great flip analyzer for analyzing your deals. Access it here. (Sample Alberta Flip Analzyer). Learn more about the numbers in the flip analyzer. Resources to utilize to consider the current market value Finding an accurate value for your property is easier said than done. There are multiple different factors that impact the market value of your property and Calvert Home Mortgage builds this into our Underwriting. If you manage your own profit and risk, then you are effectively managing ours. That’s why we provide resources to aid our borrowers in making decisions that will ensure you’re profitable. Here are a few resources you can use to determine the current market value: Check on HPI in your community to get an idea of overall trends. You can get access to your own community’s housing stats through your Realtor. The team at Calvert Home Mortgage puts together an in-depth economic report for both Alberta and Ontario each month. This report highlights many factors you want to keep your eye on such as GDP, economic stats, unemployment, population, bond rates, housing starts, and other economic indicators. We put together an explanation to explain what economic indicators matter most, and how to interpret them. Access “An Economic Roadmap: How to Read the Signs." (Ontario, May 2022 Economic report) Being aware of other trends such as migration can help you understand what might happen to the housing market over the next while as well. For example, The Canadian Real Estate Association (CREA) offer statistics from Calgary Real Estate Board (CREB) on migration to Alberta. The report indicates that there was a net increase of 16,510 people to Alberta’s population in the first quarter of 2022. This was a combination of international immigration, and inter-provincial migration, both higher than the same period in 2021. Additionally, there was a 12.4% decrease in people leaving Alberta for other provinces this quarter. (CREA stats, Alberta Migration) How does inflation affect you as a real estate investor? It’s no secret that inflation is alarmingly high in Canada: a 40-year high to be specific. This impacts everything from your potential buyers, renters, materials, and labor. Inflation will continue to affect materials and labor, so it’s important that you price in some cushion to take care of unexpected increases from these areas. If you account for this in your renovation budget, you will be fine. Another side effect of high inflation and rising interest rates is far less buying power for individuals. This presents an opportunity on the rental market side. You may have heard how low the rental vacancy rates are now. Just as a few months ago there were many buyers lined up for a single property, now there are many renters inquiring about a listing. Some buyers have been priced out of the market, and even if there were planning to buy, they might now be looking to rent for the foreseeable future. That, in addition to the migration of people from other provinces, particularly to Alberta, increases the rental pool. Lots of people have sold their homes recently that were rental properties that were underperforming and now those rates are being brought up to market value. So what does all this mean for you? There are tons of opportunities for real estate investors in this market. You must be more cautious with your investments, be diligent in running your numbers, and work with a strong knowledgeable team, but there are good deals out there and if you stick to your plan, you will be doing your best to make your best profit. Buying right (ie., below market value) is the single biggest success factor. It’s important to note too that while recent decreases in some communities are real, and in particular southwestern Ontario, the market is still above what it was 6 months ago. A slower real estate market means the potential to get lower accepted offers in some cases, less competition, and if you’re a buy and hold investor, you can experience increasing rents due to high demand and limited supply. Remember that while demand is slowing, houses are still selling. Buyers prefer renovated and turn-key properties, so yours is likely to stand out. Monitor the traffic to your listing, and welcome feedback. We value our relationship and if there’s anything we can do to support or if you have any questions or would like to submit a property for us to look at, don’t hesitate to reach out. We are happy to discuss the current market trends or your specific project with you at any time. Rob Maver – rob@chmic.ca Garrett LaBarre – garrett@chmic.ca Sherwin Dziwenka – sherwin@chmic.ca #### How to Build a Network of Repeat Clients Are you looking to build a loyal client base that returns to you with new business year after year? Partnering with Real Estate Investors (REIs) is a powerful way to build a network of repeat clients and transform your business in ways that traditional clients may not. In this article, we’ll provide information and ideas on how to grow your business by serving REIs. We will explore the benefits of focusing on this niche, the opportunity in Alberta and Ontario markets, and effective strategies for building strong, long-term partnerships. Why Focus Your Business on Real Estate Investors? Here’s why this under-served, high-potential niche is worth focusing on: Access a Niche Market Real Estate Investors operate differently from typical homebuyers. They may flip properties or hold rental units as long-term investments, and their financing needs reflect these strategies. Traditional Mortgage Brokers often overlook this niche, which creates a substantial opportunity for you to specialize in the unique needs and challenges of Real Estate Investors. By offering tailored mortgage solutions, you can stand out as a go-to expert, tapping into a growing market with a high potential for recurring business. Establish Long-Term Client Relationships Real Estate Investors are more likely to return for financing as they grow their portfolios. Once you’ve built trust and shown an understanding of their business, REIs may approach you repeatedly for future projects. With each new investment, you’ll grow more familiar with their needs, making transactions more efficient and fostering loyalty. This rapport often leads to referrals, as satisfied clients are more likely to recommend you to others in their network. Meet Diverse Financing Needs While some REIs focus on short-term property flips, others implement a buy-and-hold strategy and add rental properties to their portfolios. This approach presents you with repeat financing opportunities, including initial purchase and renovation financing and potential long-term refinancing once the project is complete. By supporting both short-term and long-term strategies, you can offer continuous value and a reliable business pipeline. How to Find Real Estate Investor Clients Finding Real Estate Investor clients involves proactive strategies. Here are some effective ways to expand your reach: Leverage Your Existing Network If you’re already working with REIs, ask for referrals or recommendations within their community. Engaging directly with the REI community, perhaps by attending local events or participating in online forums, can help you connect with potential clients. Being part of the community allows you to gain their perspective and build credibility as a peer, not just a service provider. Collaborate with Realtors® Working with Real Estate Investors Partnering with Realtors® who specialize in REIs can open up new opportunities to support their clients in financing projects. This approach can create a reliable pipeline of deals and enhance your visibility among REIs, building trust through referrals from a Realtor® they already work with and fostering lasting connections within the investment community. Attend Industry Events Conferences, meetups, and other real estate investment events are excellent opportunities to meet active Real Estate Investors. These events allow you to share your expertise, answer questions, and demonstrate your understanding of their unique challenges. Without a hard sell, you can showcase your knowledge and build relationships that may convert into future business. Engage with Online Communities The online REI community is expansive, with numerous groups on LinkedIn and Facebook (such as Canadian Flipping Nation), and dedicated forums where Real Estate Investors share tips, ask questions, and network. Actively participating in these spaces by answering questions, sharing resources, and showcasing your expertise can help you connect with REIs on a larger scale. By providing value in these communities, you can establish yourself as a knowledgeable Broker invested in their success. Becoming a Trusted Partner for Real Estate Investors To truly support REIs and encourage repeat business, you must go beyond standard mortgage services. Here’s how you can establish yourself as a trusted partner who adds value to their real estate investment journey: Provide Strategic Insights REIs appreciate guidance that helps them make informed decisions. By offering insights on aspects like renovation choices that yield the best ROI or financing options aligned with different investment strategies, you can position yourself as an essential partner. This type of support shows you’re not just closing deals but helping Real Estate Investors maximize their portfolio’s value and potential. Showcase Case Studies Highlight successful deals where you’ve helped clients achieve their investment goals. For instance, show how strategic financing solutions allowed clients to complete a profitable flip or expand their rental holdings. Concrete examples like these can be a powerful tool to attract new REIs, as they see real-world evidence of your commitment to helping clients succeed. Stay Updated on Policy Changes The real estate investment landscape is heavily influenced by regulatory changes, from zoning laws and rental policies to tax implications. Brokers who keep clients informed on these shifts provide invaluable support. By staying up to date on relevant policies and explaining their potential impacts, you can support REIs in making better investment decisions. This proactive approach not only strengthens your role as a partner but also increases trust. Investment Potential: Alberta and Ontario’s Aging Housing Stock Both Alberta and Ontario present many opportunities for real estate investment due to aging housing stock, which creates demand for renovations and upgrades. Understanding this local context allows you to position yourself as a valuable partner to Real Estate Investors in these regions. Alberta In Alberta, the challenge of older housing stock presents an opportunity for real estate investment. According to CMHC data, over 1 million homes in the province are over 20 years old. On average, 32% need minor repairs, and 9% need major repairs. Assuming only 5% of the homes in need of minor repairs are good flip candidates, and 20% of homes in need of major repairs are good flip candidates, there are approximately $15.7 billion dollars* of inventory available. This means there would be roughly 35,000 properties to flip, which represents only about 3% of the total homes over 20 years old. *Assuming an average value of $450,000 Ontario Similar to Alberta, in Ontario, the challenge of older housing stock presents an opportunity for real estate investment. According to CMHC data, over 4 million homes in the province are over 20 years old. On average, 28% need minor repairs, and 7% need major repairs. Assuming only 5% of the homes in need of minor repairs are good flip candidates, and 20% of homes in need of major repairs are good flip candidates, there are approximately $106.4  billion dollars* of inventory available. This means there would be roughly 125,100 properties to flip, which represents only about 3% of the total homes over 20 years old. *Assuming an average value of $850,000 How Calvert Home Mortgage Supports Real Estate Investors Calvert Home Mortgage specializes in funding properties that don’t fit conventional standards. Here’s how we can support Real Estate Investors in Ontario and Alberta:  We understand the urgency in securing Flip/BRRR mortgages and can provide funding on a rush basis in as little as 1-3 business days in Ontario and 1-2 business days in Alberta after receiving all required documents. A rush fee of up to $1,000 may apply. No appraisals are required for properties valued up to $1.5 million. Our team of Real Estate Analysts conducts free in-house valuations, typically completed within 1 business day. Appraisals are required on multi-family properties greater than four units. Minimum $20K down in Ontario and $10K down in Alberta on properties valued up to $800K. We do this by lending against the after-repair value on approved projects Fully open mortgages with no prepayment penalties and a no renewal fee option for borrowers in good standing. We fund properties in all conditions. We can pre-approve you before submitting a project and before you make an offer to purchase. To do so, we evaluate the property’s after-repair value and determine the likelihood of success. The Bottom Line Focusing your business on Real Estate Investors offers a unique opportunity to build a network of repeat clients. By understanding their needs, finding ways to connect, and providing strategic support, you can position yourself as a valuable partner in their journey. In doing so, you’ll not only help your client’s success but also foster long-term relationships that increase the stability and growth of your brokerage business. Let’s work together to support Real Estate Investors in Alberta and Ontario.  Click here to book a Broker Presentation and learn more. Sources: https://www.canada.ca/en/immigration-refugees-citizenship/news/2022/12/canada-welcomes-historic-number-of-newcomers-in-2022.html https://www.canada.ca/en/immigration-refugees-citizenship/news/notices/supplementary-immigration-levels-2023-2025.html https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/housing-shortages-canada-updating-how-much-we-need-by-2030 https://publications.gc.ca/collections/collection_2023/schl-cmhc/NH21-25-2023-eng.pdf https://www.cmhc-schl.gc.ca/blog/2024/what-canada-potential-capacity-housing-construction#:~:text=Even%20with%20a%20record%2Dhigh,have%20not%20kept%20the%20pace. https://www.mpamag.com/ca/mortgage-industry/market-updates/cmhc-reveals-housing-market-outlook-for-2024/487606 #### How to Compare Real Estate Lending Options: Why Speed & Structure Matter as Much as Rate When it comes to real estate investor financing, many investors start by asking one question: What’s the rate? Rates matter, but they’re only one piece of the total cost of capital. The true cost of financing also depends on how quickly you can access funds, how much capital you keep available for other deals, and how flexible your lender is when your plans evolve. Equally important - and often overlooked - are the fees associated with a deal. Beyond interest, real estate investors should consider Lender and Broker fees, appraisal and legal costs, potential renewal or extension fees, and any early payout or discharge costs. These can significantly influence your total project costs and your overall return. When it comes to flips and BRRRs (Buy, Renovate, Rent, Refinance), speed and structure often matter more than rate. The best deal on paper means nothing if you can’t close on time, fund your renovation, or pivot when the market shifts. Beyond the Rate: What Drives Real Estate Investment Success Sophisticated real estate investors look at the entire deal structure, not just the interest rate. Real success hinges on: How quickly you can access capital How much of your own capital you keep available Flexibility to exit when your plan calls for it The ability to leverage market value, not just purchase price These factors define your ability to stay competitive, seize new opportunities, and maximize your return on invested capital. You create the opportunity. Financing should support your execution, not slow it down.   What to Consider When Comparing Lending Options Amount of Capital Required The less capital you tie up, the more deals you can complete. Lower down payment options allow you to scale faster and improve your overall return. Timeline to Fund Great deals don’t wait. The lender’s funding speed can make or break an opportunity – especially in competitive markets or when sellers prioritize certainty. What the Lender Bases Value On Most lenders finance only on the purchase price. At Calvert Home Mortgage, we lend based on the current market value, providing real estate investors with leverage when they buy properties below market value, and support them in accessing more working capital. Term Structure & Flexibility Your term structure impacts both your exit strategy and your monthly cash flow. Compare options such as interest-only versus amortized payments, open versus closed mortgages, and whether early payouts or extensions are allowed without penalties. At Calvert Home Mortgage, we offer fully open, interest-only mortgages built for real estate investors, providing the flexibility to payout at any time without prepayment penalties. Rates & Fees A rate alone does not determine the total cost of capital. Fees often play a bigger role in your final outcome, especially for short-term projects. When comparing lenders, review all fee components, including: Lender and Broker fees Whether fees are included in the loan amount (important for the Loan-to-Value (LTV) calculation and cash-to-close) Appraisal costs Legal and closing fees Renewal or extension fees Early payout or discharge fees Other administrative or processing costs A slightly higher rate paired with lower fees or a more flexible loan structure can cost significantly less overall and allow you to keep more capital liquid. Conversely, a low advertised rate with high or unexpected fees can erode your margin. Always compare the full fee structure, not just the rate. Your profitability depends on the total cost of capital, not a single number. Transparency The best lenders make pricing and terms clear up front. At Calvert Home Mortgage, transparency is at the core of how we operate – because confident real estate investors make confident decisions. Why Structure and Speed Matter More than Rate Before focusing on the rate, run the numbers on the total cost of capital. A lender with a higher rate but lower fees, faster turnaround, and more flexible structure may deliver a more substantial potential return, especially if it enables you to take on more projects with the same capital.Before focusing on the rate, run the numbers on the total cost of capital. A lender with a higher rate but lower fees, faster turnaround, and more flexible structure may deliver a more substantial potential return, especially if it enables you to take on more projects with the same capital. Consider the following real-world scenario. A real estate investor completed three successful flips in roughly 15 months using fast, flexible financing. Even though the interest rate was higher, the real estate investor was able to move quickly, preserve capital for renovations and carrying costs, and keep deals flowing – turning over three properties with only $75,000 tied up in down payments.   Now compare that to a slower, lower-rate strategy – one that requires higher down payments and reduced rates. On paper, the lower-rate approach appears more profitable per deal. However, that assumes the real estate investor has access to nearly four times the capital for down payments, as well as sufficient funds for renovations and carrying costs. In reality, many real estate investors can’t deploy that much capital at once. In this example, the real estate investor who leveraged lower down payments earned less per project but was able to complete three profitable flips in the same timeframe, resulting in stronger overall returns, higher ROI, and greater momentum. *Net profits are not guaranteed and will vary depending on the project. Interest rates and fees are determined on a deal-by-deal basis and can change based on several different factors. **Rates are subject to change. Contact us for current rates. Speed and Structure Beat Rate A lower rate doesn’t matter if you can’t do the deal. Liquidity equals opportunity, and speed beats rate. When comparing real estate lending options, look beyond the rate sheet. Evaluate how the lender’s structure, flexibility, and speed align with your goals. At Calvert Home Mortgage, we support real estate investors to execute faster, preserve capital, and scale confidently – because the right financing should empower your next move, not delay it. Ready to Structure Smarter Deals? Comparing lending options is more than chasing the lowest rate. It’s about understanding how structure impacts your speed, flexibility, and ROI. Explore more real estate investor insights and financing strategies on our Learn page. We’d love to hear from you: What’s the biggest factor you consider when choosing a lender? Join the conversation by reaching out to our Business Development team today. Alberta | Kaelan Nelson Email: kaelan@chmic.ca Cell: 587-585-4571 Book a meeting here. Ontario – GTA | Katarina Jarossy Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Book a meeting here. Ontario – Anywhere Else | Dan Werner Email: dan.werner@chmic.ca Cell: 416-316-5336 Book a meeting here. FAQs: Comparing Real Estate Lending Options Q: Why shouldn’t I choose a lender based solely on the lowest interest rate? A: A low rate doesn’t always mean the best outcome. If the lender requires a larger down payment or takes weeks to fund, you risk losing opportunities or tying up capital you could use elsewhere. The best financing supports your deal strategy, not just your balance sheet. Q: How does lending on market value benefit real estate investors? A: Many lenders base their loans only on the purchase price. Calvert Home Mortgage lends on the current market value, which means if you buy below market, you can borrow against the higher value. This increases leverage and frees up more capital for renovations, carrying costs, or additional projects. Q: How important is funding speed when flipping or refinancing? Critical. In a competitive market, the real estate investor who can fund quickly often wins the deal. Fast access to capital lets you secure properties, start renovations sooner, and turn your capital over more efficiently. Q: What’s the difference between open and closed term mortgages? A: An open mortgage allows early repayment at any time without penalty – ideal for short-term projects like flips and BRRRs (Buy, Renovate, Rent, Refinance). A closed mortgage offers a lower rate but limits the flexibility of early payout. Choosing the right structure depends on your project timeline and exit strategy. Q: How can I decide which lender is right for me? A: Ask yourself: Can they fund fast enough to keep my deals moving? Do they lend on market value or only on purchase price? Are their terms flexible if my project timeline changes? Do I clearly understand all rates and fees upfront? If the answer is “yes” to all the above, you’ve found a lender who supports your success, not one who slows it down. TL;DR When comparing real estate lending options, don’t just focus on the interest rate. The true cost of capital includes how fast you can access funds, how much of your own cash stays liquid, and how flexible your lender is when your plans shift. Fees, renewal or extension costs, appraisal and legal fees, and payout or discharge fees all impact your real return and should be part of every lender comparison. The most successful real estate investors prioritize deal structure, speed, and flexibility over the lowest rate. The right financing keeps your capital working, supports multiple projects at once, and helps you scale your portfolio faster. At Calvert Home Mortgage, we lend on market value (not just the purchase price), fund quickly, and offer transparent terms designed to support real estate investors to execute faster and protect liquidity. #### How To Get Out Of Debt, Even If You Have No Money The weight of debt can be overwhelming, with little hope of getting out from under it. If you only have enough money to live each month, debt along with high interest payments make the situation seem even more hopeless. But it’s possible to eliminate debt, even a little bit at a time, with some knowledge and planning to pave the way. Even lowering your monthly debt payments can provide some breathing room and provide more money to live. So let’s look at how to get out of debt, even if you have no money, are on a low income, or are suffering from the weight of too much debt. 1. Take Stock of The Situation Start by making a list of all your debts, with details about the principal (amount of the loan), the interest rate, the term, and the monthly payments. You can’t make a plan to get out of debt without fully understanding your current situation. Then, create a list of your monthly expenses, or what it costs you to live, with necessary items like groceries and utilities. The final piece of the puzzle is your income, with all sources noted. This will give you a sense of whether you have room to pay more money to debt, and it will show areas where you could trim spending on unnecessary items to save money, and then put those resources toward debt. Calvert Home Mortgage Investment Corporation has a debt consolidation tool that can help you when calculating income vs. outgoing cash. 2. Stop Using Credit Cards If you have credit card debt, you’re likely paying among the highest interest rates of any type of arrears. The more you use them, the harder it is to eliminate those charges. If you’re only able to make minimum payments, that makes the situation even worse. So, while not using them sounds obvious, it’s still hard to do. But it’s key. Put your cards away in a safe place so you aren’t tempted to use them. If you only use cash for purchases, you’ll only buy what you need. Getting out of debt requires you to take charge of how much money you actually have to spend. And if you don’t have much money, you need to eliminate unnecessary purchases. Start by keeping track of all expenditures for one month, and use that as a guide to eliminate extra spending or make adjustments where needed. Here’s one example. Carry a water bottle for each member of your family wherever you go, so you don’t have to purchase water. If you do go to a restaurant, order tap water. A family of four, even eating at McDonald’s once a week, can save $340 a year by drinking tap water or the bottled water brought from home. That money can in turn be used to pay down credit card debt, saving another $60 in interest. With little effort – and the side benefit of not ordering sugary drinks – you’ve saved $400 a year. Use the information from your month of tracking along with your budget to make spending decisions based on what you need (rent, groceries) compared to what you want (soda at McDonald’s, a latte every day, or a new pair of shoes). Make sure purchases are based on how much money you actually have to spend. Don’t get the cards out of their hiding place until you have the balances completely paid off. 3. Focus on Paying One Debt At A Time If you have more than one debt, choose one and focus on paying it off. There are a few strategies you can use. The first is to choose the payment with the highest interest rate. If it’s the credit cards, pay them off and then don’t use them. If you have multiple payments, continue to make minimum payments on them all, but focus more money on the one with the highest interest rate. When it’s paid off, turn to the next highest interest rate, and try to eliminate that payment. Continue to allocate the same amount of money to debt payment, even as you eliminate debts. You can also choose the smallest arrears and get rid of it first. That will help build momentum and allow you to then choose another debt to pay down. Whichever strategy you choose, continue to put any extra money to paying debt. 4. Consolidate Your Debt If you have multiple loans and arrears, it’s worth looking for help to consolidate your debt and pay it off faster. Let’s say you have credit cards, a line of credit, a car loan, and perhaps other payments like property taxes or even CRA debts. While a good tactic involves paying off one debt at a time, sometimes there are just too many payments, making it impossible to get ahead. If you have little extra money, that makes it even harder. Add to that large monthly payments, high interest rates that make it more difficult to pay off the actual loan amount, and possible penalties for late payment. If your payment includes a mortgage, you could be in danger of a foreclosure. All the while, your credit score is being impacted, and of course the stress is affecting your peace of mind. That’s when you need debt consolidation. For instance, if you own your home, Calvert Home Mortgage will provide a first or second mortgage along with a plan to eliminate debt. By accessing the equity in your home, you’ll get resources to pay off debt. Use the mortgage loan to eliminate your multiple payments by paying off the principal, making any late payment charges, and get balances down to zero. While you will still owe money in the form of that mortgage, the interest rates will be lower. That means the cost of borrowing is less and your monthly obligation will be reduced to one payment, which will likely be much lower than the total payments for the debts you consolidated. You’ll also benefit from re-establishing your credit rating, which allows you to eventually seek refinancing at a conventional bank at a lower interest rate. Eventually, you can gain the peace of mind that comes with eliminating debt. Consolidating debt is one of the best paths to debt elimination, particularly when you don’t have extra money to make multiple payments. The Bottom Line Taking out loans is often necessary, such as student loans to afford schooling, or a mortgage to invest in a home instead of paying rent. But there are times when debt becomes a burden. If you have many payments and can’t keep up, if you have credit card debt with an inability to make more than minimum payments, or if your interest rates are so high that it’s impossible to pay off the principal, it’s time to look for help. Strategies like debt consolidation, a second mortgage, or even simply seeking the advice of an experienced partner like Calvert Home Mortgage Investment Corporation will help you develop a strategy to get - and stay - out of debt. #### How to Spot Hidden Value in Distressed Properties When most real estate investors hear the term distressed property, they think of renovation — rip out the old, bring in the new, and profit from the resale or refinance. However, learning how to spot hidden value in distressed properties means looking beyond cosmetic upgrades. In this article, we’ll show you how to uncover hidden value in distressed properties using five overlooked strategies — no sledgehammer required. Find Investment Value Hidden by Poor Marketing Many properties stay on the market not because they’re flawed, but because sellers present them poorly. For example, listings may feature low-quality photos, poor staging, vague descriptions, or unresponsive sellers or agents. Opportunity: Research and view properties in person. You may uncover strong fundamentals such as a great location, solid structure, or appealing layout that the listing failed to communicate. As a result, these overlooked gems can offer excellent investment potential. Access Value Through Zoning and Land Use Sometimes, the true value of a property lies in how it can be used in the future. A single-family home in a multi-unit zone, or a small commercial property in a transitioning neighbourhood, may carry untapped value. Moreover, zoning and land use potential can drastically increase a property's worth, especially in high-growth or infill areas. Opportunity: Check with your municipality to understand current zoning and explore planned changes through Area Structure Plans or Area Redevelopment Plans. By knowing a property’s future use potential, you can significantly boost its resale value even if you don't plan to redevelop. Maximize Value Through Lot Size and Property Configuration A larger-than-average or corner lot can open the door to creative strategies. For instance, real estate investors may add a laneway suite or garden suite (depending on the market), build additional units, or—in some cases—even split the lot through severance or subdivision. Opportunity: Identify properties with excess land or unconventional layouts that you could reconfigure or develop more efficiently. These opportunities are especially common in areas recently affected by zoning reclassifications. In addition, many municipalities now support densification, making these strategies more accessible for real estate investors. Underutilized or Vacant Properties with Income Potential Some distressed properties sit vacant or generate little income due to neglect or poor management. At first glance, these situations can appear risky. Nevertheless, they may offer a clean slate to create a strong cash-flowing asset. Opportunity: Target vacant or owner-occupied properties that you can reposition as income-generating rentals after purchase. Negotiate with Motivated Sellers In many cases, the property isn’t the only one distressed—the seller is, too. Divorce, probate, relocation, financial hardship, or other life events often motivate sellers to offload quickly. Opportunity: These scenarios usually allow for flexible terms such as delayed closings, price discounts for fast closings, or seller concessions. Consequently, you can improve your return without needing major renovations Final Thoughts: Look Beyond the Obvious Distressed doesn’t mean doomed — it often means opportunity. While cosmetic improvements are one path to profit, they’re not the only one. Understanding the local market, property configuration, income potential, and seller motivation can uncover value others miss. The most successful real estate investors know how to think creatively and strategically, turning overlooked properties into smart, profitable investments. Ready to fund your next deal? Submit an application easily through your mortgage broker or right here. Have questions? Let’s connect! Use the contact information listed below to reach our team. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. Got insights or ideas to share? We’d love to hear from you! Many real estate investors bring valuable expertise, and we welcome your perspectives on deal sourcing or investment strategies. Email us anytime at info@chmic.ca.   TL;DR Distressed properties often have hidden value beyond just renovations. Poor marketing can mask strong fundamentals like location and structure. Zoning and land use potential can significantly increase property value. Larger or awkwardly shaped lots may allow for additional units or subdivision. Vacant or underutilized properties can be repositioned for rental income. Motivated sellers may offer flexible terms like delayed closings or price discounts. Savvy real estate investors look beyond cosmetic fixes to uncover profitable opportunities without heavy upfront costs. #### How to Use Blanket Mortgages to Scale Your Real Estate Investment Portfolio with Less Cash Up Front Finding a great investment property is one thing—securing financing, particularly for a dilapidated or uninhabitable property, is another. Traditional lenders often shy away from these deals, but at Calvert Home Mortgage, we offer a creative solution: blanket mortgages. What is a Blanket Mortgage? A blanket mortgage allows you to use the equity in one property to fund the down payment or renovations of another. It’s an excellent tool for real estate investors, especially those working on BRRR (Buy, Renovate, Rent, Refinance) or flip projects. You can unlock capital without draining your resources or relying on traditional lenders who may not fund unconventional properties. Funding an Investment with a Blanket Mortgage Take a look at how one of our clients used a blanket mortgage to fund a unique investment opportunity. A real estate investor owned a property worth $900,000 with an existing $450,000 mortgage. They wanted to purchase an off-market, uninhabitable property listed at $650,000, which required a $145,000 down payment. However, traditional lenders were not an option due to the real estate investor’s high debt-to-income ratio, the property’s uninhabitable condition, and a lack of cash for the down payment. Calvert Home Mortgage stepped in with a blanket mortgage. Here’s how it worked: The client’s existing property had enough equity to cover the down payment. We lent up to 75% Loan-to-Value (LTV) on the $900,000 property, which allowed the Real Estate Investor to access $225,000. In securing both properties, the real estate investor was able to borrow against the equity in their current property and walk out of the lawyer’s office with a draft in hand, ready to finance $80,000 worth of renovations. We considered the remaining equity of approximately $145,000 a secured down payment, enabling the client to trigger a lower-rate option without having to put any cash down on the purchase. With no appraisal* and no delays, the deal was sealed. * No appraisals are required for properties valued up to $1.5 million. Our team of Real Estate Analysts conducts free in-house valuations.  Appraisals are required on multi-family properties greater than four units.   This quick, creative mortgage solution allowed the real estate investor to move forward with their project in just two business days! How Calvert Home Mortgage Supports Real Estate Investors Calvert Home Mortgage specializes in funding properties that don’t fit conventional standards. Here’s how we can support real estate investors in Ontario and Alberta:  We understand the urgency in securing Flip/BRRR mortgages and can provide funding on a rush basis in as little as 1-3 business days in Ontario and 1-2 business days in Alberta after receiving all required documents. A rush fee of up to $1,000 may apply. No appraisals are required for properties valued up to $1.5 million. Our team of Real Estate Analysts conducts free in-house valuations. Appraisals are required on multi-family properties greater than four units. Down payment options as low as $10K in Ontario and Alberta. Fully open mortgages with no prepayment penalties and a no renewal fee option for borrowers in good standing. We fund properties in all conditions. We can pre-approve you before submitting a project and before you make an offer to purchase. To do so, we evaluate the property’s after-repair value and determine the likelihood of success. The Bottom Line If you’re a real estate investor looking to flip a property or tackle a BRRR project, Calvert Home Mortgage’s fast, flexible, and creative mortgage solutions can support your success. Click here to book a free discovery call to learn more about our Ontario solutions, and click here to learn more about Alberta solutions.    Sign up for emails tailored for Ontario Real Estate Investors and Alberta Real Estate Investors to stay informed and learn more about how we can support your investment journey.   #### Improving Housing Supply Through Real Estate Investors Real estate investors play a vital role in improving housing supply across Canada. By purchasing and renovating properties, especially those in disrepair or located in overlooked neighbourhoods, real estate investors help restore aging homes and increase the availability of safe, livable spaces. This work strengthens communities and supports long-term growth. At Calvert Home Mortgage, we specialize in fast, flexible, short-term mortgages designed for real estate investors. Your efforts to bring homes back to life don’t just build your portfolio — they create meaningful, visible change in the communities where you invest. The Role of Real Estate Investors in Canada's Housing Market With inventory and affordability challenges across the country, real estate investors play a critical role in easing pressure on the system. Many of the homes that need the most work (those built before 1970) are often passed over by typical buyers. That’s where real estate investors step in. According to 2021 data from CMHC and Statistics Canada (the most recent available until the next census in 2026), over 5.6 million homes in Alberta and Ontario are more than 20 years old. Many of these aging properties present prime opportunities for real estate revitalization. In Ontario, more than 4.4 million homes fall into this category. Based on our conservative estimate, 5% of homes needing minor repairs and 20% of homes needing major repairs are viable flip candidates. That means there are approximately 124,000 potential flip opportunities in the province. In Alberta, with 1.2 million homes over 20 years old, we estimate around 43,000 properties meet the same criteria. That’s over 167,000 homes across both provinces that could present profitable opportunities for real estate investors. Most homebuyers aren’t equipped financially or logistically to take on extensive renovations. Real estate investors fill this gap by purchasing older, under-maintained properties, completing the necessary repairs, and transforming them into safe, functional, move-in-ready homes. In doing so, they not only uncover investment opportunities but also help renew aging housing stock and increase the availability of livable homes in their communities. Flipping is Misunderstood — But It's Vital to Housing Supply Flipping often gets a bad reputation, but it’s one of the fastest, most effective ways to add quality housing to the market. Real estate investors bring expertise, teams, and capital to tackle renovations that most buyers can’t manage alone. Here’s what flipping really does: Adds supply to the market faster than new construction Provides more affordable alternatives to brand-new homes Revitalizes older neighbourhoods, making them safer and more attractive Reduces urban sprawl by reusing existing infrastructure There’s also a common misconception that flipping drives up prices. In reality, flippers succeed when they price their homes competitively. As our Real Estate Investing and Flip Mortgages Whitepaper outlines, renovated homes must align with the local market to sell quickly. Real estate investors don’t inflate prices — they add value and provide affordability for buyers who want a finished home but can’t handle renovations on top of their mortgage. How Calvert Home Mortgage Supports Real Estate Investors At Calvert Home Mortgage, we’ve seen firsthand how revitalized homes can uplift entire neighbourhoods. It’s not just about new kitchens or fresh paint — it’s about giving someone a place to live. Here’s how we support your success: Short-term mortgage solutions based on the as-is value of the property Options to blanket multiple properties for access to more capital or lower rates Quick funding to help you move fast when it matters most People-first support, because we care about the people and communities behind every mortgage Our Mission and Values in Action At Calvert Home Mortgage, our vision is clear: Homes in revitalized communities are possible for all. Our mission is to be the most trusted mortgage lender in Canada so that our customers, investors, and partners succeed and grow in thriving communities. We live this mission through our values — Service, Trust, Education, People, and Solutions — the ‘STEPS’ we take every day to share we care. We believe that when we support real estate investors, everyone benefits. Fund Your Next Project Whether you’re flipping a property, adding a legal suite, or improving a rental, Calvert Home Mortgage is here to support your goals. Connect with us today about short-term mortgage solutions designed for real estate investors. Together, we can build better housing and communities across Canada. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario deal submissions, click here. To learn more about Calvert Home Mortgage in Ontario, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. TL;DR Real estate investors are helping revitalize communities across Canada by restoring aging homes, increasing housing supply, and creating more affordable options. Calvert Home Mortgage supports these efforts by offering fast, flexible short-term mortgage solutions designed specifically for real estate investors. Whether you’re flipping or implementing a BRRR (Buy, Renovate, Rent, Refinance) strategy, your work makes a meaningful impact, and we’re here to support. FAQs Q: What role do real estate investors play in the housing market? A: Real estate investors help improve housing supply in two key ways. First, purchasing and renovating older or neglected homes returns safe, livable properties to the market much faster than new construction. Second, and increasingly important, is the growing trend of adding density, such as legal basement suites, garden suites, and laneway homes. By creating additional self-contained units within existing properties, real estate investors make it possible for more individuals or households to access housing in established neighbourhoods. Q: Do flipped homes drive up housing prices? A: Not typically. Most real estate investors price their flipped homes to match the local market. The goal is to sell quickly, not to inflate values. In many cases, these homes were previously uninhabitable and would not have contributed to the available supply without substantial renovation. Increasingly, real estate investors are also creating new housing options by adding secondary units (like basement, garden, or laneway suites), which helps improve density without raising the overall price of the property. In these cases, two households may share the same mortgage footprint, using existing space better without driving up market values. Q: Why is revitalizing existing homes better for communities? A: It reduces urban sprawl, uses existing infrastructure, and helps restore neglected neighbourhoods. Revitalized homes also improve safety, livability, and local property values. Q: How does Calvert Home Mortgage support real estate investors? A: Calvert Home Mortgage offers short-term mortgage solutions based on the property's as-is value, fast funding, and flexible solutions, making it easier for real estate investors to act quickly and confidently. #### Interim Purchase Mortgages – Fast, Flexible Short-Term Solutions for Your Clients Do you have clients in Alberta and Ontario who need fast, flexible financing to close on a property they intend to sell or refinance right away? If so, Calvert Home Mortgage can support you with a short-term Interim Purchase mortgage. An Interim Purchase is designed to give your clients access to quick closing times, additional capital, flexible terms, and minimal down payment—all without the constraints of traditional financing. In the past six months, Calvert Home Mortgage has supported Mortgage Brokers in securing $105M+ in Interim Purchase mortgages for their clients. Here are a few examples of how we’ve helped: Case Study: Rapid Funding for Timely Close & Refinancing Calvert Home Mortgage provided quick funding for a self-employed client, issuing a Commitment Letter within 3 hours, enabling a one-day close. The client refinanced and repaid the loan in 37 days without prepayment penalties. Case Study: Quick Financing for Immediate Sale A financially strong client sought short-term financing to purchase a new build with the intention of selling it immediately. Traditional banks wouldn’t finance this situation, so Calvert Home Mortgage provided a solution by lending on the property’s as-is value. The client secured the property, sold it quickly for a profit, and paid off the loan within 22 days without prepayment penalties. Key Benefits of Calvert Home Mortgage’s Interim Purchase Funding is based on the as-is value, not the purchase price. This provides access to more funds upfront and allows for refinancing on the appraised value with a traditional lender. Fast funding, on a rush basis in as little as 1-3 business days upon receiving all required documents. A rush fee of $1,000 may apply. No appraisals are required for properties valued up to $1.5 million. Our team of Real Estate Analysts conducts free in-house valuations, typically completed within 1 business day. Appraisals are required on multi-family properties greater than four units. Fully open mortgages with no prepayment penalties and a no renewal fee option for borrowers in good standing. Why Mortgage Brokers Choose Calvert Home Mortgage While traditional lenders may discourage quick sales and potentially blacklist borrowers for frequent transactions, Calvert Home Mortgage focuses on flexible, short-term mortgage solutions that empower the personal and financial success of you and your clients. We respect the partnership you’ve built with your clients. If a client comes directly to us after working with you, we always make sure to connect them back to you for future opportunities, ensuring your role in their journey is respected. We value trust and will always do what’s right for our partners and clients. Ready to explore how an Interim Purchase mortgage can support your clients’ financing needs? Click here to book a Broker Presentation and learn more about our Alberta solutions and click here to learn more about our Ontario solutions.  #### Investing in Real Estate with a Wholesaler Investing in real estate can be highly rewarding. Whether you choose to hold a rental property for passive income or flip houses for an active income, this form of investment is worthwhile if you have the time, capital and expertise to make it work. When investing in real estate it is important to have a team in place that will help ensure you are investing in quality deals that you will be successful with. Your team may consist of a realtor who understands the marketability of a property, connecting with a wholesaler who will find you a deal on a property and set you up for success, tradespeople who can execute the renovation plan and a financing partner such as Calvert Home Mortgage; offering a unique flip financing product, expertise and tools such as our Flip Analyzer to assist in funding successful flip projects. We will focus on the value of using a Wholesaler in this article. Once those are in place, the next thing to do is to acquire the property – which is typically the area which presents the largest challenge for most real estate investors. There are two main options real estate investors have in order to address this challenge. The first is to hunt for properties on your own, either through listing sites such as Kijiji and contact the homeowners yourself. You then analyze a list of properties that fit your buying criteria and match those to the owner’s selling requirements (e.g. closing date, price, conditions). Then negotiate with the owner and prepare the paperwork to process the deal through the lawyer. By the time you get to close on the deal, something else may not line up (time to work on the project, capital, contractor scheduling). The second way to find deals is to use professionals that will handle most of the work to acquire a property off-market and sell it to you directly. These professionals are called Wholesalers. By definition, a wholesaler finds deals and connects a buyer with those deals, charging a fee for doing so. In essence, they: • Come up with the marketing to attract sellers • Visit the house and take detailed notes on what needs to be worked on • Analyze the property to review the profitability • Negotiate the purchase of the house and firm it up in a contract • Find a buyer looking for this kind of property • Process the purchase and paperwork with the seller's lawyer and buyer's lawyer When you are on the “Buyer’s list” of a particular wholesaler, it gets much easier to select your property from the curated list they send you. They will know the area you wish to buy in, your price range, and the types of houses you are interested in. The next thing for you to do is contact the wholesaler and bid on the home you want. Wholesalers present the homes to you instead of you hunting for them on your own. If you’re a Real Estate Investor looking for properties, wholesalers may be a source of off-market purchase opportunities. Click here for a list of wholesalers in Alberta and Ontario who our Real Estate Investor clients have successfully worked with. Feel free to sign up for their Buyer’s List via the links provided in the PDF. #### Leverage Your Equity to Scale Faster with a Blanket Mortgage in Alberta & Ontario TL;DR: A blanket mortgage enables real estate investors in Alberta and Ontario to access equity across multiple properties without the need for refinancing or selling each one individually. Calvert Home Mortgage lends up to 75% Loan-to-Value (LTV), including fees, on blanket mortgages. Approval can be issued in as little as 1-3 business days, supported by free in-house valuations for properties valued under $1.5 million. Unlock the Potential of Your Built-Up Equity If you’ve built equity in your rental portfolio, you’re sitting on more opportunity than you might realize. Successful real estate investors understand that growth happens when capital keeps moving, not sitting idle. That’s why many leverage their existing properties to fund new purchases or renovations, keeping momentum high and their portfolios expanding. That’s where a blanket mortgage comes in. What Is a Blanket Mortgage - and Why It Matters At Calvert Home Mortgage, we listen to real estate investors and develop flexible solutions to help you act quickly on new mortgage opportunities. Our blanket mortgage was developed in response to feedback from real estate investors. It lets you leverage the equity across multiple properties to access capital, without refinancing or selling each one individually. It’s a smart, strategic way to scale your portfolio while keeping your cash available when it matters most. How a Blanket Mortgage Helps You Scale Faster At Calvert Home Mortgage, we support real estate investors across Alberta and Ontario who want to grow faster with less friction. With a blanket mortgage, you can: Access equity from your existing rentals to fund new acquisitions. Self-fund renovations or improvements for your next project. Consolidate multiple loans into one, simplifying your financing. While Calvert Home Mortgage doesn’t directly fund renovation costs, a blanket mortgage can be the key that unlocks your own capital, helping you cover those improvement costs strategically and keep your projects moving. It also pairs perfectly with our low down payment ($10K) Flip/BRRR (Buy, Renovate, Rent, Refinance) mortgage, which lets you start new projects with minimal cash in and use your existing equity to cover the rest. For renovation-based loans, Calvert Home Mortgage can lend against the After-Repair Value (ARV), not just the purchase price, unlocking even more borrowing potential. Together, these tools help you stretch your capital further, act more quickly, and maintain momentum. How It Works: Illustrative Blanket Mortgage Example Let’s say you already own a rental property worth $600,000 and want to buy another property without selling or refinancing your current one. Step 1: Calculate your available equity You can borrow up to 72.5% Loan-to-Value (LTV) on a second mortgage from Calvert Home Mortgage. Step Calculation Result 1.      Determine property value Based on the current market value $600,000 2.      Apply max LTV 72.5% x $600,000 $435,000 3.      Subtract the existing first mortgage $435,000 - $300,000 (first mortgage) $135,000 available equity You now have approximately $135,000 in available equity that can be accessed through a second mortgage secured against your existing property. Step 2: Use your available equity to buy another property That $135,000 can be used as a down payment or capital source for your next purchase. For example: You want to buy a $500,000 property. You can use $135,000 of available equity from your existing property toward the down payment. Calvert Home Mortgage lends the remaining $365,000, secured by both properties under one blanket mortgage. This structure allows you to leverage existing equity to expand your portfolio without selling or fully refinancing your first property. Depending on your goals, you could use a smaller portion (e.g., $10,000) for a down payment and the rest for renovations, carrying costs, or other investment opportunities. The figures and rates shown in this example are for illustrative purposes only, and use Ontario’s maximum LTV of 72.5%. In Alberta, Calvert Home Mortgage lends up to 72% LTV. Actual rates, maximum LTV, fees, and lending amounts vary depending on factors such as property location, type, and value, as well as the borrower’s profile and equity position. Rates and terms are subject to change without notice and are determined through Calvert Home Mortgage’s underwriting process. Why Real Estate Investors Choose Calvert Home Mortgage Speed and flexibility matter. Once your documentation is ready, we can typically issue fast mortgage approvals in as little as 1-3 business days, supported by free in-house valuations (for properties under $1.5M). That means no third-party appraisal costs or delays, and faster access to capital. Our open terms and no renewal fees (for borrowers in good standing) give you the freedom to refinance or exit whenever it makes sense, maximizing your ROI instead of locking you into long-term commitments. You’ve worked hard to build equity. Now it’s time to put it to work for you. We'd love to hear from you. Have you used a blanket mortgage to grow your portfolio? What strategies or lessons would you share with other real estate investors? Our team is always learning from the community we serve. If you have feedback, insights, or success stories to share – or if you’re ready to explore your next deal – reach out to us anytime. Email info@chmic.ca or contact your regional Business Development representative directly below. Alberta | Kaelan Nelson Email: kaelan@chmic.ca Cell: 587-585-4571 Book a meeting here. Ontario – GTA | Katarina Jarossy Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Book a meeting here. Ontario – Anywhere Else | Dan Werner Email: dan.werner@chmic.ca Cell: 416-316-5336 Book a meeting here. FAQs: Blanket Mortgages in Alberta and Ontario Q: What is a blanket mortgage? A: It’s a single mortgage secured by two or more properties, allowing real estate investors to access combined equity without refinancing each property individually. Q: Does Calvert Home Mortgage lend in both Alberta and Ontario? A: Yes, we support real estate investors in both provinces and provide in-house valuations and region-specific expertise. Q: Can I use a blanket mortgage for renovations? A: Indirectly, yes. While Calvert Home Mortgage doesn’t directly fund renovations, a blanket mortgage can help you access your own equity to strategically finance improvements. Q: How long does approval take? A: We can provide a Commitment Letter in as little as one business day, with funding in as little as 1-3 business days once conditions are met and we have all the required documentation. #### Pre-Approvals for Real Estate Investors: Why It Pays to Be Ready Whether the market is hot or cooling off, one thing stays the same: real estate investors need to act fast. A pre-approval from Calvert Home Mortgage is designed specifically for real estate investors. It gives you the confidence that we’re ready to lend to you or your corporation, so when the right property comes along, you can move quickly and decisively. Why Get Pre-Approved Before You Find a Property? We understand that you’re not buying a forever home — you’re investing in a project. That’s why we tailor our process and financing solutions to support your investment strategy. Pre-approval gives you the confidence to act quickly, knowing we’re comfortable lending to you and ready to support your next deal when the right opportunity comes along. Personal or Corporate Pre-Approval Our pre-approvals are based on you or your corporation, not a specific property. We review your profile in advance to confirm we’re comfortable lending to you. While it’s not a commitment to fund a particular deal, it’s an indication that when you find a profitable project that fits our lending criteria, we’re ready to support it. Think of it as a green light to start your search. When you identify the right opportunity, we’ll complete a full review and valuation to move things forward quickly. Free Property Reviews Found a property you’re interested in? We’re happy to review it before you make an offer to help you assess its potential. While this isn’t formal approval, it can give you extra confidence while negotiating. Our Real Estate Analysts can also complete in-house valuations quickly and at no cost to you, saving you time and money. Valid Up to One Year No need to reapply with each deal. Just send in updated documents (outlined below) and keep moving forward. What You'll Need to Get Pre-Approved We keep our document requirements to a minimum. To get started with a personal or corporate pre-approval, you’ll need: Completed application Most recent Notice of Assessment (NOA) Credit check (we’ll pull this once we receive a signed application) Proof of available capital for Flip/BRRR projects to cover down payment, renovations, and carrying costs. Statements should include your name and be dated within the last 30 days. For corporations, we may request additional documents depending on your structure. Once pre-approved, and when you have a property in mind, we request: Property address Offer to purchase (if available) Renovation plan, budget, and timeline. Use our Renovation Budget Checklist to make this easy; here’s an example of the completed checklist. Clear, recent photos of the property (interior/exterior), if not listed on MLS Deadline for submitting offers (to help us prioritize the valuation) Details of similar past projects, if applicable (address or photos) This allows us to complete an internal valuation so you can make confident, competitive offers. It’s important to note that pre-approvals don’t include a dollar amount but confirm your financial readiness. We keep your application, credit, and NOA on file for a year. Proof of capital is required for each deal. Additional documents may be required, depending on the nature of the deal. You can learn more about our mortgage requirements here. Final approval will still depend on a full review of the property and underwriting requirements, but with pre-approval in place, you’re already a step ahead. Let's Get You Deal Ready Pre-approval is a smart first step for any real estate investor looking to move quickly and make informed investment decisions. Connect with us to start your pre-approval today. For Alberta pre-approvals or to learn more about Calvert Home Mortgage, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario pre-approvals, click here. To learn more about Calvert Home Mortgage in Ontario, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. FAQs Q: Does getting pre-approved affect my credit score? A: Yes. We run a credit check as part of the process, which may have a small impact on your score. The good news is we only need to pull your credit once, and we can keep it on file for up to a year (subject to change). Learn more about how credit checks affect your score from Equifax Canada. Q: Can I use my pre-approval for more than one deal? A: Yes—your pre-approval is valid for 12 months. Just update your documents as new deals arise. Be prepared to update your documents, as some information may need to be refreshed over time. #### Private Lender vs. Mortgage Investment Corporation in Canada Private lenders and Mortgage Investment Corporations (MICs) play significant roles in Canada’s mortgage landscape. Understanding the difference is crucial for borrowers, mortgage brokers, and potential shareholders seeking clarity on how mortgage financing works beyond traditional banks. At Calvert Home Mortgage, we operate as a Mortgage Investment Corporation (MIC), a type of Mortgage Investment Entity (MIE). This structure allows us to pool shareholder capital, combine it with a bank credit facility, and deliver fast, flexible, and transparent mortgage solutions. We’re not a private lender; instead, our MIC model blends the flexibility often associated with private capital with stability, regulation, governance and professional management of an established financial entity. For us, it’s not just about financing – it’s about living our mission to be the most trusted mortgage lender in Canada so that our customers, investors, and partners succeed and grow in thriving communities. Whether you’re a real estate investor, mortgage broker, or homeowner, here’s what sets Calvert Home Mortgage apart. Definitions: Private and Mortgage Investment Corporation (MIC) What is a Private Mortgage Lender? A private lender is typically an individual, a family office, or a small group that lends its own funds directly to borrowers. Decisions are often equity-focused, with more emphasis on property value than borrower credit. Loans are usually short-term, interest-only, and tailored on a case-by-case basis. Private lending can provide quick access to capital, but rates and fees are often higher and vary significantly between lenders. What is a Mortgage Investment Corporation (MIC)? A Mortgage Investment Corporation (MIC) is a type of Mortgage Investment Entity (MIE) defined under Section 130.1 of the Income Tax Act. It is a Canadian investment structure that pools shareholder funds to provide diversified mortgage financing. MICs are required to distribute 100% of their net income to shareholders on an annual basis. Funds are professionally managed and invested across multiple mortgages. MICs may also access a bank credit facility to increase lending capacity. They are subject to regulatory oversight, annual audits, and restrictions on activities. Income is distributed as dividends to shareholders, often with tax advantages (eligible for RRSPs, TFSAs, etc.). At Calvert Home Mortgage Investment Corporation, this is the model we follow. Our MIC structure gives us the stability of institutional oversight and the flexibility to deliver fast, tailored mortgage solutions to real estate investors, mortgage brokers, and homeowners. Additionally, it provides shareholders with transparency and diversification. Transparency You Can Trust One of the biggest concerns with private lending is the uncertainty it presents. Rates, fees, and terms can be unclear, with changes often occurring late in the process. At Calvert Home Mortgage, transparency is a cornerstone of our business. We clearly outline fees, rates, and terms upfront, ensuring you know what to expect. Our commitment to clear communication means no surprises – just confidence in your financing partner. Since 1975, we’ve funded over 11,000 real estate deals and loaned more than $2.2 billion to real estate investors, mortgage brokers, and homeowners across Canada. These numbers represent the trust and satisfaction of over 10,478 clients who have chosen us to support them. They speak to the strength of the relationships we’ve built through our core values: service, trust, education, people, and solutions. Every client we serve, and every dollar we lend, reflects our team’s dedication to providing exceptional service and expert support. Flexible Solutions We understand that no two projects or clients are the same. That’s why we provide flexible mortgage solutions tailored to your goals, whether it’s a flip, BRRR (Buy, Renovate, Rent, Refinance), bridge, interim, or term financing. Our mortgages are designed to make your life easier: We offer both fully open and closed terms to align with client needs. Open Terms Ideal for clients planning to pay out within the first year Payments: Interest-only, minimizing monthly carrying costs. Flexibility: Pay out at any time with no penalty. Renewal Fee: A no renewal fee option for borrowers in good standing. Closed Terms Best suited for clients who expect to hold their mortgage longer term. Payments: Amortized (principal and interest) Flexibility: Early payout penalties apply if discharged before term end. Renewal Fee: In most cases, no renewal fee is charged unless otherwise negotiated. We have options to reduce rates or fees based on borrower strength and deal specifics. We work with each client to find a structure that balances cost and flexibility. Behind every mortgage, we see the people and possibilities. We know that supporting your success helps communities thrive. That’s why we take the time to understand each deal and create solutions that move you forward. At Calvert Home Mortgage, we don’t look for reasons deals can’t be done. We look for ways to make them work. Our team works closely with you to structure terms that align with your (or your client’s) strategy and timeline. In-House Valuations & Streamlined Legal Process for Speed Third-party appraisals can delay deals and add costs. That’s why we provide in-house valuations conducted by our experienced Real Estate Analysts.  This process ensures speed and cost savings, so you can move forward quickly and confidently. No outside appraisal is required for deals up to $1.5M, saving you time and money while keeping your project on track. In Alberta, only one lawyer is required to complete the transaction because our team handles much of the due diligence and documentation internally. By taking on this work ourselves, rather than outsourcing, we remove the need for a second lawyer to represent both sides. This not only saves you time and legal fees but also keeps the process more streamlined. The result: faster closings with fewer bottlenecks. This is part of our commitment to service and delivering the fastest originations and fundings in the industry. With reliable valuations and efficient processes, we help you act quickly on opportunities without sacrificing accuracy or care. More Than Just a Lender Because our mission is to be the most trusted mortgage lender in Canada, we measure success not just in dollars lent but also in stronger clients and healthier communities. We don’t see ourselves as just a source of capital - we’re a partner in your success. With over 50 years of experience, we’ve built a strong reputation for supporting real estate investors, mortgage brokers, and homeowners through education, resources, and above-and-beyond service. We educate clients and partners, so everyone grows stronger. We invest in people, because caring for our team is the best way to care for our customers. We provide solutions, not roadblocks, empowering our clients to achieve their goals while revitalizing housing supply in Canadian communities. At the heart of it all is our vision: Homes in revitalized communities are possible for all. Every time we fund a deal that helps a real estate investor restore a distressed property or helps a family move into a home, we bring that vision closer to reality. Partnering for Your Success At Calvert Home Mortgage, we’re proud to be a Canadian Mortgage Investment Corporation that blends flexibility with clarity, speed with structure, and financing with a genuine commitment to people and communities. When you work with us, you’re not just securing capital. You’re partnering with a team dedicated to helping you succeed today and grow stronger tomorrow. Ready to see how our solutions could support your next deal? Contact our team today to explore how we can help you move forward with confidence. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. Frequently Asked Questions Q: What is the difference between a private lender and a Mortgage Investment Corporation (MIC)? A: Private lenders are typically individuals or small groups lending directly on single deals, equity-based, and tend to have higher rates and fees. Mortgage Investment Corporations (MICS) are a type of Mortgage Investment Entity (MIE), regulated under the Income Tax Act. They pool shareholder capital with professional management and diversification. Calvert Home Mortgage operates as a MIC. Q: What types of mortgage solutions does Calvert Home Mortgage offer? A: We specialize in short-term and flexible financing solutions, including Flip/BRRR (Buy, Renovate, Rent, Refinance) loans, Bridges, Interim Purchases, and more. Q: Who does Calvert Home Mortgage work with? A: We partner with mortgage brokers, real estate investors, and homeowners who need creative mortgage solutions that banks may not provide. Q: Is Calvert Home Mortgage regulated in Canada? A: Yes. As a Mortgage Investment Corporation (MIC), we operate under Section 130.1 of the Income Tax Act, comply with securities regulations, and undergo annual audits. TL;DR: Why Work with Calvert Home Mortgage? We’re a Mortgage Investment Corporation (MIC) – a type of Mortgage Investment Entity (MIE) - not a private lender. We combine flexibility with structure and transparency. Over 10,000 deals funded and $2.2B loaned since 1975. Fast, flexible mortgage solutions for real estate investors, mortgage brokers, and homeowners in Alberta and Ontario. These include Flip/BRRRs (Buy, Renovate, Rent, Refinance), Bridges, Interim Purchases, and more! Fully open terms, interest-only payments, and a no renewal fee option for borrowers in good standing. Focused on supporting your personal and financial success and building stronger communities. #### Self-Managing vs Hiring a Property Manager Should you manage your own rental or hire a property manager? If you’re a real estate investor, one of the biggest decisions you’ll make is how your properties are managed. For many, it comes down to self-managing vs hiring a property manager. There’s no one-size-fits-all answer. What works for one real estate investor might be a headache for another. In this article, we break down the pros and cons of each option to help you decide what’s best for your portfolio—and your lifestyle. Self-Managing: Hands-On, Cost-Effective, but Time-Consuming Self-management can offer both savings and control, but it also demands your time and attention. Why some real estate investors choose to self-manage: Cost savings: Avoiding management fees means more rental income in your pocket. Full control: Every decision is yours, from screening tenants to scheduling repairs. Closer tenant relationship: Direct communication can lead to stronger tenant retention. Better visibility: Gain firsthand insight into how your property is performing, because no one will care about it as much as you do. But it’s not without drawbacks. The trade-offs: Time commitment: Dealing with tenants, maintenance, and bookkeeping adds up. Legal risk: Staying current on landlord-tenant laws, fair housing rules, and eviction procedures is critical, and not always simple. Ontario Landlords: Landlord and Tenant Board – Rights and Responsibilities This site outlines key landlord obligations, eviction procedures, and tenant rights in Ontario. If you’re new to landlord-tenant laws, read our article, Frequently Asked Questions About Landlord-Tenant Laws in Ontario. Alberta Landlords: Residential Tenancies Act (RTA) This is a comprehensive resource for understanding Alberta's lease agreements, maintenance standards, and eviction protocols. Emotional labour: Handling late rent or tenant disputes personally can wear on you. Limits to scalability: Managing a few units may be manageable, but as you grow, so does the complexity. Hiring a Property Manager: Convenience, Expertise, and Room to Scale On the other hand, working with a property manager can offer serious peace of mind, especially as your portfolio expands. Why some real estate investors choose to hire a property manager: More free time: Day-to-day operations are handled for you, freeing up your time. Professional know-how: Experienced managers bring deep knowledge of the rental market and local laws. Streamlined maintenance: Many have vendor relationships that mean faster, more reliable service. Growth-friendly: You can expand your portfolio without being overwhelmed by the workload. In most cases, you’ll still be consulted on key decisions, like tenant selection and rental rates, so you can stay in control while freeing up your time. Peace of mind from afar: For long-distance real estate investors, having a local expert on the ground ensures your property is well cared for, even when you’re not nearby. Still, outsourcing isn’t always perfect. Things to consider: Management fees: Expect to pay a percentage of monthly rent, which is typically between 8% and 12%, plus potential leasing or maintenance coordination fees. Less direct control: You’ll need to be comfortable trusting someone else with decisions. Communication gaps: Adding a middleman can create misunderstandings or delays. Quality varies: A skilled manager adds value, but a poor one can hurt your bottom line. Careful vetting is essential. Which is right for you? Ask yourself the following questions: Do I want this to be a passive investment, or am I prepared to take a more active role? Do I have the time and knowledge to manage this property? Is the property close by, or will distance be a challenge? Am I planning to scale my portfolio? Do I enjoy managing tenants and handling day-to-day issues? Some real estate investors start by managing their first property, then hire a manager as they grow. Others prefer to outsource right from the start to stay hands-off. Final Thoughts: Choose the Best Strategy for Your Investment When it comes to self-managing vs hiring a property manager, the best option depends on your time, risk tolerance, and long-term goals. Consider your priorities and where you want to spend your energy. Looking to grow your real estate portfolio?  We offer flexible short-term mortgage solutions designed to support real estate investors like you. Contact us today to learn how we can support your investment journey. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone: 1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. Have an experience or insights you’d like to share? We’re always looking to learn from real estate investors. We'd love to hear from you if you have tips, lessons learned, or insights that could benefit others exploring self-management or third-party management. Drop us a line at info@chmic.ca. #### The 2022 Federal Budget Aims to Address Housing Affordability and House Flipping The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, unveiled the 2022 Fall Economic Statement on November 3rd. Housing affordability was one of the topics addressed during the statement. As your partner, our goal is to support and educate you in any way we can, which includes keeping you informed on matters related to the housing market in Canada; below is the update, and what it might mean for your business. A significant part of the budget addresses the housing market, specifically rules around flipping houses and the full taxation of this practice. Here is a summary of the budget items surrounding the Canadian housing market that were included. Flipping House and Assignment Sales  Beginning January 1, 2023, any property owned for less than 12 months will have these profits taxed as business income. There are some exceptions to this rule including death, divorce, safety issues, illness or disability, relocation due to education or employment, insolvency, and a few others. In order to prevent loopholes created by assignment sales, this 12-month period completely resets once the ownership is secured. Assignment sales of both new construction and substantially renovated housing will be subject to GST/HST. This measure is an attempt to curb speculators. Non-Canadian Ownership As another attempt to put a stop to speculation, non-Canadians are banned for 2 years from purchasing residential property in Canada. This is also effective as of January 1, 2023. To address the issue of residential properties that sit vacant and unavailable for Canadians to occupy due to foreign ownership, there will be a 1% tax applied on an annual basis, known as an "underused housing tax". First-Time Home Buyers  The Tax-Free First Home Savings Account will be introduced. This account will function as a combination of an RRSP and TFSA account with a $40,000 limit and enable first-time home buyers to use this money towards their down payment. The First-Time Home Buyer's Tax Credit will be doubled, meaning up to a $1,500 credit. In order to encourage multi-generational living, there will be a credit introduced called the Multigenerational Home Renovation Tax Credit. This credit can be used to construct a secondary suite in your home but must be used for a family member that is either elderly or has a disability. What does this all mean for you, as a Real Estate Investor?  The initiatives around taxation for flipping properties is not likely to have any impact on your business as the business of flipping houses was already subject to taxation. What this anti-flipping tax does that is new is tax those principal residences which are owned for less than 12 months to serve the government's effort to target speculators who may be pushing house prices up while enjoying a tax-free profit. Real Estate Investors like yourselves who were focused on creating profits by flipping or rehabbing houses were already subject to either capital gains or business taxes when you sell real estate investments for a profit. We highly encourage you to get tax advice from tax professionals to ensure you are the most tax efficient possible. The credits and support for first-time home buyers could further support the sales of renovated properties, which can be more economical than a new home purchase. Other parts of the budget such as banning foreign investment could lead to more available properties for investors, home buyers, and renters. If you are interested in reading the budget in greater detail, it can be found here. Please don't hesitate to reach out to our team if you would like to discuss this further. Sherwin Dziwenka - Sherwin@chmic.ca  Garrett LaBarre - Garrett@chmic.ca Rob Maver - Rob@chmic.ca 403.278.0249 | 1.888.752.4642 chmic.ca #### The 2024 Federal Government's Housing Plan and the Impact on Real Estate Investors Housing was a hot topic in the weeks leading up to April’s federal budget, with more changes announced on budget day. The Liberal government made a number of announcements about housing prior to the budget, culminating in the release of a 28-page plan called “Solving the Housing Crisis.” The steps in that plan were included as part of the 2024 Federal Budget, along with other announcements that impact those involved in the business of housing. We’ve dug into the details of the Federal Budget and the Housing Plan to prepare a two-part series, looking at the impact on those in the business of building and renovating homes and rental properties. This is our look at the Housing Plan. Find out more here about the 2024 Federal Budget. The 2024 Federal Budget’s Housing Plan The Liberal government calls their housing plan their "plan to solve the housing crisis," including steps they will take, and calling on action from other levels of government as well as those who build homes. The plan includes promises to spend billions of dollars, along with other incentives and changes, divided into three categories: Building More Homes Making It Easier To Own Or Rent A Home Helping Canadians Who Can't Afford A Home Each category has a few action items, many of which impact individual homebuyers. Some of them require action from other levels of government. We’ll look at those clauses that impact those in the housing business, those flipping houses, rental property owners, or those involved in projects to BRRR—Buy, Renovate, Rent, Refinance. What does the 2024 Federal Budget and its housing plan mean for real estate investors, homebuilders, or those looking to renovate properties to rent? Building More Homes The first category of the plan has the biggest impact on real estate investors. The government wants to build more homes at a faster pace, “from concept to construction.” To do that, they are promising incentives for builders, encouraging the construction of certain types of buildings for renters, like apartments or multiplexes, and encouraging municipalities to improve zoning and permitting processes. Here are the individual clauses that could have an impact on real estate investors, rental property owners and homebuilders. Accelerated Capital Cost Allowance for Apartments: This is deemed a “temporary” tax measure that will increase the capital cost allowance rate from 4% to 10%. This is intended to create an incentive for builders of “new purpose-built rental projects” by increasing their after-tax return on investment. Providing Low-Cost Loans to Build Apartments for the Middle-Class: This is an expansion of the federal government’s Apartment Construction Loan Program, which provides low-cost repayable loans to builders and developers. Budget 2024 has proposed another $15 billion in loans to build a minimum of 30,000 new rental apartments. There’s also a promise to make the program easier for builders to get more projects done, such as by adding a portfolio approach so builders can move forward on multiple projects at once, and launching a new frequent builder stream to fast-track the application process for proven home builders. Building Homes on Top of Shops and Businesses: This initiative allocates at least $100 million in low-cost loans from the Apartment Construction Loan Program—mentioned above—to build above existing shops and businesses across the country. This and other components of the government’s plan are to address the fact it’s easier to build where infrastructure already exists. Offering Low-Cost Financing for Homeowners to Add Additional Suites: This is intended to help homeowners with extra space they could convert into a rental suite, such as an unused basement or a garage that could be converted into a laneway home. This could help rental property owners too, which in turn helps to address the housing shortage. The budget proposes a new Canada Secondary Suite Loan Program, to be delivered by the Canada Mortgage and Housing Corporation, to allow homeowners to access up to $40,000 in low-interest loans to add a secondary suite to their homes. Limited information has been released on this program so far This type of change goes hand in hand with zoning reforms and the removal of municipal red tape that has traditionally prohibited such development. Although full information is not available, we believe this will be allowable for rental property owners and homeowners and could be a great way to access financing for BRRRs. We will monitor this and share information as it becomes available. Further Incentivizing Density to Existing Homes: Similar to the previous initiative, this one aims at providing new opportunities for homeowners to redevelop properties to add density. This could be in the form of adding a secondary suite or entirely rebuilding what was a small bungalow into a triplex with home for three families. In conjunction with recent municipal zoning reforms in Canada’s major cities, the federal government wants to make targeted changes to mortgage insurance rules. This could allow homeowners to make those changes to their home by increasing the applicable insured mortgage limit. Working with Other Levels of Government: The budget also speaks to restrictive zoning practices, excessive red tape, and outdated processes, all of which stand in the way of building approvals. The government wants to work with provinces and municipalities to improve their zoning and permitting processes, and adopt changes to the National Building Code. The federal government wants to help municipalities to streamline approvals that currently make it illegal to build more than one housing unit on your own property. They also want to address the restrictions on missing middle housing—a term that refers to the lack of medium-density housing due to zoning regulations. Medium-density housing offers a range of multi-family or clustered housing types such as duplexes, triplexes, townhouses, small multi-unit apartments, row houses, and courtyard apartments. Adding New Spaces for Building: A number of clauses in the budget add the ability to convert different types of buildings into homes: building homes on Canada Post properties, building homes on National Defence Lands, converting underused federal offices into homes, and building homes on public lands. That type of re-use, along with the goal of adding more housing where there already are existing properties, certainly fits with the work of many real estate investors, who often renovate existing properties to either sell or rent. Rather than start from scratch with a new home on previously undeveloped land, flippers renovate what may be undesirable properties, adding to supply and supporting climate initiatives—known as “green remodeling.” Creating a New Canadian Renters’ Bill of Rights: This proposal, the creation of a nationwide standard lease agreement and a proposal for a Tenant Protection Fund do not mention rental property owners or landlords among the stakeholders. Instead, the federal government says it will develop and implement these in partnership with provinces and territories. The Bottom Line The proposals in the Liberal Government’s Housing Plan could impact real estate investors, homebuilders, and rental property owners, and some of these could be positive changes. Keep an eye out for part two where we break down the capital gains changes and the impact the changes may have on Real Estate Investors. Coming soon. We’ll continue to monitor changes that affect our clients. If you’d like to learn more as a Real Estate Investor, subscribe to our new podcast, Real Estate and Wealth, and stay tuned for an in-depth analysis with a tax accountant in one of our upcoming episodes. We will also be creating a follow up to this article with more in depth information on the implications from the perspective of a tax accountant, so keep an eye out for that. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information on how the 2024 budget and housing plan will impact the real estate market. Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### The 5 C's of Credit As mortgage professionals, there is a real opportunity to embrace alternative lending in order to service more clients and in turn grow your business. Part of embracing this market is education on its nuances. In this article, we outline some of the factors that alternative mortgage lenders take into consideration when making underwriting decisions, specifically outlining the 5 C's of credit. The alternative mortgage market in Canada has been consistently growing over the last 10 years. Reasons for the growth include stricter regulations for institutional lenders and increase in the amount of capital available to alternative mortgage lenders as a result of underperforming bonds and other traditional fixed-income investments, which has motivated the investment community to seek out higher return products. Another factor is increased regulation of how alternative mortgage lenders raise capital (except for BC) which has consolidated smaller operators who are challenged to meet regulatory requirements. To better serve you and your clients, here is a synopsis of the 5 C's of credit. The 5 C’s of Credit There are a lot of different things that alternative mortgage lenders review when considering a request for funding, including but not limited to, the 5 C’s of credit. Let’s review this from the general perspective of an alternative lender: Character: is primarily determined by looking at the key factors of the borrowers to determine their creditability as an individual. This can be extrapolated from the borrower’s credit history shown on their credit reports, job stability, the industry of work, length of time in the home. A personal interview with the borrower can also be a tool to reveal character aspects important to the review of the loan. Unlike institutional lenders, a private lender does not have any regulated requirements related to a minimum score, which gives mortgage brokers an opportunity to use other methods to validate the character of the borrower. Alternative lenders often deal with clients who have impaired credit scores to the point where banks decline the loan. Capacity: is an analysis of the borrower's ability to repay a loan by comparing income against debt obligations. Your bank lenders will use GDS and TDS ratios to determine this capacity. Alternative lenders do not have any regulated requirements related to these debt servicing ratios. An alternative lender will assess the serviceability and if they are comfortable with the borrower’s ability to service the debt they will lend. Sometimes the lender will even lend if the client cannot service, by considering other relevant factors that can justify the merits of the loan. The lender may have clauses where they balloon payment when the mortgage is paid out or even add a reserve to service the debt. This is often referred to as an interest reserve. Lenders will consider this when a sale sufficient to pay out the loan is imminent. Conditions: refers to the economic and socio-economic market where the borrower and property are located. An evaluation of these on a regular basis forms the basis on which the lender assesses the risk tolerance they will have for certain borrowers and properties. Conditions can also refer to how a borrower intends to use the money. As discussed earlier, alternative lenders are flexible with how the funds are used and will fund items that some bank lenders cannot. Capital: are the funds contributed by the borrower or the net value of the property less secured debt against the property, also referred to as the equity in the real estate. Alternative lenders will consider any capital the borrower puts toward the real estate or equity they have in it. A larger contribution by the borrower decreases the chance of default and in the event of default, the more equity the borrower has in the real estate the less likely the lender is to face a loss. We will discuss this further within the next C, collateral, as these two are directly related. Capital could also include a borrower’s personal and/or corporate net worth. Collateral: is the total value of the asset being used as security. Collateral in most cases is the primary driver of a alternative mortgage lender’s lending decision. Loan to Value (LTV) will be at the top of the lender’s criteria. This is the loan amount requested versus the value of the asset. It gives the lender the assurance that if the borrower defaults on the loan, the lender can take action against the collateral that the real estate provides. Very few alternative lenders will lend up to, or even exceed 90% LTV, and most won’t lend over 80%. Not all C’s are equal While some of the 5 C’s of credit factor higher in priority than others, all alternative lenders consider each of them. There is a common misconception in the industry that alternative lenders will only consider collateral and capital in the equation of a loan, that is to say, if the property is good, and the loan to value is good, then all other factors can be ignored. This can be the case with some lenders at very low loan to values, however, it isn’t the case at higher loan to values where the risk of the collectability of the loan must be taken into account. When is it an Alternative Deal? Often times it is difficult to determine when an alternative lender is best suited to assist your client. Some circumstances where they can help include: - Need to close quickly on a purchase - Require a short-term mortgage solution - Need to pay Special Assessment issued by a condo corporation - Property condition not acceptable to the bank - Property needs urgent repairs - Buying property at a discount to improve and sell (flip) - Buying a foreclosure property with no conditions - A second mortgage to avoid paying high payout/refinance penalties on a first mortgage - Debt Service ratios are too high for Self-employed, Undeclared income and Retirees - Credit score challenges - Consolidate consumer debt to improve credit and lower payment - Seller providing a vendor take-back mortgage with small down payment – Bank said “NO” - Bridge financing: require an advance prior to a sale closing, or a refinance closing - Paying a large tax bill from Canada Revenue Agency - Short term funds to resolve financial issues prior to an institutional lender agreeing to advance funds (CRA debts and/or writs being paid, improving consumer debt balances for small improvements of beacon scores over 45-day periods, improve property value prior to updating appraisal and garnering new and higher institutional mortgage, completion of major renovations or construction, and similar situations). The more you know your alternative lending partners and how they operate the better equipped you will be to serve your borrowing clients when the banks can’t. It is important to keep in mind how lenders underwrite, and that underwriting will differ from lender to lender. After review of all important factors that impact borrowing power, an alternative lender will price the loan based on their lending parameters. In order to best serve your clients and place them with the lender who will suit their needs, it is important to keep abreast with underwriting standards. It is our hope that this article shares ample insight into the alternative mortgage lending space and in turn, helps you grow your business. You can also learn more about the Calvert Home Mortgage can help you and your clients here. If you have questions about a specific deal you're working on, reach out to one of our underwriters! Garrett LaBarre - garrett@chmic.ca Rob Maver - rob@chmic.ca Sherwin Dziwenka - sherwin@chmic.ca You can also call our office to speak to the team at any time. Phone: 403-278-0229 Curious what it's like to work with us or want real-time updates of what's happening at Calvert Home Mortgage? Here's what people have had to say. You can also find us on Facebook, Instagram, and LinkedIn. #### The Mortgage Broker's Guide to Bridge Financing As a mortgage broker, you know that timing is everything in a home purchase. Clients often find their next property before their current home sells, or discover that their closing dates don’t align. In those moments, Bridge financing isn’t just about covering the gap – it’s about giving your clients the flexibility and peace of mind to move at their own pace. Whether they need days, a week, or several months, Bridge financing for a home purchase allows them to transition smoothly into their new home without the stress of rushed timelines. That’s where Calvert Home Mortgage comes in. We specialize in flexible Bridge financing solutions designed to help you support your clients through transitional moments quickly, reliably, and with as few restrictions as possible. What is Bridge Financing? Bridge financing is a short-term loan that lets homeowners access equity from their current property before it sells. It bridges the gap between selling an existing home and buying a new one. With this financing, clients can move forward with their next purchase without waiting for sale proceeds. This type of financing is especially useful when closing dates don’t line up or when buyers find their next home before selling their current one. Why Bridge Financing From Calvert Home Mortgage Stands Out Most lenders will only consider Bridge financing once the sale property is listed on the MLS, conditionally sold, or firmly sold. At Calvert Home Mortgage, we follow the same standard, but what sets us apart is how we approach these deals. Our focus is on removing friction – faster turnaround, fewer conditions, and flexible deal structures that give clients more options. Mortgage brokers gain confidence knowing the deal will close on time. And if the property isn’t yet listed, we won’t turn the client away. We’ll explore other short-term solutions that can keep their plans moving forward until it is. Flexible Approach Our Bridge financing solutions are fully open, with no minimum term. Clients can pay us out in one day, one week, or one month – whatever fits their timeline. They’ll only pay interest for the days borrowed, with no payout penalty. As a result, your clients gain freedom to move at their own pace, without the added stress of tight deadlines. High Loan-to-Value (LTV) Options We offer up to 80% LTV on listed properties and conditionally sold properties, and up to 85% LTV on firmly sold properties. This gives your clients access to more equity when they need it most, while giving you flexibility to deliver creative solutions. Seamless Transition We can also blanket the property being purchased. For example, if your client sells a home for $800K with no existing mortgage and buys a new home for $600K, we can provide up to 85% Loan-to-Value (LTV) on the property being sold if it’s firmly sold and, in most cases, up to 80% LTV on the new purchase. Homeowners who don’t plan to carry a mortgage after their sale especially value this option. If the client already has another mortgage arranged on the purchase, we may consider a first or second mortgage on the property being sold, up to the same LTVs. Since the Bridge financing is paid off from the sale proceeds, we typically don’t need to income-qualify or credit-qualify clients for debt servicing when the property is conditionally or firm sold, unless the term extends beyond one month. If the property is only listed, however, we may need to confirm they can carry the mortgage for a few months or structure additional funds to help cover payments. Either way, our goal is to make the process faster and easier for everyone involved. Fast Turnaround We fund in days, not weeks. Since our focus is on short-term mortgage solutions like Bridge financing, we have the systems, people, and processes to move quickly. You can count on us to meet your client’s deadline. Learn more about our fast funding here. Save Time, Money, and Hassle We complete internal valuations, saving clients up to $500 per property secured. In Alberta, we work directly with your borrower’s lawyer, avoiding extra time and up to $1,500 in added legal fees that come with using two separate lawyers. Illustrative Case Study: Bridge Financing in Action Imagine a retired couple who own their $800,000 home free and clear and want to buy a new $700,000 property. With limited income, traditional financing may not be an option. Calvert Home Mortgage could advance $750,000 in this scenario by blanketing both properties. The total security would be $1.5M, positioning the mortgage at 50% LTV. The mortgage would remain fully open, and interest would apply only to the days borrowed — whether just a few days, a week, or several months. This structure would give the couple the ability to: Move into their new home before selling the existing one Access funds beyond the purchase price for furniture and expenses Save on appraisal and legal costs Repay flexibly, without penalty This type of deal is straightforward and efficient for mortgage brokers. It includes a Commitment Fee of 1% from Calvert Home Mortgage, with mortgage brokers able to add their own fee on top. The total is presented as one fee on the Commitment Letter, and in some cases may be adjusted to protect the borrower’s best interest while still completing the deal quickly. Read the full illustrative case study here. Why Mortgage Brokers Trust Calvert Home Mortgage Mortgage brokers choose Calvert Home Mortgage because we’re built for situations like this. Our specialty is short-term mortgage solutions, such as Bridge financing. As a result, we consistently deliver an effortless experience for both you and your clients. Here's what sets us apart as your trusted partner: Broker-First Approach We deeply value our relationship with mortgage brokers and will never compete for your clients. If a past client ever approaches us directly, we will loop you back into the deal, so you remain at the center of the relationship. Flexible Solutions Whether the property is firmly sold, conditionally sold, or just listed on the MLS with a licensed Real Estate Agent, we structure deals that support your clients and their unique needs. Speed and Reliability Our systems are designed for quick turnaround. Funding in days (not weeks) means you can confidently rely on us as a solution for your clients. Proven Track Record With 50+ years of experience in short-term lending, our team knows how to navigate complex requests and urgent closings with ease. Mortgage brokers across Alberta and Ontario trust us to deliver, and our case studies and Google reviews prove we consistently step in when timing and flexibility matter most. Partner with Calvert Home Mortgage for Bridge Financing Success Your clients rely on you to provide solutions, not roadblocks. With Bridge financing for home purchases from Calvert Home Mortgage in your toolkit, you can help them buy their next home before selling their current one, without the stress of misaligned timelines. Ready to deliver Bridge financing with confidence? Connect with our team today. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. FAQs About Bridge Financing for Home Purchases Q: What is Bridge financing for a home purchase? A: Bridge financing is a short-term loan that allows homeowners to access the equity in their current property before it sells. This provides the funds needed to close on a new purchase while waiting for the sale proceeds from their current property. Q: How much can my client borrow with Bridge financing from Calvert Home Mortgage? A: We offer up to 80% LTV on listed or conditionally sold properties and up to 85% LTV on firm sold properties, giving your clients access to more equity when they need it most. Q: Can Calvert Home Mortgage provide Bridge financing if my client’s home isn’t listed yet? A: A true Bridge requires the property to be listed, conditionally sold, or firmly sold. If your client’s home isn’t yet listed, we can look at other short-term solutions, such as financing tied to the new purchase or the property they plan to sell, to help them move forward until the listing stage. #### The Real Cost of Waiting: Why Speed Beats Rate for Real Estate Investors TL;DR: Waiting for a lower rate can cost more than acting quickly. In real estate investing, speed and liquidity drive opportunity. Real estate investors who stay active and keep their capital working are the ones who scale fastest. Low down payment mortgage solutions from Calvert Home Mortgage help you move quickly, fund renovations, and grow your portfolio without missing deals. Many real estate investors start out focused on getting the lowest rate. But those who grow quickly learn that timing and access to capital can matter more. When financing delays cause you to miss an opportunity, your real cost of borrowing can rise dramatically. In real estate investing, time is an investment lever. The faster you acquire, renovate, and resell or refinance, the more you can maximize your opportunities, and the less you risk losing momentum. That’s why speed, not rate, can be a powerful driver of results. The Cost of Waiting When real estate investors hold off on buying until they can save a larger down payment to secure a slightly lower rate, they often end up losing more than they gain. While you’re waiting, the market moves – and opportunities pass by. Prices rise, deals get scooped up, and your capital sits idle instead of working for you. In many cases, the time spent “waiting for the right rate” costs more than the higher rate itself. Every month you don't invest is a month of missed opportunities and slower portfolio growth. In real estate investing, hesitation has a cost – and it compounds. If you’re focused on finding the right opportunities, learn how to identify undervalued properties in our guide on spotting hidden value in distressed properties, or explore practical deal sourcing tips for Alberta and Ontario. Liquidity as Leverage: Why $10K Down Can Beat a Lower Rate Real estate investors across Alberta and Ontario are using Calvert Home Mortgage’s low down payment options – starting at just $10,000 – to stay liquid and ready for the next opportunity. And yes, that typically come with a higher interest rate. But here’s what many real estate investors overlook: a slightly higher rate can actually create more opportunity, not less. By keeping more cash in your own pocket, you maintain control of your liquidity – money that can be used to: Fund renovations and value-add improvements. Cover carrying costs while projects are in progress. Act quickly on the next deal instead of waiting months to rebuild capital. Saving for a larger down payment just to secure a lower rate often delays your next project, meaning you’re missing out on potential profits* that far outweigh the small difference in interest. In other words, the lowest rate doesn’t always mean the highest return, especially when liquidity fuels momentum. For a deeper look at how low down payments can unlock growth, read our article: Why Low Down Payments Are a Game-Changer for Real Estate Investors. Case Study: Scaling Faster by Keeping Capital in Motion For many real estate investors, the biggest barrier to growth isn’t interest rates – it’s having too much capital tied up in a single project. Large down payments limit flexibility and slow your ability to act on new opportunities when they arise. One Calgary-based real estate investor strategically leveraged Calvert Home Mortgage’s low down payment options to expand faster, completing three flips over 15 months with a total of just $75,000 in down payments. By leveraging $10,000 down on the first two properties and $55,000 on the third, they acquired more than $1.7 million in real estate and achieved $155,000 in total profit* – all while keeping capital free for renovations, carrying costs, and the next project. The result wasn’t just strong performance – it was momentum. By keeping money working instead of waiting to save larger down payments, this real estate investor grew faster and built a repeatable model for success. Read the full case study here. When Paying a Higher Rate Makes Sense For real estate investors focused on growth, the right question isn’t “What’s your rate?” It’s “How fast can we close, and how far can my capital go?” A lower rate might look appealing on paper, but if it hinders your ability to act, it can ultimately cost more in missed opportunities. A slightly higher rate that keeps your capital moving can help you scale faster, complete more projects, and seize deals others can’t. This trade-off is especially important when investing in competitive markets, where speed can determine whether a deal is fundable or gone by the end of the day. Learn more about how we structure fast, flexible mortgages for flip and BRRR (Buy, Renovate, Rent, Refinance) projects in our Real Estate Investor’s Guide to Flip/BRRR Mortgages. Why Speed Wins Speed gives real estate investors more control – to negotiate better, close confidently, and start adding value right away. Calvert Home Mortgage’s process is built for real estate investor advantage: Commitment letters in as little as 1 business day. In-house valuations,saving you time and money. Funding in as little as 1-3 business days upon receiving all required documents. Pre-approvals that let you shop with confidence, knowing exactly what you can offer. (Click here to see how our pre-approvals work.) Fully open terms, giving you the flexibility to refinance or sell when the timing is right. When deals move this quickly, your capital stays in motion, and that momentum compounds over time. If you want to learn more about how fast approvals can help you secure deals, read our post on fast mortgage approvals with Calvert Home Mortgage. Move Faster. Grow Smarter. When every day matters, real estate investors win by partnering with lenders who move as fast as they do, protecting their deals, liquidity, and momentum. At Calvert Home Mortgage, our promise is simple: fast flexible, and transparent financing that helps real estate investors move quickly when the right opportunities arise. Ready to see how speed and liquidity can amplify your investment potential? Speak with our team about your next deal today. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. *Net profits are not guaranteed and will vary depending on the project. FAQs: The Real Cost of Waiting Q: Is it better to wait for lower mortgage rates before investing? A: Not always. Market opportunities can change more rapidly than interest rates do. Waiting often means missing opportunities or losing valuable time that could be spent building your portfolio. Q: How fast can Calvert Home Mortgage fund a deal? A: Commitment letters are often issued within one business day, with funding in as little as one to three business days, upon receiving all required documents. Q: What types of mortgages does Calvert Home Mortgage fund? Calvert Home Mortgage funds flip and BRRR projects, Interim Purchases, Bridges, and other short-term real estate investments in Alberta and Ontario. #### The Real Estate Investor's Guide to Flip/BRRR Mortgages For many real estate investors, the Flip/BRRR strategy – Buy, Renovate, Rent, Refinance – is one of the most effective ways to grow a portfolio while maximizing returns. One of the biggest challenges? Finding a property that will actually be profitable. But once you’ve identified the right opportunity, the next step is just as critical: securing financing that’s fast, flexible, and designed to support the unique needs of real estate investors. That’s where Calvert Home Mortgage comes in. Our Flip/BRRR mortgage solution is built to remove financing as a barrier so you can focus on what matters most – executing on the right deal. What Is a Flip/BRRR Mortgage? A Flip/BRRR mortgage is a short-term loan that helps real estate investors purchase, renovate, and then either sell or refinance a property. Unlike traditional financing, these mortgages from Calvert Home Mortgage are designed for speed and flexibility. Fast Mortgage Approvals & Funding Commitment Letters are typically issued within 1 business day, and funding can be provided in as little as 1-3 business days upon receiving all required documents. Low Down Payment Options Start your next project with as little as $10,000 down on the mortgage. While you still need to show sufficient funds to cover the renovation and carrying costs during the loan term, this low down payment option significantly reduces the upfront capital required. In some cases, real estate investors can also blanket existing properties with equity to access additional capital, which can further support project execution and scaling. Flexible Solutions for Real Estate Investors Our fully open mortgages give you the freedom to exit when it’s right for your strategy, with no prepayment penalties. Plus, because we fund properties in any condition, you can move quickly on opportunities that other lenders might turn away. Unlike traditional lenders who base financing on the purchase price, Calvert Home Mortgage lends on the After-Repair Value (ARV) – the projected value of the property once your planned renovations are complete. This allows you to access a higher loan amount at the start of the project, and the lower upfront capital requirements let you keep more liquidity available for renovation costs, carrying costs, or even additional projects. No Appraisals Properties valued up to $1.5 million do not require appraisals. However, multi-family properties with more than 4 units do. We provide free in-house valuations, saving you time and money. The Flip/BRRR Mortgage Process We’ve built a streamlined process to keep your deal moving once you’re ready to buy. Here’s what that looks like: Submit Your Deal Provide the required documents, including a completed application, recent NOA, renovation checklist, proof of down payment, renovation, and carrying costs. Review & Valuation Our Underwriters will review all the documents provided and order an in-house valuation from our team of Real Estate Analysts. Profitability Analysis Our Underwriters will utilize the Flip Analyzer Tool to assess potential profitability, using the value provided by the Real Estate Analysts as an estimated ARV. If the project appears to be profitable, they will propose terms by issuing a Commitment Letter. Note: Net profits are not guaranteed and will vary based on the project. Funding After the Commitment Letter is signed and conditions are met, instructions go to your lawyer, and funding can be completed in as little as 1-3 business days. Watch this video for a more in-depth look at our Flip/BRRR mortgage process. Why Real Estate Investors Choose Calvert Home Mortgage Finding the right property is tough enough. Once you do find the right opportunity, financing shouldn't hold you back. At Calvert Home Mortgage, we design our mortgage solutions with real estate investors in mind, giving you the tools and confidence to scale faster. Speed that wins deals. Fast approvals and funding give you an edge in competitive markets where timing is everything. Confidence in your numbers. Our free in-house valuations and ARV-based lending ensure your financing aligns with your renovation plans. Lower upfront capital. With down payments starting at just $10,000, you can keep more of your money working – whether for renovations, carrying costs, or your next project. Flexibility to pivot. Our fully open mortgages mean you can exit based on project needs without penalties, and we fund properties in any condition. Capacity to scale. By blanketing existing properties with equity, you can access additional capital to take on larger or multiple projects at once. At the end of the day, we’re not just providing capital – we’re providing a financing solution built to match how real estate investors operate. Ready to Start Your Next Flip/BRRR Project? Whether you’re looking for fast mortgage approvals, low down payment options, or flexible Flip/BRRR financing for real estate investors, we’re here to support your success. Connect with our team today to learn more about how to get started. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. To learn more about Calvert Home Mortgage in Ontario, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. For all deal submissions, click here. FAQs About Flip/BRRR Mortgages Q: What does BRRR stand for in real estate? A: BRRR stands for Buy, Renovate, Rent, and Refinance. It’s a strategy where real estate investors purchase undervalued properties, increase their value through renovations, rent them out for income, and refinance for a lower interest rate and to withdraw capital for the next project. Q: Do I really only need $10,000 for a down payment? A: Yes, Calvert Home Mortgage offers down payments starting as low as $10,000. However, you’ll also need to show sufficient funds for renovations and carrying costs during the loan term. Q: What types of properties qualify for a Flip/BRRR mortgage? A: Calvert Home Mortgage funds properties in any condition, including those most traditional lenders won’t touch. Properties up to $1.5M don’t require appraisals, and we provide free in-house valuations. #### Timing is Everything; Don’t Leave it to Chance! In my role as an Underwriter at Calvert, I have the opportunity to work with mortgage brokers and fund deals in less than 24 hours from the initial phone call. After a brief conversation at noon one day, the Broker quickly provided the entire document package, and I was able to hand the client a cheque at around 11 am the next day. To get this done, the broker provided me with all the documents required. Our team helped the Mortgage Broker complete all the due diligence:            1. Completed an in-house valuation to determine there was enough equity 2. Reviewed the documents and drew up a commitment within 2 hours of receiving the package. 3. I visited the clients that afternoon in their home, confirmed the value 4. Then went over and had them sign the commitment. 5. We ordered title insurance that afternoon and received it the next morning 6.  We drew up the legal documents and the cheque. 7. The client then came in signed documents and left with their money. The client was thrilled with the service and the work the Broker did in recommending they use us to fund the deal. The Mortgage Broker was the real hero in this and got a lot more referrals from this couple for getting them what they needed. There is nothing more frustrating than a deal getting delayed. A client who wouldn't or couldn't provide the information or documents required to meet conditions on the commitment, or an appraisal taking longer than it usually should. The Lender who was unable to fund for one reason or another. As a Mortgage Broker, it can be difficult to provide excellent customer service to clients when circumstances were are out of your control. Expect Delays The most common delays that we hear about are an appraisal taking at least 3-4 days, a commitment or underwriter review of documents taking 1-2 days, and then sign-off at the Lawyer's office requiring a certain amount of time. But even with all conditions met, there was that unknown amount of time the Lender would take to instruct the Lawyer or the 3rd party signing company (such as FCT) they were using. The time for a Lender to create the legal documents and get them over to the Lawyer for sign-off could take what seemed like forever. Timing is everything Here are some examples of situations where time is a real issue to getting the deal done: Purchases with a quick close Bridge loans where the Lender on the purchase will not provide Bridge financing Unconditional offers for an "As-is, Where-is" purchase Financing falls through last minute Preventing foreclosure to avoid legal fees and credit bureau hits Business opportunities with limited time CRA garnishing wages where it's difficult for clients to keep up with payments How Fast is Fast? Fast forward to a few years ago when I started working as an Underwriter and Account Manager at Calvert Home Mortgage. I was surprised at how quickly we could fund a deal from receiving it to having a cheque in the client's hands. I remembered back to some of the deals I lost because there was just not enough time to get it done. I wish I would have known about Calvert Home Mortgage then. I would have closed more of those time-sensitive deals. Quick Turnaround At Calvert Home Mortgage, we do an In-house Valuation. Instead of 3-4 business days or longer to get an appraisal, we can do a desk-top valuation usually within 4 hours and not have that condition on our commitment letter. Knowing that the property value is acceptable gives Brokers a considerable relief because a low appraised value could limit the ability to get the deal done. It also saves the client money by not having an appraisal to do. We Prepare Legal Documents In-House and instruct the client's Lawyer directly without an additional Lawyer involved. Most Private Lenders require a Lawyer to create their documents and then send them to your client's Lawyer. The timeframe for this would vary but have an additional group touching the file will add a significant amount of time. It also lends to another potential for mistakes being made that could cause further delays. Overall this is a significant time saver and saves the client money with no Lender's legal fees. We may be able to Sign Documents and Fund In-House. For transactions where a Lawyer is not required for purchase, like a debt consolidation or equity takeout, the client may be able to waive independent legal advice and sign directly with us. Using a Lawyer can add a significant amount of time depending on many factors. It is also another significant cost saving for your client to not use a Lawyer. This isn't for every deal as not all clients want to, or should, waive independent legal advice, but when it makes sense, it makes the deal go quickly. Account Managers are Underwriters; we make decisions by reviewing the entire file, and in some instances, sign the documents directly with the client. Having one set of eyes on a file from start to finish allows for a smooth progression. Often, commitment letters can be issued without conditions because the underwriter can work through everything needed ahead of time and very quickly. Calvert Home Mortgage is the ideal partner for your business to help you get more deals done quicker. We work through deals quickly and efficiently and make every effort to create an effortless experience. We have your best interest at heart and deliver with quick review and funding of files to allow you to succeed in your business. #### Tips for Deal Sourcing in Alberta and Ontario As a Real Estate Investor (REI), you know that finding the right property can be one of the biggest challenges in building a profitable portfolio—especially in competitive markets like Alberta and Ontario. To help you succeed, we’re sharing practical tips for deal sourcing in Alberta and Ontario that can give you an edge. Whether you’re flipping or using the BRRR (Buy, Renovate, Rent, Refinance) strategy, sourcing profitable deals is the foundation of your success. As an alternative mortgage lender that specializes in supporting REIs, we see firsthand what separates successful real estate investors from the rest. In this article, we’re sharing proven strategies to help you improve your deal sourcing approach and uncover more investment opportunities. Build Relationships with the Right Realtors®, Mortgage Brokers, and Wholesalers Your network often offers the best deals. Partner with industry professionals who understand real estate investor needs, such as value-add potential, favourable zoning, or below-market pricing. The right Realtors®, mortgage brokers, and wholesalers can help you: Spot opportunities early Structure deals strategically Move quickly when it counts 🔍 TIP: Be clear and consistent about your investment criteria so your partners know exactly what to bring to you. Regularly follow up so your partners know exactly what to bring you, and when. Explore Off-Market Opportunities Some of the best investment deals never hit the MLS. Try sourcing off-market deals using strategies like investor meetups, networking events, and word-of-mouth referrals… and, of course, real estate wholesaling! 👉 Here is a list of wholesalers in Alberta and Ontario. Remember, a strong team around you often leads to better deals and smoother closings. They can help you negotiate more favourable terms with the seller and even potentially with your lender. Use Data for Smart Deal Sourcing Data-driven real estate investors often find opportunities others overlook. Go beyond MLS listings and look for indicators such as: Listings with long days on the market Permits pulled but never completed Tax arrears or distressed sales Neighborhoods with zoning changes or upcoming infrastructure Understanding your market gives you a deal-sourcing advantage and helps you move with confidence. To stay informed on key trends, explore our monthly Economic Reports, a valuable resource for spotting emerging opportunities and shifts in the Alberta and Ontario markets. Expand Your Search Area Without Losing Focus Looking beyond core urban centres can increase your opportunities, but it's important to stay within markets where you can get reliable financing and consistent resale demand. At Calvert Home Mortgage, we lend* to qualified REIs throughout Alberta and Ontario in areas that meet these criteria: Cities with 100K+ population, or within 25km driving distance of city limits Cities with 50K+ population, or within 10km driving distance of city limits Cities with 10K+ population within city limits** *Some restrictions apply. **Increased rates, fees, and the possibility of reduced allowable Loan to Value (LTV) may apply. Before pursuing deals in smaller towns, speak with your mortgage broker or lender to understand how financing terms may be affected. Secure Flexible Financing for Fast Action Speed is key to winning deals. Writing a firm offer and closing quickly often wins the deal. That’s where we can further support you. We provide short-term mortgage solutions designed for real estate investors. Commitments in as little as 1 business day Funding in as little as 1-2 business days in Alberta, 2-3 in Ontario upon receiving all required documentation Preapprovals are valid for up to one year. You don’t have to start from scratch each time a new project arises; just provide updated documents, and you’re ready to go. Free property valuations once pre-approved, helping you move faster and keep more money in your pockets. With Calvert Home Mortgage on your side, you can act fast without compromising your due diligence. 🔍 TIP: Get pre-approved and act fast, without missing critical steps. Contact our team today to learn more about the value of a preapproval from Calvert Home Mortgage. Learn from Every Deal — Even the Ones You Don't Buy Not every opportunity becomes a win, but each one offers valuable lessons. Track the deals you pass on and note why: price, renovation costs, market conditions, or other factors. Over time, these insights can sharpen your strategy and improve your ability to spot strong opportunities faster. For a firsthand perspective on navigating setbacks, check out Episode 4 of our Real Estate & Wealth podcast: Resiliency in Real Estate Investing – How to Navigate Risks and Build Repeatable Success. The Bottom Line Improving your real estate deal sourcing requires the right relationships, reliable data, strategic flexibility, and fast-moving financing. Whether you’re just starting out or scaling your portfolio, these tips can help you uncover better deals and close them confidently. Ready to fund your next deal? You can easily submit an application through your mortgage broker or here. If you have questions, let’s connect! Use the contact information listed below to reach our team. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone:1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. Have a thought or idea to share? We’d love to hear from you! As many real estate investors are experts in their field, we welcome any valuable insights that might not have been included in this article. If you have an idea or perspective on real estate deal sourcing, feel free to email us at info@chmic.ca. #### Tune In Soon to Real Estate and Wealth Exciting news for all real estate enthusiasts! Whether you're just dipping your toes into real estate investing or you're a seasoned investor looking to take your business to the next level, we have something special for you. Introducing "Real Estate and Wealth," the upcoming podcast by Calvert Home Mortgage Investment Corporation. This new series is designed to empower Real Estate Investors (REI) across Canada with cutting-edge insights, practical strategies, and inspiring success stories. Whether you’re new to investing, have been in the business for a few years or a seasoned Real Estate Investor, you will find value. Stay tuned for its launch and get ready to transform your real estate journey! Why is Calvert Home Mortgage Launching a Podcast? To bring you good actionable information, resource and conversations that will help you elevate your real estate investing strategy. You can continue to find a wide variety of resources on our website for  Mortgage Brokers, Homeowners and Real Estate Investors. Resources include: Monthly Real Estate & Economic Reports, interactive tools, educational videos, our blog, and more. Click here to check out all the great podcasts our team has been featured on from other real estate influencers across Canada. And we want to do more to support you. Our podcast will be a powerful way to educate and empower individuals currently involved in real estate investing, or interested in becoming a Real Estate Investor. It will be an effective tool to share key insights for your success. You can “tune in” on your own schedule, even while doing other activities like commuting or going for a walk. Podcasts are easily accessible, and provide a community—in our case, a community of Real Estate Investors. What is the Focus of the Calvert Home Mortgage Podcast? Real Estate and Wealth is a podcast with several goals: Educate and nurture Canadian Real Estate Investors. Inspire investors to take action, and be more successful. Discuss economics and the impact on the housing landscape. Make information accessible and easy to understand for newer Real Estate Investors—and those who have been in the business for years. Solve problems of confusion and uncertainty among aspiring and newer investors. Provide accessible and practical information. Real Estate Investors play a key role in Canada’s housing market. For instance, there is a need for rapid new housing to support population growth. Real Estate Investors contribute to providing this much-needed housing by renovating existing houses, adding secondary dwellings into existing single-family homes, and supporting new development. Calvert Home Mortgage, through Real Estate and Wealth, will offer another resource that will empower investors to carry out these ventures. The Company has 49 years of experience funding over a billion dollars in mortgages and has previously navigated turbulent economic cycles. Unique to other podcasts on the markets, Real Estate and Wealth will provide the perspective of a lender and will host experienced industry professionals, including successful Real Estate Investors. We will leverage our knowledge and experience gained over many years of providing mortgages in Canada to share this valuable and actionable insights for Real Estate Investors. What Are Some of the Topics to be Featured on the Podcast? We’ll bring together a variety of resources, such as bi-weekly interviews with experienced Real Estate Investors who have done deals with us, experts, and other industry professionals. Add to that, you can expect educational episodes on investment strategies, and market analysis. Here’s what will make our podcast stand out from others: We will provide insights from the perspective of a lender who decides whether an investor is granted a loan. We will have actionable insights for Real Estate Investors. We have a focus on economics and how it affects an investor’s portfolio. We will tackle points of friction encountered by Real Estate Investors such as low inventory, finding deals, lack of knowledge and confidence, access to capital, “paralysis by analysis”, negotiation tactics, and finding credible suppliers and contractors. The Bottom Line We’re excited to launch this podcast for our clients and Real Estate Investors across Canada. As they say in the podcast world: Stay Tuned!! Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports Real Estate Investors. Contact one of the experienced underwriters for more information on how rental investments are good for the real estate market.   Ardith Stephanson is a freelance writer and journalist who writes on a variety of topic areas. #### What Do the Proposed Capital Gains Changes Mean for Real Estate Investors? The Liberal government proposed changes to capital gains taxes in the budget, along with the release of a 28-page plan called “Solving the Housing Crisis.” We’ve dug into the details of the Federal Budget and the Housing Plan, looking at the impact on those in the business of building and renovating homes and rental properties. This is our look at the proposed capital gains changes. Find out more here about the 2024 Federal Budget’s Housing Plan. Capital Gains Changes in the Federal Budget Federal Budget 2024 had potential bad news regarding capital gains for real estate investors. Capital gains are any profit you make when you dispose of capital assets. Let’s say a house that is not the owner’s primary residence was bought for $200,000 and sold for $300,000. The $100,000 profit is considered capital gains. Currently, one half of a capital gain is included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. In our example the seller would be taxed on $50,000 of the profit. In the 2024 Federal Budget,  the Federal Government announced plans to increase that annual inclusion rate for capital gains, with a slight difference between what’s taxed for individuals versus tax rates for corporations and trusts: For individuals, the capital gains inclusion rate will jump from one half to two thirds on the portion of capital gains realized in the year that exceed $250,000. That means for the first $250,000 in capital gains, an individual taxpayer would continue to pay tax on 50 per cent of the gain. For every dollar beyond $250,000, 66.67 percent would be taxable. For corporations and trusts, the inclusion rate will increase from one half to two-thirds for all capital gains. The new rules will apply to capital gains realized on or after June 25, 2024. What does this capital gains tax change mean for real estate investors? When an investor disposes of a property, the money is received all at once. That’s different from selling shares of a company, for instance, which can be done over multiple years. For individuals, the increase to 2/3 or 66.67% is only on gains over $250,000 in a single year. But that won’t be the case for corporations. Who Does This Impact? The capital gains tax changes will apply to secondary residences, including rental properties, vacation homes, and homes that families are holding for their children. Here’s what it means for our clients: Flippers: Those who buy, renovate and sell. Most of our Flipper clients will not be impacted by these capital gains changes as their profit is taxed as business income. Business income is treated differently than capital gains tax, and we recommend speaking to your tax accountant about your specific situation. BRRR Investors (Buy, Renovate, Rent, Refinance): Those who buy, renovate and sell/refinance are impacted differently depending on the situation. It’s crucial flippers seek third party advice and understand the difference between ‘business income tax’ & ‘capital gains tax’ if you invest in a Corporation: If your profit is taxed as business income, you will not be impacted. If your profit is taxed as capital gains, these changes will apply to you. ○     If you bought in a corporation, you will now be taxed 2/3 on the full profit. ○     If you bought in your personal name, you will be taxed 1/2 up to $250,000 profit and then 2/3 after that. Let’s do the math using an example of a rental property that was bought in someone’s personal name for $200,000 and sold 10 years later for $500,000. The profit of $300,000 is considered capital gains. Please note that we are not accounting for any tax deductions in this example. Capital Gains Tax Calculation (Personal): Under the proposed new rules, the capital gains inclusion rate increases from one-half to two-thirds for individuals, but only for the portion of capital gains exceeding $250,000. Here's the breakdown: 1/2 of the first $250,000 = $125,000 2/3 of the remaining $50,000 = $33,333 Total Taxable Capital Gains (Individual): $125,000 + $33,333 = $158,333 Corporate Ownership (General Corporate Tax Rate): Assuming a general scenario where the entire profit is subject to capital gains tax with a two-thirds inclusion rate: 2/3 of the entire profit of $300,000 = $200,000 Summary of Outcomes: Personal Total Taxable Capital Gains: $158,333 Corporate Capital Gains: $200,000 As a result, you might consider this when deciding whether to operate in a corporation or under your personal name. And since this is an annual tax amount, you might consider that in your strategy when you sell your properties. Please note that this is NOT tax advice. Consult your tax advisor for guidance specific to your financial situation. Since earnings are interest income, each of these options has different implications for tax planning and investment strategy. Investors should consider their overall financial situation and objectives and consult with a tax professional to optimize their tax outcomes based on their specific circumstances. The Bottom Line The proposals in the 2024 Federal Budget and the Liberal Government’s Housing Plan could impact real estate investors, homebuilders, and rental property owners. The exact impact of some of those proposals is unclear, but as it stands, most of our clients will not be impacted by the new rules as they flip properties and their profits are taxed as business income, not capital gains. The tax changes are complex. It’s important to work with an accountant who specializes in working with investors. This way the best strategy can be determined for your unique situation. We’ll continue to monitor changes that affect our clients. If you’d like to learn more as a Real Estate Investor, subscribe to our new podcast, Real Estate and Wealth, and stay tuned for an in-depth analysis with a tax accountant in one of our upcoming episodes. We will also be creating a follow up to this article with more in depth information on the implications from the perspective of a tax accountant, so keep an eye out for that. Calvert Home Mortgage Investment Corporation is an alternative lender in Alberta and Ontario that supports real estate investors. Contact one of the experienced Calvert underwriters for more information on how the 2024 budget and housing plan will impact the real estate market. #### What the New Anti-Flipping Tax Rule Means for Real Estate Investors On January 1, 2023, the new residential anti-flipping tax rule came into effect in Canada. The primary goal of this law is to combat excessive price growth in the housing market. It uses measures such as regulating foreign buyers and penalizing false use of the principal residence exemption to ensure proper reporting of business income and stabilize home prices. At Calvert Home Mortgage, our goal is to support real estate investors in any way we can, which includes sharing the most recent updates on things that may affect your business. In this article, we break down the new anti-flipping tax rules and how they could impact you as a real estate investor. The New Anti-Flipping Tax Rule Under the Income Tax Act, a residential property sold for a profit is taxed as capital gains or business income. Capital gains mean 50% of the profit from the sale of your property is taxable, whereas business income means 100% of the profit is taxable. The sale of a home that is deemed a principal residence is not subject to taxation. However, the government states that this exemption has been taken advantage of by people who have no intention of holding on to a property as their principal residence, but rather to flip for a profit. Therefore, the Canadian government has created rules to combat this practice. The new anti-flipping tax rule means profits made off properties that are sold within 365 days of owning them will be taxed as business income. This is also applicable to assignment sales, including pre-construction purchases. There are some exceptions to this rule including death, divorce, safety issues, illness or disability, relocation due to education or employment, insolvency, and a few others. In past court cases that challenge the use of the principal residence exemption, the rulings have considered factors such as other real estate transactions, length of ownership, occupation, and motive. Cherry Chan, an Ontario-based Real Estate Accountant wrote a blog article called “The Quickest and Easiest Way to Understand the Anti-Flipping Rule” from a tax perspective. Her article outlines corporate versus personal ownership and what the implications are, how the Canadian Revenue Agency (CRA) and the court assess particular situations to determine the nature of your transaction and information about capital loss. What Does This Mean for You, as a Real Estate Investor? The initiative around taxation for flipping properties is not likely to have any new impact on your business as flipping houses was already subject to taxation. However, the new rule implements taxation on principal residences that are owned for less than 12 months. This is to serve the government’s effort to target speculators who may be pushing house prices up while enjoying a tax-free profit. Read the full budget breakdown summary that aims to address housing affordability in our article "The 2022 Federal Budget Aims to Address Housing Affordability and House Flipping". Real estate investors, like yourself, who were already focused on creating profits by flipping or rehabbing houses were already subject to either capital gains or business taxes when selling real estate investments for a profit. We advocate for the benefits of flipping and rehabbing homes in Canada which include addressing the housing supply shortage, a more positive environmental impact when compared to new development, and revitalizing communities that may otherwise be left run down. To learn more about how the new anti-flipping tax rule may impact you, we encourage you to reach out to your trusted tax professional for advice and to ensure you are as tax efficient as possible. Connect With Us The team at Calvert Home Mortgage is committed to your personal and financial success. We’ll take the time to listen to your questions and understand your needs. Please don’t hesitate to reach out if you would like to discuss this further. Sherwin Dziwenka – sherwin@chmic.ca Garrett LaBarre – garrett@chmic.ca Rob Maver – rob@chmic.ca Logan Moro – logan@chmic.ca Spenser Brooks – spenser@chmic.ca 403.278.0249 | 1.888.752.4642 Sharing our knowledge means you have the tools and resources required to make decisions with confidence. That’s why, we produce monthly economic reports, where we share statistics on the Alberta and Ontario housing markets, employment, migration, and consumer price index to help guide your investing decisions. If you’re interested in reading the full article discussing the goal of making housing more affordable, you can find it here. Join the mailing list for the Alberta Real Estate and Economic Report Join the mailing list for the Ontario Real Estate and Economic Report You can also follow us on social media for real-time industry updates and upcoming events that you don’t want to miss! Facebook | Instagram | LinkedIn | YouTube #### What to Look for in a Property to Renovate or Flip What to Look for in a Property to Renovate or Flip There’s a perception that it’s easy to make money “flipping” properties. That can be true, but there are certain conditions to having success when you get involved in a real estate investment. In this article, I am referring to those who invest in a property with one of two intentions: fix it up and sell it, commonly known as flipping BRRR, or buy, renovate, rent, refinance The end goal - profit for the real estate investor. The first step is what to look for in a property, as they aren’t all created equal. Here are 3 key things to look for when considering a property to renovate or flip: 1. Location In real estate, the old saying goes: location, location, location. But if you’re flipping houses, it can be a bit more complex. For instance, the best value in a home to renovate may not be in the high-end or most desired neighbourhoods in the city. For starters, your purchase price will be high. The cost of finishing a house in a high-end location could also be more expensive, since prospective buyers will be looking for top-of-the-line flooring, appliances, and more. Location is still important, however, when it comes to the purchase price you’ll pay and the resale price. You want to be sure buyers or renters want to live in that neighbourhood. Get a good idea of who your target buyer is. If you’re planning to BRRR, you need to be sure the area, or condo board if buying individual units, allows rentals. Here are some key location considerations in choosing a property: Is the location close to shopping, dining, and green spaces? Is it in good proximity to major highways/intersections? Is it close to schools? Is it accessible to downtown or other work centres, or at least close to transit options? Typically, the best value for flips is in the low to medium-low end of the market, those around or below the average home price for the city. 2. Places Others Don’t Want It may sound counter-intuitive, but you need to find the properties that aren’t the most attractive, and that home buyers likely don’t want.  As an investor, you need to have a different “eye” for property than the typical home purchaser. The house that is outdated isn’t a big seller for a family who wants a turnkey home. The property that’s full of junk, or a house that is full of unwanted “stuff” also don’t sell as well as staged properties. Look to solve a problem for the seller, and you’ll create a “win-win” for both of you. For instance, an adult child inherits the family home in another city, only to be burdened by the amount of “treasures” left behind by parents who were hoarders. Solve the problem by offering to get rid of the junk inside when you buy the house. In return, you can bid low and get the property quicker than if they take the time to empty it or renovate it themselves. The same is true of houses with decades of old decor, floor plans that aren’t modern, or old carpet and flooring - or all of the above. The average buyer shudders when they look at the work ahead in properties like these. Realtors may find such a house difficult to move. As a real estate investor, this is your jackpot! As long as the structure is good and you have a vision for how it could look once renovated, that lower price and fast closing process is good news for you. After all, that shag carpet may have original hardwood underneath. That old paneled basement may have a solid foundation and walls behind the paneling. And in the end, the seller will be happy to have somebody who actually wants the property, even at a low price that works for you. 3. A Sound Business Plan When you’re examining a property that you intend to renovate and flip, you need to make sure you have a sound plan for making money on the deal. Here are some key questions: What’s the sale price of the home and how much are you willing to spend? How much will renovations cost (including cleaning out the property and then renovating)? How long will renovations take? How much will you need to borrow to complete the renovations? Can you get a loan for the renovations, preferably one that allows you to place a minimum down payment? What is the ARV or after repair value of the property? In the case of the BRRR, how soon can the property be ready for a refinance? That’s where an alternative lender like Calvert Home Mortgage Investment Corporation can support your business. We work with real estate investors all the time and can examine your business plan with the goal of making your investment successful. Here are the ways Calvert Home Mortgage can help with every step, from purchase to flip to refinance: We’ll review your business plan: If your plan is lacking, we won’t just loan you money. We will talk to you about any gaps since your profitability is closely tied to our profitability. We accept a low minimum down payment: This allows you to have the funds to buy a flip, and then be able to put money toward renovations and cover your carrying costs. We are your alternative to traditional lenders and credit unions: Traditional lending institutions are hesitant to fund flips, since they make money on longer term mortgages and they are hesitant to lend money to buy properties in poor condition. Our business is short term lending, and we have flexible terms that are right for your investment plan. We work quickly: We can make decisions quickly and we have the money available to get your funding fast. That means you won’t lose out on that property that’s ideal for your investment goals. We support the entire BRRR process: With our renovation financing, you can get the work done quickly, and then we can help with resources for refinancing once the renovations are done. The Bottom Line Those TV shows that promise you will learn how to flip houses in a 30-minute episode make it look so easy. While it’s not as easy as it looks, it can be done successfully! Every real estate investor started somewhere and continues to learn lessons from every house flip. By tapping into resources that can support your business, a flip or BRRR can be successful. You can build a real estate investment business and enjoy doing it. An alternative lender like Calvert Home Mortgage can help. As an associate to your business, we want your business to be prosperous. Call us when you’re ready for financing for your flip or renovation project. By Garrett LaBarre, Calvert Home Mortgage #### Why Low Down Payments Are A Game-Changer for Real Estate Investors For real estate investors, capital is king. The more you have available, the more opportunities you can pursue. That’s why a low down payment mortgage strategy can help you do more deals, stay flexible, and grow faster — even if the interest rates are higher. Here’s how a smaller down payment can move you further ahead. Move Faster and Stay Liquid Instead of tying up $50K+ in a down payment, you keep that cash available for renovations that increase property value, carrying costs like utilities and property taxes, and your next investment opportunity. We can provide you with the opportunity to access even more capital through our simple approach to blanket other properties you own as additional security. This can help lower your interest rate or free up funds to support your renovation and holding costs. With just $10K down, you’re not waiting months to save up for the next deal. You can act quickly, especially in a competitive market. Higher ROI Potential Even if you’re paying a higher interest rate, your total return* can be stronger because of smart leverage, enabling you to do even more projects and keep your cash working harder. Use our Flip Analyzer Tool to easily calculate potential ROI on your next deal. Reduce Risk Through Diversification Lower down payments let you spread your capital across multiple properties instead of sinking it into just one. More deals = more opportunities to succeed. Case Study: How Real Estate Investors Win Using Smart Leverage For many real estate investors, the biggest barrier to growth isn’t interest rates — it’s having too much capital tied up in one project. Large down payments can limit flexibility and make it harder to act on new opportunities. With only $75,000 in total down payments, this real estate investor acquired over $1.7 million in real estate and earned $155,000 in profit* — all while keeping cash on hand for the next deal. Over the course of 15 months — with overlapping projects and strategic use of capital — this Calgary-based real estate investor scaled their business and completed three flips. By utilizing our low down payment mortgage options ($10K down on the first two properties, $55K on the third), they kept their capital free to fund renovations and act quickly on new opportunities. Read the full case study here. Ready to Flip More, with Less? Our Flip mortgage starts at just $10K down in Alberta and Ontario and is built for speed and flexibility. Fast Closings Commitment letters within 1 business day, and funding in as little as 1-2 business days once we have all required documents. Flexible Solutions We structure mortgages around your strategy, not the other way around. From pre-approvals that let you act fast to blanket mortgages that let you leverage equity across properties, we make it easier to grow your portfolio. Common Sense Underwriting:  Our entrepreneurial team understands real estate investing and brings a solutions-first mindset to every deal. Reliability: Transparent communication and a team you can count on—deal after deal. For Alberta inquiries, contact Kaelan Nelson. Email: kaelan@chmic.ca Cell: 587-585-4571 Office Phone: 403-278-0249 Book a meeting here. For Ontario inquiries, contact Katarina Jarossy and Dan Werner. Based in the GTA? Email: katarina.jarossy@chmic.ca Cell: 416-799-2553 Office Phone: 1-888-752-4642 Book a meeting here. Anywhere else in Ontario: Email: dan.werner@chmic.ca Cell: 416-316-5336 Office Phone: 1-888-752-4642 Book a meeting here. TL;DR: Why Low Down Payments Matter for Real Estate Investors Putting down less money upfront can unlock more deals, keep you liquid, and help you grow your real estate portfolio faster. Even with higher interest rates, low down payments mean your capital stays free for renovations, emergencies, and new opportunities. Bottom line: less money tied up = more flexibility, more projects, and more potential profit. With only $75,000 in total down payments, this Calgary-based real estate investor acquired over $1.7 million in real estate and earned $155,000 in profit* from completing 3 flips— all while keeping cash on hand for the next deal. Read the full case study here. FAQs Do you provide renovation funds? Not directly. We offer flexibility by allowing you to blanket existing properties with equity to access additional capital. This equity can be used to access additional funds for renovations, larger down payments, or potentially lower interest rates. In addition to a down payment, you also need funds for renovations and carrying costs. Use our Renovation Checklist to ensure you’re budgeting for everything. Here’s a completed example. Do I have to provide proof of funds? Yes. You must show proof of funds to cover all expected project expenses. *Net profits are not guaranteed and will vary depending on the project. Interest rates and fees are determined on a deal-by-deal basis. Rates are subject to change. Contact us for current rates. ### Pages #### Apply Now X/TwitterThis field is for validation purposes and should be left unchanged. Submit your inquiry below. If you’re a Mortgage Broker, click a logo below to submit a deal on Finmo (Lendesk), Filogix, and Velocity. Lendesk . . Name(Required) First Name(Required) Last Name(Required) PhoneEmail(Required) Select location(Required) Alberta Ontario Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerPlease indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Mortgage BrokerReal Estate CoachWholesalerReferralGoogle SearchSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. 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NameThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. Phone: 403-278-0249 | Toll-free: 1-888-752-4642Phone: 403-278-0249 Toll-free: 1-888-752-4642 #### Cookie Policy Cookie Policy Effective Date: 02-Oct-2024 Last Updated: 02-Oct-2024   What are cookies? This Cookie Policy explains what cookies are and how we use them, the types of cookies we use i.e, the information we collect using cookies and how that information is used, and how to manage the cookie settings. Cookies are small text files that are used to store small pieces of information. They are stored on your device when the website is loaded on your browser. These cookies help us make the website function properly, make it more secure, provide better user experience, and understand how the website performs and to analyze what works and where it needs improvement.   How do we use cookies? As most of the online services, our website uses first-party and third-party cookies for several purposes. 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Funding in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents. Learn MoreREAL ESTATE INVESTORSMortgage solutions to start and scale your portfolioReal Estate Investors, Flippers, and Buy, Renovate, Rent, Refinance (BRRR) clients - we set you up for success by lending on the After Repair Value (ARV). Down payment options as low as $10,000 in Alberta and Ontario.  Learn MoreHOMEOWNERSShort-term mortgages that come with peace of mindOur unique, you-first approach ensures can address your needs with the attention, speed, and care you deserve. Flexible solutions and reasonable terms - even if you are working to improve your credit score. Learn MoreA fast and personalized approach to accessing capital Flip (Buy, Renovate, Sell) BRRR (Buy, Renovate, Rent, Refinance) Purchase with a confirmed exit strategy within 12 months Bridge Equity Take Out Debt Consolidation Term Purchase Where do we lend?*We lend to qualified borrowers throughout Alberta & Ontario. 100k+ population, or 25km driving distance within these city limits 50k+ population, or 10km driving distance within these city limits 10k+ population within city limits** *Some restrictions apply. **Due to greater volatility in demand and value of rural land and small town properties, we reduce the allowable Loan to Value (LTV) in these areas. Increased rates and fees will also apply. Apply NowAt Calvert Home Mortgage, we care about you and are committed to your financial success.We provide short-term mortgage solutions powered by attentive care, and a responsive, collaborative team of experts. Google Reviews  |   We Appreciate Your Feedback The team at Calvert has excellent service, they are have amazing turn around time with my clients deals on a are very professional. The whole team is great to deal with and it feels like a family environment as they all make you feel at home when you are in the office or talking on the phone with them! Thanks for the outstanding service!! Sue Sanders Fantastic business partner! Always a pleasure to work with the Calvert team; they provide efficient, reliable, consistent, transparent, and common sense lending solutions. Always my first call for private equity financing, construction and flips! Kim Lindsay Calvert is an excellent private lender that every broker should have on their list of go to lenders. They offer some incredible niche products geared to investment properties and have very quick turn arounds with fast underwriting as well! I cannot recommend them enough! Tyler Tiessen “We started Calvert Home Mortgage with a goal of helping homeowners and Real Estate Investors to get the right advice and financing for their families long term financial success.“ Everett Koeller, FounderSince 1975:  We have funded11,000+ deals We have loaned$2.8 billion + These figures represent the trust and satisfaction of over 11,000 real estate investors, mortgage brokers, and homeowners who have chosen us to support them. They highlight the strong relationships we have built through our core values of service, trust, education, people, and solutions. Every client we are fortunate to serve, and every dollar we lend showcases our team’s dedication and expertise, underscoring our commitment to providing exceptional service and support to our clients as they navigate the complexities of real estate investing. The support and confidence of our shareholders are also instrumental to our growth and success. Their belief in our vision has enabled us to achieve these remarkable milestones and continue delivering outstanding value to all our stakeholders. Let’s Get Social!Connect with us to learn more about how we can support your personal and financial success. #### Homeowners Getting a mortgage can be very stressful and challenging.Typically, there is extensive paperwork, questions, and various roadblocks. It seems like the questions never stop coming, and the information you provide is never enough.  Calvert Home Mortgage is different, and we offer an experience that is straightforward and makes you feel at ease. We have brought functions of the mortgage transaction process in-house to make it effortless: in-house valuations, title insurance, and legal work.  This 'you-first' approach makes us unique in the market and ensures that we take care of your needs. A Much Simpler, Friendlier Way To Build Your Financial FoundationGet to Know UsAre You Someone Who Is: Looking to purchase a personal residence? Interested in buying an investment property? Needing to refinance an existing mortgage? Seeking a new first or second mortgage? BUT...you were declined by other lenders?So, your challenging circumstances brought you here. We understand that everyone's situation is unique, and we work with you and your mortgage broker to determine the best plan forward. Here’s what to expect with Calvert Home Mortgage:STEP 1: Our underwriters will review your situation, ask the right questions, and listen to you. We aim to understand your roadblocks, and determine if we can assist. STEP 2: If it’s a go-ahead, we conduct a free valuation of your property to determine the value. We will interview you, prepare a commitment letter and review our proposed financing option with you. STEP 3: Once you agree and virtually sign, our team will prepare the legal documents and send them to your lawyer to complete the transaction. There is no cost for us to prepare these legal docs (wow - that’s different!). STEP 4: Once you sign the documents with your lawyer, funds are requested, and the mortgage is complete. Congratulations, homeowner! What's standing in the way of you getting the mortgage you need?Under a Tight Deadline Learn More Do you need to close on a purchase, refinance, or take out equity on a real estate property - and fast? Your rush might be the result of an emergency, and most banks cannot close on time.  The Calvert Home Mortgage team works with you and your mortgage broker to gather the documents you need, approve you, and fund your mortgage in less than 24 hours. When time is critical, you can rely on us to give you the answers and the money you need. Unable to Get Out of Debt Learn More Have you accumulated high-interest rate credit cards and other debt with large monthly payments that seem like a burden to banks? Maybe you are struggling to keep up and are fielding debt collector calls, which creates so much stress. We offer the opportunity to pay off your high-interest debt in exchange for a lower interest rate and lower monthly debt repayment obligations. Then we work with you and your mortgage broker to improve your credit and get you refinanced with a long-term lender. Dealing With Credit Challenges Learn More Are you unable to consistently make debt payments, resulting in a low credit score? You are much more likely to get a mortgage from a bank after repairing your credit.  We can assist with short-term financing to help restore your credit. Need Help With A Bridge Loan Learn More Do you need a temporary mortgage to assist with the gap between when your existing home sells and your new home is purchased?  Bridge financing enables you to use the equity in your current home to buy the new home - all while waiting for your existing home to sell. Self-Employed Learn More Are you in business for yourself and face a challenge getting traditional bank financing? Being self-employed has many rewards. Unfortunately, when it comes to getting approved for a mortgage, it can cause roadblocks. Perhaps it’s because of the flexibility in how you pay yourself for tax purposes. Maybe you do not have the necessary financial documentation to be approved by a bank.  We understand what it means to be self-employed and use reasonable methods to validate income to make a mortgage possible. We will work with you and your mortgage broker to build a plan to get you financed. Overwhelmed with Tax Debt Learn More Have you fallen behind in your tax payments or have outstanding property tax bills? Maybe you are negotiating with the tax department to settle past tax debts. Banks will not provide a mortgage to an individual with tax arrears. You must bring your tax debts up to date.  We help you get tax debts paid so that your mortgage broker can get you back to the bank as quickly as possible. Own A Non-Conforming Property Learn More Are you a homeowner or investor with a multi-purpose zoned property, including commercial and residential use? These properties can be challenging to get the right financing. Calvert Home Mortgage can help! New Canadian Learn More Are you a newcomer to Canada? It’s an exciting journey to move to a new country and establish a new life for you and your family. However, it can be challenging to build good credit and demonstrate eligibility for financing through a bank.  Getting a mortgage can be a struggle, and we are here to help you access the capital you need. We will work with you and your mortgage broker to develop a homeownership plan that makes financial sense. We Know That You Want Security For You & Your FamilyApply NowWhy Choose Calvert Home Mortgage? We have been in business since 1975 We are honest, authentic, and caring We guide you to make sound financial decisions We offer a simple, low-stress process We explain your options clearly We never charge application fees or other upfront costs Calvert Home Mortgage takes care and pride in your financial success. We want to see you succeed, which is why we work with your mortgage broker to set you up for success so that you can refinance with a bank as soon as possible.Your Story Is More Important To Us Than Your CreditContact Us NowMeet our team of experts.Meet the Team The Calvert Home Mortgage Team is committed to providing Mortgage Brokers with up-to-date industry information and resources:ReportsRead more Mortgage CalculatorsRead more Educational VideosRead more View All Resources #### Learn We are committed to your success! Here's a library of resources to support you on your financial journey.Explore Our Free Resources And Educational ToolsView ResourcesCase StudiesReal Estate & Economic ReportsReal Estate & Wealth PodcastBlogTools & ResourcesCase StudiesDo You Like A Good Deal? We Have Some Great Stories!20252024202320222021≤ 2019Episodes2025 Bridge Financing Case Study - $2.5M Mortgage in 5 Business Days Helps Homeowner Secure $3.2M Property with Flexible Terms Wholetail Case Study - Stony Plain, Alberta Interim Purchase Earns $28K Profit* in Under a Month Interim Purchase Mortgage Case Study - $1.78M Alberta Multi-Duplex Funded in 13 Business Days Real Estate Investor Case Study - Scaling with $10K Down: 3 Flips, $1.7M Acquired, $155K Profit* Ontario Real Estate Investor Case Study - Kitchener Flip Earns $85K Profit* in Just 3 Months 2024 Edmonton, Alberta Interim Purchase Case Study – Self-Employed Borrower Funded in 1 Business Day (79% LTV*) Edmonton, Alberta Interim Purchase Case Study – Funded in 10 Business Days at 75% LTV* Niagara Falls, Ontario Flip Case Study – $82K Profit* in 6 Months Windsor, Ontario Flip Case Study - $111K Profit* in 7 Months 2023 Interim Purchase Mortgage Case Study – Ontario-to-Alberta Homebuyer Funded in 6 Business Days at 76% Loan to Value (LTV)* Ontario Bridge Mortgage Case Study – Funded in 7 Days at 83.5% LTV* Calgary, Alberta Flip Case Study – $170K Profit* in 5.5 Months Ontario Flip Case Study – $115K Profit* in Just 90 Days Ontario Real Estate Investor Case Study – Flip Earns $36K Profit* in 30 Days 2022 September Flip of the Month – Net Profit* of 45K in just over 3 months! August Flip of the Month – Net Profit* of 82K in just over 4 months! July Flip of the Month – Net Profit* of 420K in just over 8 months! April Flip of the Month – Net Profit* of 41K in just over 3 months! March Flip of the Month – Net Profit* of 46K in just over 5 months! February Flip of the Month – Net Profit* of 108K in just over 4 months! January Flip of the Month – Net Profit* of 73K in just over 5 weeks! 2021 October Flip of the Month – Net Profit* of 57K in just over 4 months! September Flip of the Month – Net Profit* of 67K in just over 5 months! ≤ 2019 Debt Consolidation Rush Close Recently Funded Deal Equity Gain Standout Deal How to help your clients pay their taxes and other debts How a Mortgage Broker helped their client get back on their feet How a Mortgage Broker grew his business without adding any clients Episodes Episode 7 – Refinance with Bank Financing in just under 4 Months! Episode 6 – Flip of the Month Episode 5 – Net Profit of $40,500 in Just Over 3.5 Months Episode 4 – Refinance with Bank Financing in Just Over 5 Months Episode 3 – Net Profit of $44,776.25 in Just 3 Months Episode 2 – Net Profit of $32,000 in Just Over 5 Months Episode 1 – Net Profit of $49,934.87 in Just Over 6 Months Real Estate & Economic ReportsReports To Arm You With The Right Information.Alberta Economic Reports202520242023202220212020201920182025 ALBERTA MONTHLY REPORT | December 2025 ALBERTA MONTHLY REPORT | November 2025 ALBERTA MONTHLY REPORT | October 2025 ALBERTA MONTHLY REPORT | September 2025 ALBERTA MONTHLY REPORT | August 2025 ALBERTA MONTHLY REPORT | July 2025 ALBERTA MONTHLY REPORT | June 2025 ALBERTA MONTHLY REPORT | May 2025 ALBERTA MONTHLY REPORT | April 2025 ALBERTA MONTHLY REPORT | March 2025 ALBERTA MONTHLY REPORT | February 2025 ALBERTA MONTHLY REPORT | January 2025 2024 ALBERTA MONTHLY REPORT | December 2024 ALBERTA MONTHLY REPORT | November 2024 ALBERTA 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August 2022 ALBERTA MONTHLY REPORT | July 2022 ALBERTA MONTHLY REPORT | June 2022 ALBERTA MONTHLY REPORT | May 2022 ALBERTA MONTHLY REPORT | April 2022 ALBERTA MONTHLY REPORT | March 2022 ALBERTA MONTHLY REPORT | February 2022 ALBERTA MONTHLY REPORT | January 2022 2021 ALBERTA MONTHLY REPORT | December 2021 ALBERTA MONTHLY REPORT | November 2021 ALBERTA MONTHLY REPORT | October 2021 ALBERTA MONTHLY REPORT | September 2021 ALBERTA MONTHLY REPORT | August 2021 ALBERTA MONTHLY REPORT | July 2021 ALBERTA MONTHLY REPORT | June 2021 ALBERTA MONTHLY REPORT | May 2021 ALBERTA MONTHLY REPORT | April 2021 ALBERTA MONTHLY REPORT | March 2021 ALBERTA MONTHLY REPORT | February 2021 ALBERTA MONTHLY REPORT | January 2021 2020 ALBERTA MONTHLY REPORT | December 2020 ALBERTA MONTHLY REPORT | November 2020 ALBERTA MONTHLY REPORT | October 2020 ALBERTA MONTHLY REPORT | September 2020 ALBERTA MONTHLY REPORT | August 2020 ALBERTA MONTHLY REPORT | July 2020 ALBERTA MONTHLY REPORT | June 2020 ALBERTA MONTHLY REPORT | May 2020 ALBERTA MONTHLY REPORT | April 2020 ALBERTA MONTHLY REPORT | March 2020 ALBERTA MONTHLY REPORT | February 2020 ALBERTA MONTHLY REPORT | January 2020 2019 ALBERTA MONTHLY REPORT | December 2019 ALBERTA MONTHLY REPORT | November 2019 ALBERTA MONTHLY REPORT | October 2019 ALBERTA MONTHLY REPORT | September 2019 ALBERTA MONTHLY REPORT | August 2019 ALBERTA MONTHLY REPORT | July 2019 ALBERTA MONTHLY REPORT | June 2019 ALBERTA MONTHLY REPORT | May 2019 ALBERTA MONTHLY REPORT | April 2019 ALBERTA MONTHLY REPORT | March 2019 ALBERTA MONTHLY REPORT | February 2019 ALBERTA MONTHLY REPORT | January 2019 2018 ALBERTA MONTHLY REPORT | December 2018 ALBERTA MONTHLY REPORT | November 2018 ALBERTA MONTHLY REPORT | October 2018 ALBERTA MONTHLY REPORT | September 2018 ALBERTA MONTHLY REPORT | August 2018 ALBERTA MONTHLY REPORT | July 2018 ALBERTA MONTHLY REPORT | June 2018 ALBERTA MONTHLY REPORT | May 2018 ALBERTA MONTHLY REPORT | April 2018 ALBERTA MONTHLY REPORT | March 2018 ALBERTA MONTHLY REPORT | February 2018 ALBERTA MONTHLY REPORT | January 2018 Ontario Economic Reports202520242023202220212025 ONTARIO MONTHLY REPORT | December 2025 ONTARIO MONTHLY REPORT | November 2025 ONTARIO MONTHLY REPORT | October 2025 ONTARIO MONTHLY REPORT | September 2025 ONTARIO MONTHLY REPORT | August 2025 ONTARIO MONTHLY REPORT | July 2025 ONTARIO MONTHLY REPORT | June 2025 ONTARIO MONTHLY REPORT | May 2025 ONTARIO MONTHLY REPORT | April 2025 ONTARIO MONTHLY REPORT | March 2025 ONTARIO MONTHLY REPORT | February 2025 ONTARIO MONTHLY REPORT | January 2025 2024 ONTARIO MONTHLY REPORT | December 2024 ONTARIO MONTHLY REPORT | November 2024 ONTARIO MONTHLY REPORT | October 2024 ONTARIO MONTHLY REPORT | September 2024 ONTARIO MONTHLY REPORT | August 2024 ONTARIO MONTHLY REPORT | July 2024 ONTARIO MONTHLY REPORT | June 2024 ONTARIO MONTHLY REPORT | May 2024 ONTARIO MONTHLY REPORT | April 2024 ONTARIO MONTHLY REPORT | March 2024 ONTARIO MONTHLY REPORT | February 2024 ONTARIO MONTHLY REPORT 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Real Estate & Wealth Podcast powered by Calvert Home MortgageDisclaimer: The opinions expressed in each episode belong to the individuals featured and do not represent the views of Calvert Home Mortgage. While we provide valuable insights, consulting with qualified professionals ensures that your unique financial circumstances are carefully considered, aligning your real estate investment properties with your long-term objectives. Calvert Home Mortgage Investment Corporation is not a financial advisor and cannot advise you on making investments. There are risks to investing in real estate and the potential to lose all your property investments. « Prev1 / 2Next »E29: Investing in Change: The Power of P4 and Affordable Housing with Jolene LivingstonE28: Legacy & Risk – Dale Koeller’s Journey at Calvert Home Mortgage #canadianrealestate #mortgageE27: The Real Estate Entrepreneurial Journey with Valerie GuayE26: Behind the Scenes: Unusual Deals, Lessons & How CHMIC Helps Brokers & Investors SucceedE25: Building Wealth and Breaking Barriers with Rob Townsend #canadianrealestate #podcastE24: Navigating Insurance in Real Estate Investing with Dan Van HeldenE23: Building the Future of Real Estate - Ramit Kar on Tech, Innovation, and AIE22: Lessons in Calgary’s Single & Multifamily Real Estate with Natasha PhippsE21: Navigating Real Estate Success: Renée Huse's Insights from Trading to MortgagesE20: Mastering Negotiation - From Fundamental Principles to Tactics with Leighton WilkE19: Terra Snyder's Journey as One of Calgary’s Pioneering Female Home InspectorsE18: Unpacking Calgary's Secondary Suites Program with Joshua HowesE17: Insights with Nick Hill and Daniel Foch on Solving Canada’s Housing CrisisE16: Real Estate Investment Financing with Nazia Zeb Sharif from the National Bank of CanadaE15: Luc Boiron on Navigating Off-Market Real Estate Deals« Prev1 / 2Next » BlogDive Into Helpful Information Written By Our Team Members ARV in Real Estate: What After-Repair Value Is and Why It Matters for Real Estate Investors After-Repair Value (ARV) is the estimated market value of [...] How to Compare Real Estate Lending Options: Why Speed & Structure Matter as Much as Rate When it comes to real estate investor financing, many [...] Leverage Your Equity to Scale Faster with a Blanket Mortgage in Alberta & Ontario TL;DR: A blanket mortgage enables real estate investors in [...] 12NextLoad More PostsTools & ResourcesPlug And Play Tools To Generate ResultsFlip Analyzer Tool - Alberta Flip Analyzer Tool - Ontario Debt Consolidation Tool TutorialsTips for Flips« Prev1 / 1Next »Recently Funded Stand Out DealRecently Funded Stand Out Deal - Rush Deal: Same Day, After-Hours Commitment LetterRecently Funded Stand Out Deal - Debt Consolidation: Dire Situation & Fast Solution« Prev1 / 1Next » Tune In And Profit From Our Thinking« Prev1 / 3Next »Flip Financing - When You Have a Live DealFlip Financing - Tools for Success, Flip AnalyzerFlip Financing - Verifying Project CapitalFlip Financing - How to Get Pre QualifiedOntario $20K Down Flip FinancingUnderstanding MICs with Dale KoellerHow to Use The Flip AnalyzerInterviewing Wayne and Gabby HillierHow to be Successful in a Downward Market - Webinar with Josh FindlayEffortless Short-Term Financing Solutions with Calvert Home MortgageShort-Term Lending for Real Estate Investors with Calvert Home MortgageWhat is a Bridge Mortgage?What is Interim Purchase Financing?Unlock Opportunities with Short-Term Financing from Calvert Home MortgageCalgary Real Estate Investing Podcast, Episode 41: Investing Appraisals with Chris Grier« Prev1 / 3Next » Recent InterviewsPodcasts and Videos we have been featured in:Property Profits Real Estate Podcast Plain vanilla deals and execution success with Jesse Bobrowski Host: Dave Dubeau Listen to the full interview > Build Your Health, Wealth and Legacy with Sam Abdallah Navigating Financing and Market Dynamics - Avoiding Common Investor Mistakes with Jesse Bobrowski Host: Sam Abdallah Listen to the full interview > Selfwealth Real Estate with Luc Boiron Unveiling Canada's Real Estate Financing Landscape with Rob Maver Host: Luc Boiron Listen to the full interview > The Truth About Real Estate Investing with Erwin Szeto Alternative Borrowing for Flippers and BRRR Investors with Calvert Home Mortgages Host: Erwin Szeto Listen to the full interview > The Your Life! Your Terms! Show Jesse Bobrowski and Garrett LaBarre with Rock Star Inner Circle Host: Rock Star Inner Circle Listen to the full interview > Property Hustlers Mortgage Rates Canada | How to Qualify for a Mortgage with Calvert Home Mortgage! Host: Andrew Parashis and Ping Hsu Listen to the full interview > The Andrew Hines Real Estate Investing Podcast Episode 228: Private Lending on Real Estate Flips and Equity Raising with Jesse Bobrowski Host: Andrew Hines Listen to the full interview > Deals Estate Wholesaling Podcast Episode 13: How to Get Your Off-Market Deals Funded in 24 Hours with Ryan Day Host: Deji Oduntan Listen to the full interview > Calgary Real Estate Investing Podcast Episode 41: Investing Appraisals with Chris Grier Host: Corey Peckford Listen to the full interview > The Your Life! Your Terms! Show with Jesse Bobrowski and Garrett LaBarre Jesse Bobrowski and Garrett LaBarre with Rock Star Inner Circle Host: Rock Star Inner Circle Listen to the full interview > Calgary Real Estate Investing Podcast Episode 38: Mortgage Investment Companies, MICs, with Rob Maver Host: Corey Peckford Listen to the full interview > Close Deals in 24 Business Hours with Jesse Bobrowski Jesse Bobrowski with The Highest and Best Use Host: The Highest and Best Use Listen to the full interview > Calgary Real Estate Investing Podcast Episode 37: Private Lending for Investors with Sherwin Dziwenka Host: Corey Peckford Listen to the full interview > Scrutinize Private Lending Deals Like a PRO Scrutinize Private Lending Deals Like a Pro with Jesse Bobrowski and Cherry Chan Host: Cherry Chan Listen to the full interview > The Truth About Real Estate Investing... for Canadians How To Borrow Via Private Mortgages With Jesse of Calvert Home Mortgage Host: Erwin Szeto Listen to the full episode > Well Off Podcast E129 - Earning an Annual Return Through a Mortgage Investment Corp Host: Georges El Masri Listen to the full episode > Genesis Journal Podcast Calvert Home Mortgage & Investments Host: Matthew Grant Listen to the full episode > Wine & Real Estate Episode 130: What is a MIC (Mortgage Investment Corporation) and Why Should You Care? Host: François Lanthier Listen to the full episode > RISE Real Estate Investing Podcast Behind the Scenes of a MIC Host: Mayu Thava & Austin Yeh Listen to the full episode > Brick and Mortar Canada's BRRR & Flip Focused Lender Host: Daniel Foch and Nick Hill Listen to the full episode > The Russell Westcott Podcast The Private Lending Primer; Treat Your Private Lending Like a Business Host: Russell Westcott Listen to the full episode > Canadian Real Estate Investing with Cash, Joint Ventures and Private Deals How you can invest in Ontario with as little as 20K down Host: Manjit Rukhra Listen to the full episode > RISE Real Estate Investing Podcast Breaking Down Private Financing Host: Mayu Thava & Austin Yeh Listen on Apple Podcast > Listen on Google Play > Listen on Spotify > Toronto's #1 Real Estate Podcast A Whole New Opportunity: Jesse Bobrowski Host: Bradley Watson Listen to the full episode > Wine & Real Estate Episode 94: Wine & Real Estate with Jesse Bobrowski - Investing with only 20k! 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Host: Sarah Larbi Listen to the full episode > Credit TipsOur Best Credit-boosting Tips To Level Up Your Score How To Get Out Of Debt, Even If You Have No Money The weight of debt can be overwhelming, with little hope of getting out from under it. If you only have enough money to live each month, debt along with high interest payments make the situation seem even more hopeless. But it’s possible to eliminate debt, even a little [...]Alisha Fuss2021-10-21T14:19:07-06:00Read More JOIN OUR COMMUNITY OF 10,000+ REAL ESTATE PROFESSIONALSGet expert strategies, case studies, and market updates — straight to your inbox! Sign up to receive practical tools, proven tips, and timely updates designed to support your success — whether you're investing, structuring deals, or arranging financing. EmailThis field is for validation purposes and should be left unchanged.First Name(Required) First Name Last Name(Required) Last Name Email(Required) Location(Required)Alberta Real Estate InvestorOntario Real Estate InvestorAlberta Mortgage BrokerOntario Mortgage Broker No spam! Just valuable resources and insights for real estate professionals. Unsubscribe anytime. Our TeamFortified with years of experience in the real estate and lending industry, our team of experts is here to help you no matter where your needs land.  The Calvert Home Mortgage team looks forward to assisting you in reaching your financial goals.  Get To Know Our Team #### LP - Bridge Mortgages Your House Is Listed But Hasn't Sold Yet. And Now - You've Found Your Dream HomeDon’t let the sale of your existing home stop you from making a move! We have a simple solutionContact Us TodayYou are not alone.Most homebuyers need bridge financing to help them as they sell their current home and purchase their next property.  Calvert Home Mortgage combines flexible mortgage terms with a low-stress process, ensuring you and your family have the opportunity to build the life you envision.   The pending sale of your current home shouldn’t stop you from securing your next mortgage.  Get The Bridge Financing You Need NowContact Us TodayBridge Financing Solves Many Roadblocks:Getting Stuck in Limbo Avoid being stuck in the buying process, bridge financing will help you get out of your current home with the ability to purchase your next property. The Calvert Home Mortgage team works fast. Apply today and have an answer tomorrow. Misaligned Possession Dates Often, possession dates don’t conveniently align. Calvert Home Mortgage’s bridge financing option gives you much-needed peace of mind while you and your family are in transition. Waiting...Then Waiting Some More Waiting for financing from the sale of your current property can result in losing out on securing your dream home. Bridge financing from Calvert Home Mortgage can ensure you don’t lose an opportunity while waiting for conventional financing. Inflexible Conventional Mortgages Many conventional lenders are not willing to offer bridge mortgages. These mortgages are too short-term and require the speed and reaction time that most conventional lenders simply can’t deliver. Calvert Home Mortgage is a common sense lender who appreciates a challenge. Endless Conditions and Penalties One of our greatest passions is helping those who have lost hope to acquire financial success. Your story is more important to us. Purchasing a home should be exciting - not stressful.  Let the Calvert Home Mortgage team go to work for you! Apply for Bridge Financing Today Why Choose Calvert Home Mortgage For Your Bridge Financing?Are you or your client looking forward to moving into a newly purchased property, but the possession date is earlier than the sale of the current property? Calvert Home Mortgage can help you close the sale of the new home purchase before the current property sells or if it's sold, before its possession date. We offer a short-term mortgage to bridge the gap, allowing a seamless transition between homes. Quickly apply for a bridge mortgage now and have a response by tomorrow.Secure Hassle-Free Bridge Financing Now We Work For You. We always operate in the best interest of our clients. If you are a Mortgage Broker, we will enthusiastically serve your clients with our unique bridge financing solutions and strong exit strategies. Our Process is Fast and Effortless. We offer a simple and fast approval process with a 24-hour commitment with as few conditions as possible. Our clients always comment about our incredible response time! We Make Business Personal. Focused on our client’s financial success, we take the time to understand each unique situation and provide trusted advice. We are trusted experts, and the Calvert Home Mortgage team is here to assist in making sound financial decisions.  It has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Christopher ARealtor Contact Us Today!Your Story Is More Important To Us Than Your Credit FacebookThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. #### LP - Construction Mortgages Accessing Funding for Construction Mortgages is Often a Complicated, Drawn-Out ProcessCalvert Home Mortgage offers fast and effortless capital for construction mortgagesApply Today - Have An Answer Tomorrow!You are excited to start a lucrative construction project, but conventional financial institutions have guidelines that can restrict your ability to secure a construction mortgage. Calvert Home Mortgage can help you leverage your options and create a plan to get you the capital you need to cashflow your residential or commercial construction project. We Lend Up To $1.5 Million On Residential & Commercial PropertiesApply Today - Have An Answer Tomorrow!Calvert Home Mortgage offers construction mortgages & unique funding options for: Owner Occupied Projects Non-Owner Occupied Projects Non-Conforming Projects Condo and Apartment Projects Construction Projects We love lending to investors who buy, build, fix up, and resell properties for a profit. Calvert Home Mortgage provides an effortless approach for real estate investors to access capital for projects in Alberta and Ontario. More than lenders - we are your partner in real estate success.Get Approval in 24 HoursWhy Trust Calvert Home Mortgage With Your Construction Mortgage Needs?We lend on the after-repaired value. We value your property as though it’s already renovated VS. other sources who lend on the ‘as is’ value. Calvert Home Mortgage offers 80% LTV After Repaired Value (ARV), making it easier for you to reach your goals. We require only a small down payment. Start your construction project with as little as $10K down in Alberta and $20K in Ontario. Calvert Home Mortgage believes that less money down means more investment opportunities. We call this SMART leverage. We offer pre-approval on a personal basis Calvert Home Mortgage can pre-approve your construction mortgage on a personal basis. A one-time credit approval means more time to spend building your portfolio of investment properties and construction projects. We believe in zero payout penalties. Calvert Home Mortgage can pre-approve your construction mortgage on a personal basis. A one-time credit approval means more time to spend building your portfolio of investment properties and construction projects. We bring more than 35 years of experience facilitating construction mortgages. Apply For Capital NowConstruction Financing - Flip Financing - BRRR FinancingInvesting in real estate is a lucrative way to build financial wealth.  Calvert Home Mortgage can help you leverage your options and create a plan to get you the construction mortgage you need. Whether you have one property or many, we are here to help. Interest Rates: starting at 14.50% Fees: starting at 1.75% (minimum $2,000) Flexible Terms: interest only, or up to 25 years Max 80% LTV on after repaired value, or current value Loan Amounts: $10,000 to $1.5 million No appraisal required on properties up to $1.5 million. FREE in-house valuations. Location: 1 hour from major city centers in Alberta and Ontario We take pride in our ability to help you finance your projects. 24-hour access to the capital you need Apply For Capital NowChristopher ARealtor It has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Contact Us Today!Your Story Is More Important To Us Than Your Credit PhoneThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. #### LP - Debt Consolidation Are you struggling to make debt payments, resulting in a plummeting credit score and bank rejection?Even if you have low credit, Calvert Home Mortgage offers flexible solutions and reasonable terms to help you achieve your goalsGet Help For Your Credit Challenges NowAll You Want Is a More Secure Life For You and Your Family. Yet - You’re Blocked By Credit ChallengesMaybe you have been told by traditional lenders that there are no mortgage solutions for you, and you feel like nobody can help.  Calvert Home Mortgage understands that getting a mortgage with a low credit score can be a struggle. We are here to help you access the capital you need.   Credit challenges shouldn’t stop you from securing the home you deserve.Get Help For Your Credit Challenges NowWhy Choose Debt Consolidation?Calvert Home Mortgage can provide first and second mortgages to pay down or even pay off your high-interest rate debt. This debt consolidation solution reduces borrowing costs, lowers your monthly payments, and provides you with a path to debt elimination.  With our debt consolidation solutions, you have the opportunity to re-establish your credit, gain peace of mind, and regain access to traditional financing options once your credit is re-established. Our Debt Consolidation Options Offers Great ReliefWe understand that unexpected situations arise that present credit challenges. Your Calvert Home Mortgage team will take the care to understand your unique situation and assist with short-term financing to restore your credit.  Once we have worked together to repair your credit, you are much more likely to get a mortgage from a traditional financial institution. Are You Carrying a High Debt Load? Perhaps you have accumulated a high-interest rate credit card and other debt with a hefty monthly payment that seems like a burden to conventional lenders. Maybe you are stressed and struggling to keep up with debt collector calls.  Calvert Home Mortgage may be able to pay off your high-interest debt in exchange for a lower interest rate and lower monthly debt repayment obligations. Then we work with you to improve your credit and get you refinanced with a lower-cost lender. Are You Dealing With Overwhelming Credit Challenges? If you are unable to make debt payments consistently, this can result in a low credit score. Calvert Home Mortgage may be able to assist with short-term financing options to help restore your credit. Then, after repairing your credit, you are much more likely to get a mortgage from a traditional financial institution. Are you Feeling Overwhelmed With Tax Debt? Perhaps you have fallen behind in your tax payments, or you have outstanding property tax bills. Maybe you are negotiating with the tax department to settle past tax debts. If you are struggling with tax debt, conventional lenders will not provide you with a mortgage. You must bring your tax debts up to date. Overcoming financial debt might feel impossible, but Calvert Home Mortgage can help. We can facilitate the payment of your overdue tax debts and get you back to traditional lenders as quickly as possible. Apply for a debt consolidation loan now and have a response by tomorrow.Experience the Relief Debt Consolidation BringsWe Are a Common Sense Lender Who Appreciates a ChallengeEven if you have been told NO by conventional lenders, we can help.  Calvert Home Mortgage gets it! Many people struggle to make debt payments, which results in a plummeting credit score and bank rejection. Unexpected situations arise that present credit challenges. We take the time to understand your unique situation and assist with short-term financing to restore your credit.  Once we have worked together to repair your credit, you are much more likely to get a mortgage from a traditional financial institution. Do you think your case is too complicated to ask for help? We are a common-sense lender who appreciates a challenge. Calvert Home Mortgage Cares. Reach Us TodayChristopher ARealtor It has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Contact Us Today! EmailThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. #### LP - House Flipping So, you found a perfect property to flip and you want to put in an offer to purchase...Unfortunately, all traditional financial institutions have guidelines that restrict the ability to flip properties.Calvert Home Mortgage can solve this roadblock!Secure Hassle-Free Flip Financing NowWe specialize in working with real estate investors, house flippers, and BRRR (Buy, Renovate, Rent, Refinance) enthusiasts. We lend to investors who buy, fix, and immediately resell properties for a profit. Our team of experienced Underwriters will consult with you to create a plan to ensure you’re profitable on your next flip. We’ve been providing an effortless mortgage lending experience since 1975. Apply for a house flipping loan now & have a response by tomorrow.Apply NowHow Can Calvert Home Mortgage Help Me Flip A House?We provide the education you need to make intelligent investments.Calvert Home Mortgage views lending as a partnership. That's why we are continually developing helpful tools and providing you with resources to support you in this competitive house flipping market. Our in-house experts help you plan your flip and get you the capital you need.We work with house flippers to maximize leverage options and create a plan to get the capital required to cash flow flip properties. Together we can quickly calculate the renovation budget and purchase, financing, operating, and selling costs. When you understand the numbers, you can find and close better deals. There Are Many Important Factors to a Successful Flip:Buy RightRenovate for the MarketStick to a BudgetQuick RenovationUnderstand Reno CostsKnow Your NumbersHouse flipping should be a profitable venture. Let the Calvert Home Mortgage team be your partner in profitability!Learn More About Flip FinancingFlip/BRRR Mortgages for Canadian Real Estate InvestorsHere's a snapshot:Low Down Payment Options ($10K) in Alberta & Ontario Unlock more real estate opportunities with smart leverage. With Calvert Home Mortgage, down payments start as low as $10K in both Alberta and Ontario—helping you keep more capital in your pocket so you can take on more projects and scale faster. The less capital you tie up per deal, the more opportunities you can pursue. Build equity, grow your portfolio, and move confidently on investments—without over-committing funds on day one. Pre-Approvals Built for Real Estate Investors Get pre-approved before you even have a property under contract, so you’re ready to act fast when the right opportunity appears. Our pre-approvals are valid for up to one year, giving you the confidence and flexibility to move quickly when the right deal comes along. Stay prepared, stay competitive, and execute with certainty—no delays, no missed opportunities. Fast Funding & In-House Expertise Move quickly and reduce costs with Calvert Home Mortgage’s in-house services and streamlined process. Our Real Estate Analysts provide free in-house valuations typically completed within 1 business day, helping you secure funding faster and with confidence. We can provide fast mortgage funding, in as little as 1-3 business days upon receiving all required documents, giving you the certainty and speed needed to capitalize on time-sensitive opportunities. In Alberta, you can also benefit from a single-lawyer closing, allowing one lawyer to act for both you and Calvert Home Mortgage—reducing legal fees and simplifying the transaction from start to finish. Flexible, Fully Open Mortgages Traditional lenders often charge payout penalties and rigid prepayment restrictions. With Calvert Home Mortgage, our mortgages are fully open—meaning you can repay anytime with no prepayment, payout, or renewal fees. Move at your pace, exit when the deal is ready, and keep more capital working for your next opportunity. I can’t say enough great things about Garrett and the team at CHMIC. They consistently go above and beyond to support your success and are incredibly transparent throughout the process. If you're tired of the conventional bank experience, work with Calvert. They’re a true partner and a huge asset to have on your team. Juan Pablo CarrilloJuan Pablo Carrillo Our Underwriting Philosophy:If it is a profitable deal, we want to be involved!We look at profitability first. Will this flip be profitable? At Calvert Home Mortgage, we’re committed to supporting real estate investors in their success. Our team reviews your deal with you and provides guidance to support strong, profitable decisions. We lend for success. We value your property based on its After Repaired Value (ARV) — it's worth as if renovated — using your budget and renovation plans. Whether you’re flipping, adding a rental to your portfolio, or executing a BRRR strategy, we position you for success by lending up to 80% loan-to-value on the ARV, helping you maximize leverage and preserve capital for renovations or other opportunities. We make it attainable. As a house flipper, you’ll cover renovation and carrying costs, making monthly interest-only payments along the way. We offer low down payment options starting at just $10K in both Alberta and Ontario, while lending up to 80% of the After Repaired Value (ARV) to help maximize your capital and keep projects moving. Our underwriting process is simple, transparent, and investor-focused. We take the time to understand your project, build a strong business relationship, and support a profitable flip you can be proud of. Terms & FinancingFast, flexible fix-and-flip & BRRR financing to help you scale your real estate portfolio. Term 6-month fully open mortgage with no prepayment penalties. Borrowers in good standing also benefit from a no-renewal-fee option, giving you maximum flexibility to exit when the deal is ready. Down Payment & Rates Start with as little as $10,000 down in Alberta and Ontario, allowing you to keep more capital available for renovations and additional projects. Rates start as low as 7.99%, helping you maximize returns while still moving quickly. Payments Monthly interest-only payments, allowing you to preserve cash flow during the project. Commitment Fee A percentage of the net loan amount, built right into the mortgage for a seamless borrowing experience. Flexible Blanket Mortgage Solutions If you choose to provide another property as additional security, you may benefit from an even more competitive rate and reduced borrowing costs. Once your flip sells or refinances and the mortgage is paid out, we will discharge all properties securing the loan. Calvert Home Mortgage can help you reach your house flipping goals.Our Process is Fast & Effortless. Real estate moves fast — and so do we. Our streamlined approval process provides committed terms within as little as 1 business day, with minimal conditions, so you can act confidently and secure great opportunities without delay. We Make Business Personal.Focused on your financial success, we take the time to understand your house flipping goals and provide trusted advice.It has always been a pleasure working with Calvert Home Mortgage. Their flipping products are extremely helpful for my business. They provide much more than just lending on properties when it comes to purchasing them. I suggest anyone looking to flip in need of creative financing to contact Calvert. Jason McNeillJason McNeill From first-time flippers to seasoned real estate investors, we provide the funding and guidance to support your investment success. Get The Flip Financing You Need Now! X/TwitterThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. Phone: 403-278-0249 | Toll-free: 1-888-752-4642Phone: 403-278-0249 Toll-free: 1-888-752-4642 #### LP - Mortgages Alternative Mortgages That Prioritize Your Financial SuccessCalvert Home Mortgage Lends Up To $2.5M on Residential PropertiesContact Us TodayWe are ready to discuss mortgages with Homeowners, Real Estate Investors & Mortgage Brokers.Calvert Home Mortgage is more than an alternative lender. We are also your partner in business! Your success is our success, and this approach has been the foundation of our business since 1975. Our empathetic team of trusted advisors believes in supporting your financial success through accessible mortgages. No matter the mortgage type, we can help make homeownership dreams a reality.  We know that time-sensitive deals require a quick response.  Mortgage Brokers, let us go to work for you! Contact Us TodayI'm a local mortgage broker and Calvert excels in their industry - they're my "go to". Professional, prompt, and they will only do business if the deal puts the client in a better position. The company is impressive, overall. You are in good hands working with them. -Garett C.Calvert Home Mortgage Offers Many Accessible Loan Options: Flip Financing We have worked with flippers for more than 35 years! We love lending to investors who buy, fix up, and immediately resell properties for a profit. Equity Take Out We are ready to help you meet a range of unexpected financial needs. Tap into the equity you’ve worked hard to build. Bridge & Interim Financing We provide bridge loans that help you access the money you need to make an exciting new purchase while your current home is on the market. Buy, Renovate, Rent, Refinance Our team can help you leverage your options and create a plan to get you the capital you need to cashflow your BRRR properties. Debt Consolidation One of our greatest passions is helping those who have lost hope to acquire financial success. Your story is more important than your high debt load. Tax Debt Our team can help you develop an action plan to get out of tax debt. We can help you take money out of your home to settle these debts. Credit Challenges Our team takes the time to understand your unique situation and assist with short-term financing to restore your credit. We Can Provide Capital For Many Types of Mortgages:Residential Homes | Condos & Apartments | Construction Projects Owner Occupied | Non-Owner Occupied | Non-Conforming Fees: starting at 1.5% (minimum $2,000) Flexible Terms: up to 25 years Amortization: interest only, or up to 25 years Max 80% LTV on after repaired value, or current value Loan Amounts: $10,000 to $2.5 million No appraisal required on properties up to $1.5 million. FREE in-house valuations. We take pride in helping Real Estate Investors finance their projects. Fast & effortless access to the capital you need.Get Approval in 24 HoursIt has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Christopher ARealtor The Calvert Home Mortgage team helps borrowers make healthy financial decisions. For more than 45 years, we have shown a commitment to the success and empowerment of our clients.  We provide a refreshingly transparent approach to private mortgages. When you call Calvert Home Mortgage, you benefit from a fast and effortless mortgage lending experience with no upfront costs or obligation to commit. We help you get back on the path to financial success. Homeowners who may have lost hope, our solutions come with peace of mind.  Apply Today, Know Tomorrow CommentsThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. Phone: 403-278-0249 | Toll-free: 1-888-752-4642Phone: 403-278-0249 Toll-free: 1-888-752-4642 #### LP - Private Mortgage Lenders Private Mortgage Lenders Can Provide You With Effortless, Low-Stress Mortgage Loan OptionsCalvert Home Mortgage offers homeowners a faster, more personal solution to accessing the capital they needApply For a Private Loan TodayFor more than 45 years, Calvert Home Mortgage has helped borrowers by being a highly committed alternative mortgage lender with integrity.Calvert Home Mortgage is committed to your success, and our team is here to empower you through sound financial decisions. We have a variety of mortgage lending solutions available to you. Calvert Home Mortgage takes pride in helping you finance your dreams.Apply For a Private Loan TodayCalvert Home Mortgage focuses on short-term alternative mortgage lending options. We work to get our clients back to a lower rate long-term solution as soon as possible.What Are Private Mortgage Lenders?Private Mortgage lenders are privately-owned companies who lend their money. These private mortgage loans are similar to those from a traditional lender; however, many advantages come from using a private mortgage lender. What Are The Benefits of Using a Private Mortgage Lender?Private mortgage lenders are here to help you when a traditional lender cannot. If you need a short-term bridge loan, help rebuilding your credit, or assistance paying off looming tax debt preventing you from securing capital from a bank, a private mortgage lender can help. As an Alternative Mortgage Lender, We Can Help in Numerous Ways:  Flip Financing Calvert Home Mortgage offers a short-term private mortgage solution to provide real estate investors access to capital for flip projects in Alberta and Ontario. We have worked with flippers for more than 35 years! Buy, Renovate, Rent, Refinance Calvert Home Mortgage can help to cashflow your BRRR properties. As an alternative mortgage lender, we can finance multiple properties - a restriction most traditional lenders place on BRRR clients. Bridge & Interim Financing At Calvert Home Mortgage, we understand that many homebuyers need bridge financing loans to make an exciting new home purchase while their current home is on the market. We can make purchasing a home exciting rather than stressful with our low-stress, effortless mortgage solutions. Equity Take Out Calvert Home Mortgage can help you deal with unexpected financial needs such as your kids’ tuition or home renovation. We can help you access the equity you’ve built into your home and provide you with the capital needed to improve your quality of life. Debt Consolidation The Calvert Home Mortgage team believes that your story is more important than your credit. We develop a plan to lower your monthly payments, reduce your interest costs, and improve your credit. Then, we can help you get back to a mortgage with a bank. Tax Debt Calvert Home Mortgage can help you develop a plan to pay your tax debt. When you have unpaid taxes, traditional lenders will not provide you with the capital you need. If you are behind in your tax payments or have tax arrears, we can help you take money out of your home to settle these debts. Credit Challenges Calvert Home Mortgage offers flexible solutions and reasonable terms to homeowners with high debt and low credit scores. We take the time to understand your unique situation and assist with short-term financing to restore your credit. A simple, low-stress path to a private mortgage loan.Apply Today, Know By TomorrowCalvert Home Mortgage Clients Benefit in Many Ways:We Move Faster Than Other Lenders. We offer a simple and fast approval process with a same-day commitment with as few conditions as possible. We Work for You.  Our team is empathetic and understanding of the challenges our clients face. We prioritize our clients’ needs and facilitate the right financial decisions.  We Focus On Advice and Transparency. We are constantly educating ourselves so we can remain trusted experts in what we do. Our team is here to provide the advice you need and assist with sound financial decisions.  We Deliver An Effortless Experience. Our response time and follow-through are part of our outstanding services that allow us to offer fast, flexible, and value-based lending options. Best of all, we make mortgage lending personal.Apply for your low-stress mortgage today!Contact Us NowIt has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Christopher ARealtor PhoneThis field is for validation purposes and should be left unchanged.Name(Required) First Name(Required) Last Name(Required) Phone(Required)Email(Required) Please select the option that best describes you:(Required)Please select an optionReal Estate InvestorMortgage BrokerHomeownerShareholderBrief Explanation(Required)Please indicate the nature of your request(Required)Please select an optionLive deal submissionPreapproval inquiryLearn MoreSelect location(Required) Alberta Ontario Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeEquity Take OutDebt ConsolidationTerm Purchase (no confirmed exit strategy within 12 months)OtherLocation: AlbertaBrief Explanation(Required)Select Loan Type(Required)Please select an optionFlip (Buy, Renovate, Sell) or BRRR (Buy, Renovate, Rent, Refinance)Purchase with a confirmed exit strategy within 12 monthsBridgeOtherLocation: OntarioBrief Explanation(Required)Any specific questions or details you’d like to share?How did you hear about us?(Required)Please select an optionEvent (Webinar or In-Person)Google SearchMortgage BrokerReal Estate CoachWholesalerReferralSocial MediaRealtor®OtherWhich Realtor®?(Required)Which event?(Required)Which Mortgage Broker?(Required)Which Real Estate Coach?(Required)Which Wholesaler?(Required)Who referred you?(Required)Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. Phone: 403-278-0249 | Toll-free: 1-888-752-4642Phone: 403-278-0249 Toll-free: 1-888-752-4642 #### Mortgage Brokers Where do we lend?*We lend to qualified borrowers throughout Alberta & Ontario. 100k+ population, or 25k driving distance within these city limits 50k+ population, or 10k driving distance within these city limits 10k+ population within city limits *Some restrictions apply You can submit deals through Finmo (Lendesk), Filogix, and Velocity. Short-term mortgage solutionsFlip (Buy, Renovate, Sell) & BRRR (Buy, Renovate, Rent, Refinance)Learn More We have a specific program to work with your Real Estate Investor clients who invest and flip houses. Calvert Home Mortgage can pre-approve your clients on a personal basis, speeding up the lending approval process. We set investors, flippers, and BRRR (Buy, Renovate, Rent, Refinance) clients up for success by lending up to 80% Loan-to-Value of the After Repaired Value. Clients can make monthly interest-only payments. BridgeLearn More We support your clients with temporary financing for the down payment on another home or other urgent needs to bridge the gap between a purchase and a sale property. Bridge mortgages can be used when your clients have listed or are in the process of listing their current property on the MLS with a Licensed Real Estate Agent or have a sale contract with a closing date after the purchase of another property. Debt ConsolidationLearn More We can assist you in improving your clients' cash flow, interest rates, and credit score, and can support with high-interest credit card debts and personal loans. Our team will work to understand their financial situation and develop a plan to lower their monthly bill payments, reduce interest costs, and, most importantly, improve their credit. Then, they can work with you, the Mortgage Broker, to return to a mortgage with an A or B lender. Calvert Home Mortgage has even helped clients quickly boost their score by up to 150 points in just 60 days! Foreclosure relief options are available. Purchase with a confirmed exit strategy within 12 monthsLearn More We work with your clients who are interested in purchasing a property to sell or refinance it within 12 months without any improvements or a change in the use of the property. If your client has purchased a property below market value or a pre-construction property that's increased in value from the purchase date, they may be able to reduce the required down payment.  Purchase mortgages with a confirmed exit strategy within 12 months can be utilized in various scenarios. They offer short-term solutions for time-sensitive opportunities, access to finding on a property's as-is value, a temporary mortgage while your client works to change their circumstances to qualify with an A or B lender, and more! Equity Take OutLearn More We support your clients who may want to access the equity in their property without selling it. Whether they need to pay for their kids' tuition, a home renovation, an investment in their business, or to obtain a second mortgage, we have a fast, friendly, and effortless solution. Term PurchaseLearn More We can support you and your clients interested in closing on the purchase of a property when conventional financing is unavailable. Save Time and MoneyDo more deals with our fast fundingDo more deals with our fast funding We understand the urgency in securing some mortgages, such as Flips and BRRRs (Buy, Renovate, Rent, Refinance). Get funding in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents. A rush fee of $1,000 may apply. Free in-house valuationsFree in-house valuations Save your clients time and money with our free in-house valuations. We do not require appraisals on properties valued up to $1.5 million. This allows your clients to save time and money while making quick, well-informed decisions. Appraisals are required on multi-family properties greater than four units. No renewal fee optionsNo renewal fee options We offer a no renewal fee option to borrowers in good standing. On renewal, we notify you, the mortgage broker, 90 days in advance. Calvert Home Mortgage sends refinance business back to you, giving you the opportunity to find a more suitable long-term solution for your client, helping them graduate into conventional rates. We always connect you on dealsWe always connect you on deals We ensure your position with your client is respected, and always connect you on future deals. Legal documentationLegal documentation Calvert Home Mortgage has the in-house expertise to prepare standard mortgage documents. We can prepare legal documentation and engage a single lawyer in Alberta, saving your clients time and money. This approach reduces miscommunication and potential errors. In-house signingIn-house signing Upon qualification, your Calgary-based client can sign directly with us for Equity Take Out deals to save time and money. Impress Your Clients With a 24 hour CommitmentImpress Your Clients With a 24 hour Commitment Our response time and follow-through are among the biggest compliments we receive from mortgage brokers. We offer a simple, fast approval process, often with a same-day commitment and with few conditions. Do More Deals With Fast FundingDo More Deals With Fast Funding Time-sensitive deals require a quick response, and we take action immediately. Receive funding 24-hours from your first phone call. How do we do it? Our team members are empowered to make smart and timely lending decisions. Our talented administrators are quick and efficient. No Fee, Same-day ValuationsNo Fee, Same-day Valuations Save your clients time and money with our no-fee, same-day valuations. Calvert Home Mortgage is the only Canadian short-term lender to provide valuations done by an in-house real estate analyst. In most cases we can provide this service in place of an appraisal, ensuring faster funding while saving your clients time and money. No Renewal FeesNo Renewal Fees We renew at no cost to borrowers in good standing. On renewal, we notify you, the mortgage broker, 90 days in advance. Calvert Home Mortgage sends refinance business back to you, giving you the opportunity to find a more suitable long-term solution for your client, helping them graduate into conventional rates. Legal DocumentationLegal Documentation Calvert Home Mortgage has the in-house expertise to prepare standard mortgage documents. We can prepare legal documentation and engage a single lawyer, saving your clients time and money. This approach reduces miscommunication and potential errors. In-House SigningIn-House Signing Upon qualification, your Calgary-based client can sign directly with us for Equity Take Out deals to save time and money. Submit a DealThe Calvert Home Mortgage Team is committed to providing Mortgage Brokers with up-to-date industry information and resources:ReportsRead more Mortgage CalculatorsRead more Educational VideosRead more View All Resources I'm a local mortgage broker and Calvert excels in their industry - they're my "go to". Professional, prompt, and they will only do business if the deal puts the client in a better position. The company is impressive, overall. You are in good hands working with them. -Garett C.Grow your Broker BusinessSubmit a DealEducational Tools for Your BusinessCalvert Home Mortgage offers incredible educational resources to help you and your clients succeed. We provide a monthly real-estate economic report, robust analyzers, and other valuable tools created to add ease to your deals. View Now Say Goodbye to VoicemailOur underwriters are always available to take phone calls, work through deals and offer feedback, suggestions, and advice. We work as a collective team, so your deal is never delayed due to internal underwriter competition.  Always your ClientWe are your partner, not your competition. When you bring us a client, we respect this relationship. We always connect you on future deals so you can continue to serve your client. Calvert Home Mortgage treats you, the mortgage broker, with ultimate respect. We Work for YouWe will work with your clients as much or as little as you choose. Either way, you can trust us to do what's best. We enjoy collaborating on presentations with our mortgage broker partners and brokerages, real estate agents, and investors to discuss further how we can be a support. You work directly with underwriters, the decision-makers, to get your clients approved quickly. BrokerAre you a broker from a bank?Calvert Home Mortgage believes in partnering with banks to assist their clients with complex mortgage needs. We are flexible and open to working together to repair your clients' credit or solve a problem preventing them from securing funds through a bank. We work hard to get your clients back to you - the bank - as soon as possible. Let's talk JOIN OUR COMMUNITY OF 6,300+ MORTGAGE BROKERSGet lending insights, case studies, and market updates — straight to your inbox! Sign up to stay ahead with strategies, tools, and updates designed to help you serve more clients, faster — from assessing opportunities to structuring short-term solutions with confidence. URLThis field is for validation purposes and should be left unchanged.First Name(Required) First Name Last Name(Required) Last Name Email Address(Required) Location(Required)AlbertaOntario No spam! Just valuable resources and insights for serious mortgage brokers. Unsubscribe anytime. Meet our team of experts.Meet the Team #### Mortgages MortgagesA fast and personal approach to accessing short-term capitalBenefit from our knowledge and experience to get your low-stress mortgage. No upfront costs or obligation to commit. Where do we lend?* We lend to qualified borrowers throughout Alberta & Ontario. 100k+ population, or 25k driving distance within these city limits 50k+ population, or 10k driving distance within these city limits 10k+ population within city limits *Some restrictions apply Apply NowFlipAvailable in: Alberta, OntarioWe love lending to investors who buy, fix up, and immediately resell properties for a profit. To optimize profits, you need access to capital - and fast! But, accessing funding for real estate projects through traditional lenders is often a cumbersome, complicated process.  Calvert Home Mortgage provides an effortless approach for Real Estate Investors to access capital for flip projects in Alberta and Ontario. Learn MoreBuy, Renovate, Rent, Refinance (BRRR)Available in: Alberta, OntarioInvesting in real estate is an excellent way to build financial wealth. However, banks have guidelines that can restrict your ability to finance multiple properties.  Calvert Home Mortgage can help you leverage your options and create a plan to get you the capital you need to cashflow your BRRR properties. Whether you have one-income property or many, we are here to help. Learn MorePurchase with confirmed exit within 12 monthsAvailable in: Alberta, OntarioWe work with you if you are interested in purchasing a property with the intention of selling or refinancing it within 12 months, without any improvements being made or a change in use of the property. If you have purchased a property below market value or a pre-construction property that's increased in value from the purchase date, you my be able to reduce the required down payment. Purchase mortgages with a defined exit within 12 months can be utilized in various scenarios. They offer short-term solutions for time-sensitive investment opportunities, access to funding based on the as-is value of a property, a temporary mortgage while you are changing your circumstance to qualify with an A or B lender, and more! Learn More Bridge MortgagesAvailable in: Alberta, OntarioCalvert Home Mortgage works with you and your Mortgage Broker if you require temporary financing for the down payment on another home or other urgent needs to bridge the gap between purchasing and selling a property. We will consider a Bridge mortgage, even if your property is still in the process of being listed. We are committed to seeing you succeed! Bridge mortgages can be used when a homeowner has listed or is in the process of listing their current property on the MLS with a Licensed Real Estate Agent or has a sale contract in place with a closing date after the purchase of the other property. Learn More Debt ConsolidationAvailable in: AlbertaIf you ask us what we love most about the Calvert Home Mortgage approach, we will tell you that it’s helping those who have lost hope to acquire financial success.  Are you having problems managing your monthly bills? Overwhelmed by collection calls? Unable to get a mortgage from a bank due to the burden of a high debt load? Don't want to break your current mortgage and pay a large prepayment penalty? Calvert Home Mortgage can help with your high-interest credit card debts and personal loans. We work to understand your financial situation and develop a plan to lower your monthly payments, reduce your interest costs, and, most importantly, improve your credit. Then, we can help you get back to a mortgage with a bank. Try our free Debt Consolidation CalculatorTry It NowEquity Take OutAvailable in: AlbertaAre you dealing with unexpected financial needs? Whether you need a temporary hand paying for your kids’ tuition, a home renovation, invest in your business, or obtain a second mortgage, we have a fast, friendly, effortless solution. Calvert Home Mortgage is ready to assist you in meeting a range of financial needs focused on improving your quality of life. Together, we will create a plan to ensure you can access the equity you’ve built in your existing home. It’s our goal to get you the help you need with a plan that ensures your financial success. Our team truly cares, and we work hard to ensure you and your family can achieve your life’s goals. We help you tap into the equity you've worked hard to build.Learn MoreTerm PurchaseAvailable in: AlbertaConventional mortgage not an option? Unlike our other mortgage solutions, our Term Purchase mortgages do not have a confirmed exit strategy within 12 months. If you're interested in closing on the purchase of a property and conventional mortgage options aren't available, we are here to support you. Take control of your debt and reduce your stress.Learn More We Are A Common Sense Lender Who Appreciates A ChallengeOur CultureOur Difference #### Our Culture Celebrating 50 Years of Trust and PartnershipCalvert Home Mortgage was founded in 1975 and became a licensed Mortgage Investment Corporation (MIC) in 1982. In our 50 years, we funded over 10,000 real estate deals and loaned more than $2.2 billion to real estate investors, mortgage brokers, and homeowners across Canada. These figures represent the trust and satisfaction of over 10,478 clients who’ve chosen us to support them. They speak to the strength of the relationships we’ve built through our core values: service, trust, education, people, and solutions. This 50-year milestone represents legacy, resilience, and innovation. It underscores our commitment to supporting clients, partners, and communities through changing markets, challenges, and opportunities. Our CultureBuilt on a culture of care, authenticity, and responsivenessWe are on a mission to be Canada's most trusted mortgage lender so that our customers, investors, and partners succeed and grow in thriving communities. Calvert Home Mortgage has been recertified for Canada's Most Admired Corporate Cultures Award program. As a 2022 winner, we are proud to be recognized for this award for the third year in a row, having demonstrated our commitment to preserving and strengthening our corporate culture each year. Click here to learn more. Our ValuesCalvert Home Mortgage cares about the STEPS we take everyday Service: Our aspiration is that everyone is better off for their interactions with us. Trust: We help people through the most important financial decisions of their lives. Education: All of our efforts are grounded in teaching and learning so we can succeed together. People: We see the people behind every mortgage. Solutions: We are energetic problem solvers, finding ways to help our customers. How Calvert Home Mortgage Achieves 90% Employee Retention with Monark's Support"Calvert Home Mortgage is a team of high performers committed to a big vision, prioritizing company culture above all else. The organization has been one of Canada’s most admired cultures for two years in a row. It is also a four-year winner of a top mortgage employer award through Canadian Mortgage Professional Magazine. 'Culture drives everything we do, and we won’t do something if it sacrifices culture,' says Julia Smithers, HR Manager. Calvert has an ambitious plan to grow its assets under management by more than triple over the next five years. Investing in its people is critical to achieving this goal." Click here to read the full case study from Monark. Family BusinessOn a podcast episode with Judy Aldous on Alberta@Noon CBC Radio (Highlights), Dean Koeller, CEO and President of Calvert Home Mortgage Investment Corporation discussed what it was like taking over the family business. Throughout the episode, he shares some of the key things that he and his brother, Dale Koeller, Chief Risk Officer at Calvert Home Mortgage, have learned along the way. The family business was founded to fill the gap between what banks offer and what some borrowers need to be able to access capital to purchase a home or real estate investment. Their focus is on short-term financing solutions that meet these needs. Being a family business has its challenges, but it’s more important to lean on each other’s strengths rather than criticize each other’s weaknesses. “Using outside advisors can be so helpful to building the right level of respect to have conversations that go in a healthy direction,” says Dean. He highlights Family Enterprise Canada (FEC), an advisory designation where participants learn how to work with families in an effective manner. It allows families to bring forward any conflict and the expectations that exist, to ensure things are dealt with in a productive manner and not in a way that pulls the family apart. Dean also shares how they sought out organizations such as the aforementioned FEC and also the Alberta Business Family Institute (ABFI), which he now serves as a board member, to be able to find advisors that really understood the dynamics of family businesses to help them find direction. “Once we found that direction, the ability of our business to be able to connect with our clients and do the great work that we do has allowed us to have so much success as a family and as a business.” Learning how to work together has cultivated a strong culture, and in turn, has resulted in Calvert Home Mortgage being awarded one of Canada’s most admired corporate cultures. This is an award we are very proud of. The TeamGet to know Calvert Home Mortgage’s team of trusted experts.Meet the TeamWe Believe InCommitting To The Personal And Financial Success Of OthersWe are more than an alternative lender. We are your partner in business. Your success is our success, and this approach has been the foundation of our business since 1975. Inspiring Others To Make Good DecisionsWe know that trustworthy mortgage solutions are important to you. We take the time to listen to the needs of our Mortgage Broker partners, the Real Estate Investors we meet, and the homeowners we work with. We can lend our expertise and suggest the most cost-effective options. Our goal is to make a positive contribution to real estate investments. Adding Value Through Knowledge, Wisdom And ServiceWe provide our clients and partners with valuable resources. Sharing our knowledge means you have the tools and resources required to make decisions with confidence. Being Honest, Authentic And CaringWe do things differently. This distinction starts with providing transparent, caring, and empathetic service to our clients and partners. We ensure a high ethical standard within the alternative lending industry. Our DifferenceWe make lending easier and more approachable.What Differentiates Us We Strive To: Develop Meaningful Relationships  Provide An Effortless Experience  Inspire And Be Inspired Live And Work With Integrity Be Open To Possibilities Work With Passion Be Adaptive Learners Create, Collaborate And Share Give generously and receive graciously Giving BackWe maintain a culture that is committed to giving back and serving our community. The Charitable Foundation Of The FamilyEverett Koeller is the founder of this charitable foundation, and with the support of his family, they continue to make a difference in their community. The Charitable Foundation of the Family is a grassroots organization whose focus is on helping others in their moment of need. They are committed to assisting those in our community who are financially oppressed, furthering education through scholarships, and ultimately promoting growth and unity in our community.  The foundation does not duplicate existing services; instead, it looks to partner with agencies to find the best, most resourceful, and self-sustaining methods to help those in need.  Christmas Charities2020 was a challenging year for so many in our community. For this reason, our team members decided that in place of sending Christmas gifts, we would make charitable donations.  The team asked our investors and mortgage broker partners to help us decide between a few charities. In the spirit of giving, Calvert Home Mortgage donated to 3 charities on behalf of our investors and mortgage broker partners: Charitable Foundation Of The Family  Canadian Mental Health Association Distress Centre JOIN OUR TEAMDoes our culture resonate with you? We are growing!Career Opportunities #### Privacy Policy Calvert Home Mortgage Investment Corporation Privacy Policy and Procedures At Calvert Home Mortgage Investment Corporation (CHMIC) we believe in building relationships with our customers. These relationships are built on trust and respect. Part of the process of establishing trust and respect is to inform you of our information handling practices, the reasons for these practices, security steps in place to protect your information and your role in controlling your own personal information. We acknowledge that your personal information is a valued asset and we want you to know we will treat it that way. Collecting Personal Information CHMIC accepts personal information from individuals, partnerships, proprietorships and companies who may wish to borrow money from our Company or a related party. In order to provide you with our services, we may collect the following information about you: contact and mailing information such as your name, address, telephone numbers, fax number and email addresses; your date of birth; your Social Insurance Number; employment information, credit information, asset information and personal references; information about the nature and financial situation of any company where you are a significant shareholder; insurance information; municipal and legal descriptions of your properties; Any other relevant information which is necessary to provide you with our services. In the case that we receive your information from a mortgage broker or other similar professionals our Privacy Policy and Procedures will apply the same as if we collected the information ourselves. Furthermore, your knowledge and consent is required for the collection, use or disclosure of your information, except where required or permitted by law. Upon written request, you will be informed of the existence, use and disclosure of your information, and be given access to it. You may verify the accuracy and completeness of your information, and have it amended at any time, if appropriate. Purposes of Collection We will only collect the personal information we require to fulfill the following purposes: To secure a mortgage on the clients behalf; To prepare security documents; To verify identity; To cross reference residential and business addresses; To establish credit worthiness and ability to repay; To assess clients present and future needs; To establish character regarding history of completing contracts; To protect our security interests; To negotiate or sell our security interests; and, Any other purpose that may be required or permitted by law. Information Disclosure to Third Parties Calvert Home Mortgage Investment Corporation (CHMIC) may disclose your information to third parties that may include but are not limited to: Accountants, Auditors, Lawyers, Employees and company Directors; Banks, Lenders and Creditors; Credit representative agencies; Home Insurance and Mortgage Insurance and Title Insurance Corporations; Obtaining Consent We believe that part of establishing trust and integrity comes from allowing you to decide whether you wish to provide your personal information to us at the time we ask for it. Accordingly, we will advise you of the personal information we require, and the purposes for which that information is being collected. When we are dealing with each other over the telephone, we will obtain your verbal consent. CHMIC will use a number of methods to obtain permission for the collection of personal information: Client signs and dates a credit application with privacy policy disclosure. Client signs the commitment letter authorizing collection, use and disclosure. In the case that a client authorizes an intermediary, mortgage broker to release information to CHMIC on their behalf. In the case that information is given over the telephone the individual will be advised and a note on the file will state consent given and the date of that consent. In the case that information is given online through our application form, client understands that information will be used in accordance with our privacy policy disclosure. Safeguarding your Personal Information Like you, we at Calvert Home Mortgage Investment Corporation (CHMIC) value your personal information. Part of valuing your personal information is ensuring it is protected and kept confidential. The following procedures are enforced to ensure your information is secure: filing cabinets and areas where files are stored are in a safe and secure environment; only employees who need access to the storage areas or filing cabinets have access to them; contracting the shredding of papers containing personal information rather than placing them in a garbage can or recycling bin; training our employees so they know our privacy policies for protecting personal information and the consequences of not following them; having employees that understand trust and confidentiality; using screensavers so visitors to our office cannot see information on our computers; using firewalls and anti-virus programs on our computers; using passwords to make sure that only certain employees have access to information on computers and changing the passwords often; erasing computer hard-drives before we sell or otherwise dispose of them; continuous review and update of files; a specialized encrypting system is used to protect your online information from being hacked or exposed to outside sources without your prior consent. Updating and Retention of your Personal Information Calvert Home Mortgage Investment Corporation (CHMIC) will do its best to ensure that your personal information is accurate, complete and kept current. We will accomplish this by: An agent will contact you to verify your personal information before any decisions are made or action is taken. Public databases, credit bureaus and reporting agencies are utilized to confirm the information is accurate. Due diligence on the part of the client to inform us of the change or error in any personal information. Retention of Information Retain information as long as is necessary to continue to meet your needs and any legal requirements we may have. However, once your personal information is no longer needed and there is not legal or other issues that prevent a file from being destroyed we will destroy the information based on the suggested timetable: For clients who borrow funds the personal information will be retained for a minimum of 7 years from payout but not longer than 8 years from payout subject to any laws which may require a longer retention period. For clients who have been declined or have withdrawn their applications, their personal information will be destroyed between a minimum 1 year and maximum 2 years from date of decline or withdrawal subject to any laws which may require a longer retention period. Destruction of Information To ensure that information is properly destroyed the following procedures are in place: Files will be date stamped at decline or when paid in full; The name, address of mortgaged property and date of decline or payout will be entered into a database. Once per year a diary note will initiate an employee task to destroy files or parts of files that enter the category of evaluation. (see pretention of information for more detail.) Once per year a diary note will initiate an employee to manage our online files that have been paid in full or declined, and have them permanently removed from our system. (see retention of information for more detail.) Access, Complaints and Inquiries Should you wish to access your personal information or have any complaints or questions about Calvert Home Mortgage Investment Corporation's Privacy Policy please contact our Privacy Officer. Phone: 1.403.278.0249 Toll Free: 1.888.75.CHMIC (24642) Fax: 1.403.225.0549 Email: admin@chmic.ca All issues will be referred to the President and the Privacy Officer of Calvert Home Mortgage Investment Corporation. The Privacy Officer shall make an initial response to all inquiries and complaints within 48 hours. If the request cannot be handled immediately a reasonable time estimate will be made for the response. In compliance with S28 of the PIPA the Privacy Officer will reasonably try to respond to an Applicant within 45 calendar days of the request but this time limit can be extended by an additional 30 days if required. Please note that a nominal fee may be charged based on the volume of the information required. #### Real Estate Investors Investing in real estate is a great way to build your financial wealth.However, traditional banks often have strict guidelines that can limit your ability to finance multiple properties. That’s where Calvert Home Mortgage comes in. We specialize in partnering with real estate investors and their mortgage brokers to provide fast and flexible financing solutions. Whether you’re flipping properties to resell or buying, renovating, renting, and refinancing to grow your portfolio, we’ll work together to help you maximize your leverage. Our team collaborates with your mortgage broker to create a customized plan that gets you the capital you need to cashflow your investments—whether you’re managing one property or 100. Curious about our rates? Submit this form to get our rates and product details sent to your inbox instantly. ACCESS RATES & PRODUCT DETAILSStart and Scale Your Portfolio with Calvert Home MortgageFast Track FundingLearn More Commitment Letters are typically issued within 1 business day, with funding available in as little as 1-2 business days in Alberta and 1-3 business days in Ontario, upon receiving all required documents. This ensures a smooth, efficient transition from approval to closing—so you can close deals quickly, exactly when it matters most. Low Down Payment OptionsLearn More Less money down means you can maximize your investment opportunities. We offer down payment options as low as $10K in Alberta and Ontario. No Appraisals. Faster Turnaround.Learn More No appraisals are required on properties valued up to $1.5 million. Appraisals are required on multi-family properties greater than 4 units. Free in-house valuations are typically completed within 1 business day. This saves you valuable time and money. Flexible Mortgage SolutionsLearn More We provide fully open mortgages with no prepayment penalties, as well as flexible solutions that allow the use of equity from another property as security. Personal Pre-ApprovalsLearn More Our pre-approvals focus on you, not just the property – giving you the confidence to act fast on investment opportunities. You’ll work directly with our decision-makers, the Underwriters. Property valuations are done in-house at no cost within 1-2 business days, saving you time and money and empowering you to make informed decisions. Our pre-approvals are valid for up to one year. This gives you the flexibility to pursue multiple opportunities without starting the process from scratch each time. If another project arises within that year, we only require updated documents to move forward, saving you time and effort in securing financing. We Fund Properties In All ConditionsLearn More Whether it’s outdated, damaged, or completely uninhabitable, we don’t shy away from properties that traditional lenders reject. Our team understands the value beyond appearances — we focus on the opportunity, not the condition. That means faster approvals and funding for your clients, even on distressed or neglected real estate. If the numbers work, we’re in. Our goal is to support you in being profitable on every deal.What makes a successful flip? Buy the right property Renovate to meet market demand Stick to your budget Complete renovations quickly Accurately estimate renovation costs Understand your overall financials We offer tailored lending solutions for real estate investors focused on both fix-and-flip projects and buy-renovate-rent-refinance strategies. Plus, get a second opinion on your property valuations and renovation plans to help you make confident, informed decisions.It has always been a pleasure working with Calvert Home MortgageI am a long-term associate in the real estate industry and I can tell you that Calvert has been an exemplary lender to work with. I have worked with multiple clients of theirs. The personal service is like a small-town branch, not a big unfeeling bank. I do not hesitate to recommend talking to Calvert for your borrowing needs.  I like them so much, that I and my wife invest with them. Christopher AFounder of https://www.real-estate.ca Frequently Asked QuestionsWe understand every investment is different. Here are some of the top questions we get from real estate investors. Do you provide renovation funds? Learn More As a short-term residential mortgage lender focused on supporting real estate investors, we understand that renovations are often a critical part of your investment strategy.  While we don’t directly fund renovations, we offer flexibility by allowing you to use equity from another property you own as security. This equity can be used to access additional funds for renovations, larger down payments, or potentially lowering interest rates. The loan-to-value (LTV) we consider on blanket properties depends on multiple factors, and we are here to guide you through the process and ensure your financing aligns with your investment goals. We require proof of funds for: Down payment Renovations Closing and carrying costs At Calvert Home Mortgage, we’re committed to supporting your growth as a real estate investor, providing access to the capital you need to succeed. Can the down payment, renovation costs, and carrying costs come from borrowed funds? Learn More Yes, we allow the down payment, renovation costs, and carrying costs to come from borrowed funds. We do expect you to invest some of your own funds and demonstrate the ability to cover our mortgage and any borrowed amounts. We also require transparency about the source of these funds. If they come at a cost, we’ll assess the payment obligations and ensure they align with our lending criteria. Gifted funds are accepted, as long as they are properly documented. Our goal is to provide you with the flexibility to make your investments work for you while ensuring the financials align with our lending guidelines. Do you offer financing for out-of-province borrowers? Learn More Yes, as long as the property is in Alberta or Ontario, and you are a resident of Canada. We’ll want to ensure you have a clear plan for managing the project remotely – supporting you to stay on track and maximize success. Do you fund multi-family or construction properties? Learn More We provide financing for multi-family and select commercial properties, such as office and retail spaces. This enables you to diversify your portfolio with income-generating projects. While we don’t fund industrial properties, this targeted approach ensures you can focus on high-demand property types with strong marketability, supporting your ability to build wealth through a balanced investment strategy. What are your requirements for joint venture deals? Learn More At different stages of your real estate investment journey, joint ventures (JVs) might be the strategy that works best for you. We’re here to support you, and we may even connect you with a JV partner to help maximize your opportunities. To move forward, we require: Joint venture agreement Proof of funds Completed third-party information form Is the down payment for a flip mortgage based on the purchase price or the after-repair value (ARV)? Learn More For flip mortgages, the down payment is based on the property’s purchase price, not the after-repair value (ARV). This means you can secure financing with a smaller initial investment, allowing you to focus more capital on renovations and improvements. We know that maximizing your investment potential is key, so we ensure the down payment structure is designed to support your project’s success. With the purchase price as the basis, you can move forward with confidence, knowing that your down payment won’t be inflated by projected property values post-renovation. Check out our full FAQ resource and get the clarity you need to move forward with confidence.  Access FAQ ResourceOur Underwriting Philosophy:Profitability Comes First Your success is our primary goal, and profitability is our first underwriting filter. We partner with you and your mortgage broker to make careful real estate investment decisions to maximize your profits. Lending For Success We set investors, flippers, and BRRR clients up for success by lending up to 80% Loan-to-Value of the After Repaired Value. You just cover the cost of renovations and make monthly interest-only payments. We work with BRRR (Buy, Renovate, Rent, Refinance) clients and their mortgage brokers to refinance once the property is renovated and rented. This approach reduces short-term mortgage financing costs. Explore our resources designed to help you invest smarter — from insights to tools, it’s all in one place.Explore ResourcesLearn more about our Flip and BRRR (Buy, Renovate, Rent, Refinance) mortgage solutions. Flip MortgagesBRRR MortgagesProviding an effortless experience since 1975As of November 2025, we have lent +$2.8 billion in mortgages and have funded +11,000 deals. We place a significant focus on short-term lending with exceptional customer service.  WHERE ELSE WILL YOU FIND: Capacity to offer mortgages for high-volume investors. Low down payment options. Help new investors to get into the real estate business. A focus on short-term lending options. Flexible lending for real estate investors with unique or challenging circumstances. Simple and fast process with funding on a rush basis in 1-2 business days in Alberta, 1-3 business days in Ontario after receiving all required documents. A rush fee of up to $1,000 may apply.  JOIN OUR COMMUNITY OF 3,700+ REAL ESTATE INVESTORSGet expert tips, case studies, and market updates — straight to your inbox! Sign up to receive strategies and practical tools to support smarter real estate investing — from sourcing the right deals to navigating each stage with confidence. URLThis field is for validation purposes and should be left unchanged.First Name(Required) First Name Last Name(Required) Last Name Enter Your Email(Required) Location(Required)AlbertaOntario No spam! Just valuable resources and insights for serious real estate investors. Unsubscribe anytime. #### Shareholders To learn more about becoming a shareholder, fill out the form below. LinkedInThis field is for validation purposes and should be left unchanged.First Name(Required) First Name Last Name(Required) Last Name Phone(Required)Email(Required) Brief Explanation(Required)Newsletter Opt-in Box I would like to receive emails from Calvert Home Mortgage Investment Corporation. You can unsubscribe at anytime. Dealing RepresentativesDean KoellerPresident & CEO, UDP, Dealing Representative Jesse BobrowskiVice President of Business Development, Dealing Representative Garrett LaBarreUnderwriter Manager, Dealing Representative Ryan DayHead of Business Development, Dealing Representative #### Sitemap Pages Apply Now Contact Us Cookie Policy Home Homeowners Learn LP – Bridge Mortgages LP – Construction Mortgages LP – Debt Consolidation LP – House Flipping LP – Mortgages LP – Private Mortgage Lenders Mortgage Brokers Mortgages Our Culture Privacy Policy Real Estate Investors Shareholders The Team Why Work With Us #### The Team The TeamFeel confident with our trusted team working with you.It takes a lot of heart to be the best at what we do. We take our success and yours to heart. Let us go to work for you! Meet the TeamExecutive TeamEverett KoellerFounder While building a successful lending career in the early 1960s, Everett discovered a need for short-term mortgage loans through a trusted source. Answering the call, he founded Calvert Home Mortgage Investment Corporation in 1975 with a focus on providing an effortless client experience tailored to their needs. For more than 45 years, Everett has been instrumental in the company's growth and development. He continues to mentor the team in disciplined underwriting and living the values that initiated Calvert Home Mortgage’s success. Dean KoellerPresident & CEO, UDP, Dealing Representative Growing up in the lending business, Dean's father, Everett Koeller, taught him to bring his best in everything he does. Mentored to build an organization that truly cares, Dean believes in creating a winning culture which is committed to our clients, team members, stakeholders, and community. As a leader, Dean is committed to being a trusted advisor and creating an effortless client experience. Dean's motivation comes from his passion for helping others discover and grow their success. Dale KoellerChief Risk Officer Since 2001, Dale has been advancing his skills and knowledge of the mortgage industry. He quickly became recognized as a lending leader in the real estate market with a reputation for placing substantial value on personal connections. Dale is a trusted advisor offering education and analytical analysis to his clients. His knowledge provides valuable insight into the best financial solutions to serve each unique client need. Dale’s wife and two daughters are his pride and joy. He enjoys hiking, skiing and camping with his family. Candia CopeVice President of Operations and Innovation Candia brings financial services expertise encompassing customer service, lending, investing, compliance, administration, and operations. She holds a wealth of experience working in major financial institutions, including time spent teaching at a private business college, years in the RESP sector, and 15 years in the private lending sector. Candia believes real estate can provide tangible security for investments and allows investors to see the security that backs their investment. Candia's sense of fun and energy is contagious to those around her. Her number one priority is her family, creating lasting memories from their many adventures skiing, spending time in the mountains or the ocean. Jesse BobrowskiVice President of Business Development, Dealing Representative  Meet Jesse Bobrowski. With over 17 years of experience in real estate lending and investing, Jesse isn’t just about business; he’s all about people and supporting those around him. His mission? To educate and inspire others to achieve personal and financial success. In his role, Jesse develops, nurtures, and grows relationships with mortgage brokers, capital partners, borrowers, and, of course, the team at Calvert Home Mortgage. When Jesse isn’t working, he enjoys family life as a proud husband and father of two little ones. He loves hitting the ski hill, fishing, hunting, and mountain biking. Jesse is passionate about learning and is particularly curious about economics, financial markets, geopolitics, history, and technological trends. Chris WalkerChief Operating Officer Chris joined our team in April 2024 as the Chief Operating Officer. He is a seasoned banking professional with 23 years of experience in financial operations, process implementation, and strategy. Chris has a passion for personal and commercial credit and portfolio management. He joins us from BMO Private Wealth, a fully integrated wealth management firm, and brings unparalleled expertise in overseeing large-scale operational initiatives. He has a proven track record of driving efficiency and optimizing processes. Chris is dedicated to delivering exceptional results and enhancing client satisfaction. Underwriting TeamSherwin DziwenkaOperational Implementation Manager   Sherwin is known for his personalized approach. He develops an effortless and creative solution to serve each client's specific needs. Before joining the Calvert Home Mortgage team, Sherwin spent time developing himself as a mortgage broker with a national brokerage. Sherwin's broker experience translates to a genuine understanding of what mortgage brokers require from their lenders to quickly and successfully close. He is a proud father. Garrett LaBarreUnderwriter Manager, Dealing Representative  Garrett has a passion for working closely with clients to achieve the best possible solution given their unique circumstances. As a former athlete and team member of an NCAA tennis program, he understands the perseverance and hard work required to succeed. Garrett has committed his career to real estate financing and has demonstrated a commitment to customer service, real estate investing, and credit rehabilitation. Spenser BrooksUnderwriter Spenser brings his passion for Real Estate, learning, and client-focused interactions to his position as Underwriter Success Associate with Calvert Home Mortgage. He received his B.A. in Economics from the University of Calgary and is currently enrolled in his level one CFA. Spenser previously worked in the Oil and Gas industry on the US Oil Equity Research team for Enverus, as well at Kearl Lake as a Project Coordinator. It was through these opportunities that he developed his passion for customer-focused solutions and data-driven answers. In his spare time, Spenser enjoys golfing as regularly as the weather allows, as well as strength and conditioning training. Logan MoroUnderwriter Logan joined Calvert Home Mortgage in October 2021, bringing extensive administrative and organizational expertise from her senior legal assistant roles within the Alberta Crown Prosecutors Office. Her strong desire to continue to learn and grow led her to transition from the legal field to real estate. Logan’s favourite part of her role as an Underwriter is building relationships with clients and industry partners. She takes great pride in providing creative solutions to meet the needs of the client and loves seeing the finished projects come to life, contributing to the revitalization of communities. Outside of work, Logan enjoys spending her time with her husband and daughter. Moneet GillUnderwriter Moneet joined Calvert Home Mortgage in April 2022, bringing a Bachelor of Arts in Criminal Justice from Mount Royal University and a wealth of experience in client relations and documentation analysis. As a first-generation Canadian, she is passionate about helping clients achieve financial stability and success through the mortgage underwriting process. Moneet excels at assessing loan risk, reviewing financial documents, and ensuring compliance, all while making the mortgage journey as smooth as possible for her clients. Her love for real estate, inspired by her family’s long-standing involvement in the industry, fuels her dedication to helping others achieve their homeownership and investment dreams. Outside of work, Moneet loves spending time with her family, enjoying delicious food, and traveling to new places! Melissa LeeUnderwriter  Melissa joined the Underwriting team at Calvert Home Mortgage in November 2022. Prior to CHMIC, she worked in IT as a data analyst and scrum master where she developed analytical skills, facilitated meetings, and coached agile concepts. She started her real estate investing journey in 2019, holding both long and short-term rentals. Throughout her journey, she has done some of her own renovations and managed contractors. Melissa is excited to utilize her analytical abilities and her passion for investing to work alongside investors, educating and providing them with products to help them build and scale their portfolios. When Melissa isn’t engaged in real estate, you can find her reading, at the gym, spending time with family, or trying to find the best cheap foods in town. Hannah WhitmanUnderwriter Hannah joined the Calvert Home Mortgage team in May 2022 as a Junior Mortgage Administrator in Funding and transitions to the Underwriting department in November 2023. Her background in legal studies and numerous years of experience in the real estate field has equipped her to excel and assist Mortgage Brokers and borrowers with their mortgage inquiries. Beyond the numbers, she truly understands the significance of homeownership - whether you are a first-time buyer or a seasoned Real Estate Investor. She focuses on fostering connections and creating personalized solutions. Hannah believes in the Company's values and brings positivity, friendliness, and a great sense of humour to the office, her coworkers, and clients. Jen LintonUnderwriter   Jen joined the Underwriting team at Calvert Home Mortgage in October 2023 and brings with her a strong educational background. She holds a Bachelor’s Degree in Business from St. Anselm College in Manchester, New Hampshire, and furthered her education with an MBA, concentrating on Marketing, at Southern New Hampshire University. While her career began in the mortgage industry, Jen took a brief hiatus from the corporate world to focus on raising her two young boys and share her love for fitness by teaching classes. She’s not only an experienced fitness instructor but is also a fitness enthusiast herself. Born and raised in the United States, Jen’s free time reflects her diverse interests. She can often be found engaging in fitness-related activities, indulging in a good book, or baking chocolate chip cookies. Jen’s commitment to her family, her dedication to fitness, and her academic achievements make her a great addition to the team. Ashmeena GrewalUnderwriter Meena joined the Underwriting team at Calvert Home Mortgage in October 2023. Passionate about real estate, she understands the importance of building meaningful connections with clients, colleagues, and stakeholders. With a strong background in client services, Meena possesses a keen understanding of client-centric practices. Her adept communication skills and empathetic approach are instrumental in guiding clients through the intricacies of mortgage financing, ensuring an effortless experience. Through her work, she is dedicated to helping clients secure their financial futures. Outside of work, Meena enjoys traveling, spending time with her family and friends, and volunteering for numerous non-profit organizations. Gursimran KaurUnderwriting Administrative Assistant Gursimran, who also goes by Sim, joined the Calvert Home Mortgage team in August 2024. She has a strong compliance and office administration background and is dedicated to creating organized and efficient work environments. Sim has a SAIT Business Administration degree that has honed her skills in managing compliance documentation, maintaining organized records, and ensuring smooth administrative processes. Her experiences include handling confidential information, supporting audit preparations, and implementing effective office systems. She prides herself on attention to detail and enhancing team efficiency. Outside of work, Sim enjoys hiking, going on road trips with friends, and exploring new trails. These activities provide a refreshing break and inspire her to bring a sense of adventure. Adam Le MaitreUnderwriter Assistant Adam joined Calvert Home Mortgage in May 2025 as an Underwriter Assistant after relocating to Calgary from Guernsey. With over 5 years of experience in payroll, crew employment, administration, and insurance, Adam brings a strong eye for detail and a commitment to supporting efficient, accurate processes. Passionate about continuous learning and delivering excellent service, Adam is excited to grow within the mortgage industry and build meaningful connections with clients and colleagues alike. Outside of his professional endeavors, he finds inspiration in various hobbies. Whether casting a line while fishing, exploring new places, embracing nature in the great outdoors, maintaining a healthy lifestyle, or immersing himself in the camaraderie of football aka Soccer. June MauraisUnderwriter Assistant June joined the team in May of 2025. She has a background in office management and healthcare and has decided to take those skills into a new field. In her previous experience, June has loved creating procedural manuals, streamlining process efficiency, and managing teams. Outside of work, June is a huge movie and video game nerd and is an avid illustrator. Rebecca PopoffUnderwriter Assistant Rebecca joins Calvert Home Mortgage as an Underwriter Assistant, bringing a strong foundation in finance, a sharp eye for detail, and a people-first approach to everything she does. Prior to joining Calvert, she worked as a Finance Manager in the automotive industry, where she partnered with financial institutions to secure tailored lending and leasing solutions for her clients. Known for her clarity, efficiency, and professionalism, Rebecca thrived in high-volume environments that required precision and top-tier customer service. With a diploma from SAIT and years of experience in finance, document management, and client support, Rebecca is excited to bring her skills to the mortgage world. She’s passionate about helping others navigate big financial decisions with confidence and care, values that align perfectly with Calvert Home Mortgage's commitment to trust, service, and education. Outside the office, you’ll likely find Rebecca exploring Calgary’s trails with her dog, Zola, or discovering new coffee shops and farmers markets around the city. Cam SpeirsUnderwriter Assistant Cam joined Calvert Home Mortgage in July 2025, bringing a diverse background in administration, payroll, and sales account management. He’s known for his strong attention to detail, comfort with numbers, and dedication to delivering exceptional customer service. Outside work, Cam enjoys playing golf, hockey, and racquet sports, or cheering from the sidelines. He also holds a certificate in Audio Engineering and has a couple of movies under his belt for sound recording. When he's not working or playing sports, Cam enjoys quality time with his wife and daughter, which he considers his top priority. Natalie KowalenkoUnderwriter Assistant Natalie joined the team in August 2025 and brings over 15 years of administrative and financial services experience, including six years as an Investor Relations professional managing high-value portfolios and guiding clients through complex transactions. Her background has equipped her with a deep understanding of client needs, financial processes, and the importance of accuracy, compliance, and relationship-building - skills she now channels into her role with Calvert Home Mortgage. Outside the office, Natalie is an avid equestrian who rides her horse, Cleo, in the Hunter/Jumper ring and takes her camping and trail riding through Kananaskis. You can also find her carving fresh powder on the ski slopes, sailing open waters, or enjoying Calgary’s vibrant food scene with a great glass of wine. Jetlan HoucherAccount Manager, Arrears Jetlan joined the team in April 2022. He brings with him experience in Business Consulting and Commercial Lending which has proven to be an asset in his role. Jetlan grew up with a passion for sports and played elite hockey at the NCAA level, granting him a deep understanding of work ethic, teamwork, and determination. He is committed to providing an effortless customer experience and is eager to expand his professional career within the real estate industry. Outside of the office you can expect to find Jetlan either on the golf course or at the rink. Regina PhilippillaiReal Estate Analyst Manager Regina Philippillai joined the organization in January 2026 as the Real Estate Analyst Manager. She brings over 15 years of experience in real estate valuation, risk management, and lender-focused analytics across Canada. She has led national valuation and appraisal operations, overseen quality control frameworks, performance metrics, and compliance with regulatory and lender requirements. Regina is known for building strong relationships with financial institutions, driving process improvements, and delivering data-driven insights that support sound risk and credit decision-making. She holds a Bachelor of Arts (Honours) in Political Science and is currently completing her CRA designation. Outside of work, she enjoys spending time with her husband and three boys, watching them play baseball, and travelling as a family. Robin MackaySenior Real Estate Analyst Robin joined the team in 2019 as our in-house valuator. She provides real estate analysis and valuations for our underwriting team. Robin is currently enrolled with Sauder School of Business (University of British Columbia) and is a Candidate Member of the Appraisal Institute of Canada. She has previous experience as a fee-consultant, working for a national appraisal company. Before pivoting into real estate, Robin spent 5 years as a business consultant for franchise owners. Jillana KnauftSenior Real Estate Analyst Jill joined CHMIC in 2022, after completing a combined 5-year career as a Residential Appraiser in Southern and Central Alberta. Jill is a member of the Canadian National Association of Real Estate Appraisers and has been designated since 2015. Jill also comes from a diverse employment and educational background as she has work experience in general management and human resources abroad and holds a master's in business administration (MBA) with a focus on international business. Jill played competitive basketball and continues to be actively involved in the sport and her community as she volunteers with the minor basketball association board throughout the year. Chris GrierSenior Real Estate Analyst Chris joined the Calvert Home Mortgage team as a Real Estate Analyst in 2022 and brings over eight years of residential and commercial fee appraising experience in the Calgary area. He is a member of the Canadian National Association of Real Estate Appraisers and is a designated residential appraiser and certified appraisal reviewer working to obtain his commercial appraiser designation. Prior to joining the real estate industry in 2014 Chris worked as a technologist, business analyst, and project manager in the oil & gas industry after earning his Bachelor of Science Degree in 2003. In his free time Chris enjoys spending time with his wife and two children, as well as running, squash, and ball hockey. Ryan SmithReal Estate Analyst Ryan joined Calvert Home Mortgage in 2021 an as in-house valuator after a career as a Residential Appraiser in Ottawa. He provides valuation and risk analysis to the underwriting team. He is an Appraisal Institute of Canada Member and currently enrolled in the Saunders School of Business (University of British Columbia). Ryan lives in Gatineau, Quebec but considers himself a Calgarian after living there for a decade and has a Bachelor of Economics from the University of Calgary. Prior to shifting to a career in real estate he worked in the financial sector and as security manager at the Ottawa Airport. In his free time Ryan enjoys outdoor activities, reading, cooking and 3d printing. Brianne FalkReal Estate Analyst Brianne joined Calvert Home Mortgage in March 2025, and is a dedicated real estate appraiser with over a decade of experience in residential property valuation. She earned her Bachelor of Commerce from Athabasca University and obtained a certificate and diploma in Appraisal & Assessment from Lakeland College and UBC.​ Since beginning her career in 2013, Brianne has specialized in appraising both urban and rural properties across Alberta, including acreages and lakefront homes. In 2015, she achieved the DAR designation as a member of CNAREA, underscoring her commitment to professional excellence.​ Originally from Saskatchewan’s prairie and lake regions, Brianne grew up with a deep understanding of construction and renovation. With family members working in various trades, she was exposed to the full building process. She has firsthand experience with addition-type renovations and was involved in building her family’s lake cabins from the ground up alongside her uncle’s family, gaining insight into the entire process. Outside of the office, Brianne loves to spend time with her husband, two young children, and their three dogs. She also enjoys reading, gardening, playing basketball, biking, and undertaking home improvement projects. Prashant SuchakReal Estate Analyst Prashant joined Calvert Home Mortgage in December 2025 as an in-house valuator, bringing with him experience as a residential appraiser in Muskoka, Ontario. Prashant is a member of the Appraisal Institute of Canada and is currently enrolled in the Sauder School of Business at the University of British Columbia. Prior to transitioning into valuation, Prashant spent 17 years as a mortgage broker and also worked briefly as a property assessor. Outside of work, he enjoys perfecting his BBQ skills and spending time kayaking. Business Development and Marketing TeamRyan DayHead of Business Development, Dealing Representative Ryan joins Calvert Home Mortgage with an impressive sales history with leading beverage brands. Working for industry leaders, Ryan built a foundation of providing superior customer service. His innate qualities include the desire and ability to effectively listen, communicate, and understand each individual while providing genuine value to every interaction. Drive, passion, and continuous improvement are the cornerstones of his professional life. Ryan's enthusiasm for real estate guides him to learn all there is to know about the industry. Ryan enjoys snowboarding, scuba diving, and hot yoga. He once completed a silent meditation retreat in Thailand and didn't talk for five days! On weekends, you can find Ryan learning new skills through reading, audiobooks, and attending seminars. As an exceptionally social individual, he enjoys discussing real estate, innovative technology and loves a good travel story. Alisha BobczynskiMarketing Manager Alisha is a strategic marketing leader with a deep passion for real estate investing. Since joining Calvert Home Mortgage in 2021, she has played a key role in shaping the company's brand, community engagement, and presence as Marketing Manager. Alisha thrives on building meaningful relationships with real estate investors and driving initiatives that support their success. She holds a Bachelor of Arts in Communication Studies from the University of Calgary and a Digital Communications Certificate from Mount Royal University. With a background rooted in strategic communications and leadership, Alisha is known for her ability to connect the dots between business goals and long-term brand growth. She brings a thoughtful, people-first approach to marketing, balancing data, creativity and vision to lead high-impact campaigns and build trust within the real estate community. Outside of work, Alisha enjoys staying active at the gym, playing tennis and golf, and spending quality time with her husband and their American bully/staffy, Ocean. Carolyn SchneiderMarketing Associate Carolyn joined Calvert Home Mortgage in December 2022 with over five years of marketing experience. Before moving into marketing, she earned her Red Seal as a chef and spent years honing her skills in high-pressure, fast-paced kitchens. That foundation in discipline, creativity, and attention to detail now shapes her approach to marketing, where she’s focused on clear communication, thoughtful strategy, and delivering meaningful results. Outside of work, Carolyn still enjoys cooking, and she and her husband are building a farm from the ground up—currently home to cows, ducks, two dogs, three outdoor cats, a massive garden, and an ever-growing list of projects. Farming has deepened her appreciation for continuous learning and adaptability, qualities that also guide her professionally every day. Life is full and busy, but she values the simple things most: good food, quiet routines, and quality time with the people who matter most. Kaelan NelsonBusiness Development Manager - Alberta Kaelan joined the team in 2024, bringing experience in customer service and sales from multiple industries, including retail, tech software, and residential construction. He has a Bachelor’s Degree in Finance from George Brown College. Joining the Calvert Home Mortgage team has allowed Kaelan to combine his love for sales, financial investing, and real estate investment. He is committed to the success of our clients by providing effortless experiences and industry education. Originally from Toronto, Kaelan is eager to learn everything he can about Calgary, our communities, and the real estate market. He loves to spend his free time playing sports, being active outdoors, and restoring (and racing!) classic cars. Dejan BlagojevicMarketing Assistant  Dejan joined the Calvert Home Mortgage team in August 2024, bringing his experience as a B2B and digital marketer. He has a background in trades, specifically property renovations, which made him eager to join the team. Dejan has a Bachelor of Business Administration Degree with a major in Marketing from Mount Royal University. He is excited to continue to build his skills within the real estate industry. In his free time, Dejan enjoys going to the gym, playing various sports, and actively participating in the car community. Dan WernerBusiness Development Associate  Dan joined the team in 2024, bringing experience in alternative mortgage lending and exempt market dealings. With a passion for real estate and investing, Dan is committed to continuous learning and professional growth. He has a proven track record in business development, mortgage renewals, and delivering top-tier client service. Dan holds a Bachelor’s Degree in Marine and Freshwater Biology from the University of Guelph, where he developed strong project management and data analysis skills. His analytical approach and attention to detail translate into effective solutions in real estate investing. Outside of work, Dan enjoys exploring the outdoors with his fiancé and Bernese Mountain Dog. He loves a good weekend trip with his loved ones backpacking, snowboarding, fishing, and scuba diving. Katarina JarossyBusiness Development Associate  Katarina joined the team in February 2025, bringing experience in real estate dispositions and systems development. With a strong passion for real estate investing, Katarina has focused on streamlining sales processes and building relationships within the Ontario real estate community. She previously worked with one of the company’s trusted partners, gaining valuable insights that contribute to her role. Katarina holds an undergraduate degree in Environmental Politics and Law, where she developed strong analytical and problem-solving skills. These skills help her navigate complex situations and contribute to effective solutions in real estate investment. Based in Toronto, Katarina loves adventuring, whether it’s hiking, traveling, or simply taking long walks with her miniature dachshund, Lily. She also enjoys cooking and practicing Pilates in her free time. Ainjeal MarianoBusiness Development & Marketing Administrative Assistant Ainjeal joined the Calvert Home Mortgage Team in July 2025, bringing a diverse background in business administration, client relationship management, and marketing support. Originally from the Philippines, she holds a Bachelor of Science in Business Administration, majoring in Management. She began her career in the banking industry, spending three years as a Marketing Assistant in the Institutional Banking segment, where she managed client relationships and coordinated financial transactions. After moving to Calgary in August 2023, she expanded her experience by working as an Optometrist Assistant, gaining hands-on skills in customer care and administrative support. She recently completed a diploma in Business Administration, majoring in Integrated Marketing Communications, at Bow Valley College. Outside of work, she enjoys traveling, Pilates, and volunteering at the Regal Cat Café, where she helps cats find loving new homes. Noor JamilMarketing Associate Noor joined the Calvert Home Mortgage Team in December 2025, bringing over four years of experience spanning multiple industries, including technology, construction, and healthcare. She holds a Bachelor of Business Administration with a major in Marketing from SAIT and has built a diverse skill set rooted in strategic communications, digital marketing, and brand development. Her career has taken her from Vancouver’s tech and construction sectors to her recent role in healthcare as a Marketing Communications Specialist, where she crafted impactful messaging and supported organizational growth. In addition to her corporate experience, Noor is a freelance interior designer and event planner, combining creativity with thoughtful design to bring spaces and experiences to life. Outside of work, she loves travelling the world and discovering new destinations alongside her husband. Administrative TeamTara CooneyMortgage Administration Manager  Tara joined the team in August 2022 as the Manager of Mortgage Administration. Tara has more than 10 years in a supervisory role along with more than 20 years in the mortgage and real estate industries. Tara has worked with new home builders, as a mortgage specialist at ATB and TD Canada Trust, with a not-for-profit home ownership program and most recently in insolvency and bankruptcy with a Licensed Insolvency Trustee. Outside of work, Tara spends much of her time with her family and out walking with her dog. She is a wine enthusiast with her level 2 WSET award in wines and is an avid NFL fan. Kari GillespieInvestor Relations Manager & Chief Compliance Officer Kari joined the Calvert team in September 2022 as the Investor Relations Manager and Chief Compliance Officer. Her career in financial services spans 34 years spent in a major financial institution and a private lending firm.  Kari’s experience ranges from mortgage administration, financial planning, investor relations, operations, and compliance.  Her mission has always been to assist all clients, borrowers, and investors in reaching their financial goals.  When she is not at work, she enjoys spending time with her family and traveling. Joy SaleMortgage Servicing Administrator Joy has provided exceptional work since joining the Calvert Home Mortgage team in 2017. Her focus is ensuring our clients, brokers, and lawyers have an effortless experience. Joy's role and responsibilities fit well with her commitment and enjoyment of helping others. "I love this company. When our clients and business succeed, we all grow together." Julia SmithersHR Manager Julia joined the Calvert Home Mortgage team in 2020, bringing with her 10+ years’ experience providing administrative support to all management levels in numerous industries, including oil and gas, property management, and automotive. In 2023, Julia earned her Human Resources Certification through MRU and assumed the role of HR Manager within the company. In this capacity, she collaborates closely with the Executive Team to nurture the organization's people and cultivate its culture. Julia is dedicated to infusing every HR interaction with a compassionate touch, striving to foster a supportive and inclusive work environment. Outside of work, Julia enjoys traveling with her fiancé and their border collie, exploring new destinations and creating cherished memories. Amy BaileyMortgage Servicing Administrator Amy joined Calvert Home Mortgage in 2016, bringing more than 20 years of mortgage experience in customer service and administration. Amy contributes excellent value to Calvert Home Mortgage and our admin team with her depth of knowledge. Her commitment is to assist customers while contributing to a successful team and fostering an adaptive environment. Amy provides our clients with timely, value-based service. She is meticulous with details and continually seeks ways to streamline an effortless client experience. Laura LaddMortgage Servicing Specialist Laura joined Calvert Home Mortgage in 2019 with 12 years of administrative experience in the automotive industry. She enjoys interacting with team members, lawyers, and clients in her role as Mortgage Funding Specialist. Her goal in all her interactions is to provide an effortless experience. In her time outside of the office, Laura enjoys camping with her family, including Milo, her 3 year old bordoodle. Kristine VittoMortgage Funding Specialist Kristine joined Calvert Home Mortgage in 2013, after 11 years of mortgage underwriting and administrative work. She brings a strong work ethic and is committed to the business's growth and development. Kristine has been an integral part of the administration team, ensuring a smooth process for internal and external clients. Her commitment is to go the extra mile and ensure every client receives an effortless and memorable experience. Denise JanzenMortgage Funding Specialist Denise joined the Calvert Home Mortgage funding team in September 2023.  She brings over 35 years of mortgage experience, including Mortgage Underwriting, Recoveries, Funding Operations and Project Management.  Denise thrives on providing clients, brokers, and lawyers with the best customer service.  In her spare time, she enjoys spending time with her grandchildren and cooking and entertaining for her family and friends. Lori ManaryMortgage Funding Specialist  Lori joined the team in August 2024, bringing 17 years of experience in customer service and administration within the financial industry. She has a strong background in real estate, beginning her journey with buying and selling homes, as well as working as a general contractor. Lori has completed numerous renovation projects and has a passion for interior design, enjoying every aspect of transforming a space. Her hands-on experience with various mortgage types has given her a unique understanding of clients’ needs when they seek financing. Having worked in both large banks and a small credit union, primarily in back-office roles, Lori excels at building relationships within the community and with key partners such as brokers and lawyers. She remains dedicated to creating strong connections and delivering exceptional service. In her free time, Lori enjoys going to the gym, spending time with family and friends, and traveling to see more of the world. Marsha WilliamsContinuous Improvement Coordinator  Marsha joined our team in January 2025 as a Continuous Improvement Coordinator.  With over 5 years of experience in the IT industry and a PMP designation, Marsha brings strong expertise in project administration, project management, and process improvement. She has a proven track record of driving operational efficiency and leading cross-departmental initiatives.  Marsha also excels at fostering collaboration, streamlining workflows, and delivering impactful solutions to ensure client satisfaction. Outside of work, Marsha enjoys spending time with family, cooking scrumptious meals, and exploring new travel destinations. Kenia TorresExecutive Assistant Kenia joined the Calvert Home Mortgage team in January 2025 as Executive Assistant. With nearly 20 years of experience supporting executives in the energy sector, she is passionate about enabling high-performing teams to succeed. Skilled in managing complex schedules, coordinating travel, and facilitating clear communication, Kenia ensures seamless operations while prioritizing the well-being of those she supports. She has collaborated closely with cross-functional teams across Legal, Communications, HR, and Finance to drive efficiency and alignment. Beyond her professional expertise, Kenia is a lifelong learner with a keen interest in Calgary’s thriving real estate market. She is deeply committed to family, relationships, and community service. Outside of work, she enjoys the outdoors—often hiking with her playful Cockapoo, Honey—or exploring new travel destinations. With her people-first approach, Kenia fosters a positive, collaborative environment that supports a healthy work-life balance. Jessica NielsenFront Office Coordinator Jessica joined the Calvert Home Mortgage team in February 2025 as the Front Office Coordinator. Originally from New Zealand, Jessica has called Canada home for the past 7 years. With over 5 years of experience in administrative support and more than 10 years in customer service, she brings a diverse skill set to our team. Jessica’s expertise in managing operations, streamlining processes, and ensuring smooth day-to-day activities significantly enhances our ability to deliver exceptional service to clients. With a strong focus on efficiency and customer satisfaction, she is committed to contributing to the success and growth of the company. Outside of work, Jessica enjoys baking, exploring Calgary, and spending time with her partner, Evan, and their three cats. Melanie LittleSr. Executive Assistant Melanie, a passionate Executive Administrator, joined the Calvert Home Mortgage team in 2025. As an incurably curious, career-of-choice assistant, Melanie aims to bring a holistic, strategic perspective to her coordination and advisory work with leaders at all levels of an organization. Deeply committed to supporting others, she finds fulfillment in helping people find clarity and focus, enabling them to do their best work whether in the office or in the community. In her personal life, Melanie enjoys a wide range of activities including kayaking, hiking, studying history, gaming, and playing with a multitude of artistic outlets such as painting, fibre arts, and performance. Melanie also loves to spend time with her dogs, cats, son, and husband. Lenora LindsayInvestor Relations and Compliance Administrative Assistant  Lenora joined the Calvert Home Mortgage team in September 2025 and has over 15 years of experience in administration and client service. She completed the Legal Assistant program at Bow Valley College in 2023, adding to her strong foundation in compliance and organizational support. Before joining our team, Lenora worked as an Integrity Administrator in the oil and gas industry, where she helped companies stay on track with inspection schedules and supported internal audit processes to ensure regulatory compliance. Outside of the office, Lenora is an avid camper and can usually be found at her trailer on weekends, even in the colder months. She enjoys spending time with her husband, two cats, and dog, and has a passion for travel, improv theatre, board games, and playing Dungeons & Dragons. A dedicated reader and self-proclaimed coffee and cat enthusiast, she’s always up for a good book and a strong brew. Accounting TeamSamantha HuntIntermediate Accountant  Samantha joined the CHMIC team in April 2022 as a Junior Accountant. She brings with her a 5 year background in accounting, having worked with a diverse group of companies in the manufacturing industry. Prior to that she had an 11 year career in IT in the oil & gas industry. Samantha is currently working towards her accounting degree at SAIT and in her spare time she enjoys reading a good book and spending time with her family. Geraldine O'SheaAssistant Controller Geri has over 10 years of experience in accounting and finance with a diverse group of companies in the real estate industry. Joining the Calvert Home Mortgage team in October 2023, she brings with her an extensive background in monthly and yearly financial reporting, budgeting, and process improvement. She has a BA in Business Information Systems and is currently working on completing her accounting certification with Acca (the CPA equivalent in the United Kingdom). Originally from Ireland, Geri has lived in Canada for over 9 years. Outside of work, she has a passion for enjoying the mountains through hiking and back-country camping. She also loves exploring all that Calgary has to offer with her partner and two dogs. Dominic CastanedaDirector of Finance Dominic joined our accounting group in July 2022 as our Treasury Manager. Dom has over 14 years of progressive treasury and banking experience including positions in which he managed several syndicated credit facilities and related financial risk management initiatives of the company. Dom also has some unique government experience, having worked at the Central Bank of the Philippines auditing regulated banks and other financial institutions. He has a Certified Treasury Professional (CTP) designation and a bachelor's degree in accounting. In his position as Treasury Manager, he oversees the cash management, financial and capital planning, compliance, and covenant requirements under our credit agreement with the syndicated lenders. Outside of work, Dom enjoys spending time with his friends and family outdoors. He particularly likes camping, fishing, and playing basketball and soccer with his sons. He is also a big NFL fan. Cynthia NwosuBusiness Analyst Cynthia has over 3 years of experience in Business and Data Analysis, analyzing business needs and data, translating business needs into technical and non-technical requirements, and drawing insights from analyzed data for decision-making. She has worked progressively with regulatory agencies, including Egg Farmers of Canada, where she was responsible for monitoring and reporting market information on egg supply and demand in the US and Canada. Cynthia has a bachelor’s and master’s degree in economics. She is currently working towards obtaining her Certified Business Analysis Professional (CBAP) Certificate. She loves playing board games with family in her free time. Colin CuiFinancial Data Analyst Colin joined our team in December 2024. He is a data engineer and analytics specialist who focuses on building enterprise data solutions and process improvement. During his time working as a data engineer at Canadian Natural Resources, he built scalable, end to end data pipelines for financial and asset management reporting and analytics. Colin’s expertise includes data warehouse architecture, governance frameworks, and process automation. Later, he served as a data analyst, improving operational safety and efficiency by turning complex data into clear, actionable insights. Outside of work, Colin enjoys rock climbing, cooking, and building mechanical keyboards. Joanna ShethController Joanna joined the CHMIC team in January 2025, bringing over a decade of experience in financial and operational accounting roles within the Oil and Gas industry. She has a proven track record in financial reporting, tax compliance, and implementing process improvements. As a CPA, Joanna is driven by a passion for continuous learning, problem-solving, mentoring, and fostering collaboration and strong relationships. Outside of work, she enjoys spending quality time with her family, including her two young boys, as well as traveling and camping. Heather BowenAP/AR Administrator  Heather joined the team in December 2025, originally from Nova Scotia, she’s been working in the banking, finance, and sales administration industries since 1998. With decades of experience supporting clients and teams, Heather’s built a career rooted in strong service, attention to detail, and a genuine passion for helping others succeed. Outside of work, she loves spending quality time with her family, whether that’s going for walks, shopping, or enjoying movie nights with her daughter. Heather’s also a big fan of reality TV and never misses a chance to cheer on her favorite hockey teams, the Habs and Flames. Memberships & AssociationsActive Community Participants Since 1975Being part of our community is important to us and inspires us to contribute in several ways. Community is the fabric of who we are and what we can be. Community partnerships set the foundation by which we live our lives. We need to be leaders and ensure our community's success, to benefit ourselves, our families, and future generations. Alberta Mortgage Brokers AssociationThe Alberta Mortgage Brokers Association is an independent, non-profit organization dedicated to high ethical business principles and keeping the industry at a high level of integrity and professionalism. Calvert Home Mortgage has been a member of the AMBA since 1975. Everett Koeller, Dale Koeller, and Dean Koeller have all sat on the board of directors and continue to assist AMBA in its long-term success. Calgary Chamber of CommerceCalvert Home Mortgage has been a member of the Calgary Chamber of Commerce since 1998. For more than 120 years, the Calgary Chamber has been the city’s main connector of people, ideas, and stories. Calgary Real Estate Board (CREB®)CREB® is one of Canada's largest real estate boards with a mission to provide realtors with the tools and support needed for success. This governing body operates on the founding principles of integrity, transparency, commitment, and collaboration. Family Enterprise CanadaFamily Enterprise Canada supports family-owned enterprises in Canada. Family Enterprise Canada believes that business families are part of a dynamic peer community and should access relevant and valuable family-centric knowledge, advice, resources, and learning opportunities. These experiences will help family-owned enterprises achieve stronger family and business outcomes, allowing them to succeed for generations. Mortgage Professionals Canada (MPC)Mortgage Professionals Canada is the national association representing Canada's mortgage industry. MPC represents thousands of individuals and companies, including mortgage brokerages, lenders, insurers, and industry service providers. MPC and its members have a dedication to maintaining a high standard of industry ethics, consumer protection, and best practices. The Executive Committee (TEC CANADA)TEC helps executives and business leaders make smart decisions. Its vision is to accelerate Canadian business leaders' growth and development by offering a peer advisory board supported by one-to-one coaching, expert speakers, fast-paced learning, and global networking opportunities. Canadian Alternative Mortgage Lenders Association Calvert Home Mortgage is a founding member for the The Canadian Alternative Mortgage Lenders Association (CAMLA). CAMLA provides a national platform for alternative mortgage lenders to share best practices and strengthen the sector. The association champions policy, advocacy, standards, compliance, and ethics, while educating the public on alternative lending and representing members’ interests with regulators and industry partners. Platform Calgary Calvert Home Mortgage is a Family Office Partner for Platform Calgary. Platform Calgary helps entrepreneurs find helpful resources, offerings, community support and partners. Awards & NominationsWaterstone Human Capital "Canada's Most Admired Corporate Culture" Award - 2022-2025 (Recertified)Calvert Home Mortgage Investment Corporation is thrilled to announce our recertification for Canada’s Most Admired Corporate Cultures Award program. As a 2025 winner, this marks our fourth consecutive year of receiving this recognition. We remain committed to fostering a strong, supportive, and thriving corporate culture that empowers our team and drives our continued success. This national program recognizes best-in-class Canadian organizations and CEOs for fostering high performance corporate cultures that help sustain a competitive advantage. The Career Directory: 2025 EditionThe Career Directory is set out to highlight Canada’s best employers for recent graduates, and we are pleased to share that we are a part of the 2025 edition. Our organization's listing highlights key benefits and HR programs designed for students and recent graduates. Overall Bronze winner for Canadian Mortgage Professionals (CMP) Brokers on Lenders in 2024“The 18th annual CMP Brokers on Lenders report recognizes the best mortgage lenders in 2024 who have collaborated closely with their broker partners to achive optimal client outcomes and grow their businesses. As brokers and lenders adapted to the evolving economic challenges of the past year, the leading lenders outperformed their competitors in multiple areas, according to survey respondents: responsiveness and proactive communication fast approvals and closing use of technology and digital tools flexibility and a common-sense approach to underwriting exceptional broker support and service product innovations" Source: CMP Canadian Mortgage Professionals (CMP) 5-Star Mortgage Products for our Alternative Lending & Investor Mortgage products in 2023, 2024, and 2025.“From customer service and interest rates to processing and approval speed, fees, and online banking, the top 11 leading lenders have differentiated themselves in an increasingly competitive market by: Emphasizing high-level service Offering competitive rates and terms Making common-sense lending decisions Prioritizing quick turnaround times Innovating on product features This year’s best mortgage lenders stand out for their comprehensive service and support across various products, including fixed-rate, commercial investor, first-time buyers, and reverse mortgages, as well as the rapidly growing alternative lending niche.” Source: CMP Canadian Mortgage Professionals (CMP) 5-Star Mortgage Employer for 2021, 2022, 2023, and 2024The recipients of this award “distinguish themselves by excelling in areas paramount to employees’ success, such as: Providing essential tools and resources Fostering a thriving culture Cultivating a positive reputation Offering competitive compensation and benefits Providing opportunities for advancement Demonstrating strong and effective leadership” Source: CMP Waterstone Human Capital "Canada's Most Admired Corporate Culture" Award - 2022-2023 (Recertified)Calvert Home Mortgage Investment Corporation has been recertified for the Canada’s Most Admired Corporate Cultures Award program. As a 2022 winner, we are proud to be recognized for this award for the second year in a row, having demonstrated our commitment to preserving and strengthening our corporate culture this past year. This national program recognizes best-in-class Canadian organizations and CEOs for fostering high performance corporate cultures that help sustain a competitive advantage. Mortgage Awards of Excellence 2023 - Private Lender of the Year Finalist"The Private Lender of the Year Award recognizes a company (i.e. MIC or Mortgage Investment Entity that is not an individual private investor) that offers outstanding products and support to the broker industry. The company must be proactive and innovative in educating the industry and helping to raise the level of professionalism among stakeholders. They must demonstrate a dedication to improving the communities they serve." Canadian Mortgage Professionals (CMP) 5-Star Mortgage Employer for 2021, 2022, and 2023"The Top Mortgage Employers 2023 are prioritizing their employees' overall well-being with strategies such as: Competitive compensation packages Professional development Benefits that boost physical, mental, social, and financial health" Waterstone Human Capital 2022 winner of "Canada's Most Admired Corporate Culture" awardThis national program recognizes best-in-class Canadian organizations and CEOs for fostering high performance corporate cultures that help sustain a competitive advantage.Organizations and CEOs are recognized as national winners in categories including Enterprise, Mid-Market, Growth, Emerging, and the Broader Public Sector. "At Waterstone we know corporate culture drives performance and that it's an organization's greatest asset," says Marty Parker, President and CEO of Waterstone Human Capital and Chair of the Canada's Most Admired™ program. "The 2022 award recipients demonstrate that putting culture at the center of strategy drives growth and accelerates performance. This year's winners are committed to diversity, equity, and inclusion, and their focus on employee engagement and culture measurement is driving extraordinary results." Canadian Lenders Association (CLA) 2022 Award Finalist for “Mortgage Lender of the Year”“The Canadian Lenders Association (CLA) supports the growth of bank and non-bank companies that are in the business of lending. They represent and advocate for over 250 companies across Canada that participate in the SMB, BNPL, unsecured consumer, home improvement, automotive, and mortgage sectors. Their members effectively and responsibly use innovative underwriting technology and business practices to address the financial needs of Canadians and support their ability to improve their credit rating.” Best in Calgary – Best Mortgage Firms in Calgary“Best in Calgary” presents a list of the top Mortgages in Calgary taking into account rates, services and best offers. Family Enterprise Canada - Family Enterprise of the Year Award finalist 2016Established in 1986, the Family Enterprise of the Year Award (FEYA) is given annually by Family Enterprise Canada to celebrate and promote the achievements of Canadian family businesses and the considerable contribution they make to both their local communities and our national economy. Click here to watch our submission interview and learn more about Calvert Home Mortgage. We are a common sense lender and appreciate a challenge.Our CultureOur Difference #### Why Work With Us Our DifferenceCalvert CaresWe believe everyone deserves a place to call home. For some that means renting, for others home ownership. We know that for many, these options are out of reach: not everyone can qualify for a traditional mortgage and there is a housing shortage in Canada. Calvert is the Canadian leader in short-term lending, providing fast, flexible, alternative mortgages to help people buy homes and to help real estate investors bring new life to houses in need of repair. Inhabited and rehabilitated homes revitalize communities. How we're redefining ourselves and the industry:A simple, low-stress experience with clear optionsApply NowWorking for YouOur team is empathetic and understanding of the challenges our clients face. We prioritize our clients' needs and facilitate the right financial decisions. We focus on short-term lending and getting clients back to a lower rate long-term solution when possible. Delivering an Effortless ExperienceOur response time and follow-through are part of our outstanding services that allow us to offer fast, flexible, and value-based lending options. Making Business PersonalFocused on your success, we take the time to understand the unique situations that Mortgage Brokers, Real Estate Investors, and homeowners face.  Moving Faster than Other LendersWe offer a simple and fast approval process with funding in as little as 1-2 business days in Alberta and 1-3 business days in Ontario upon receiving all required documents.  Focusing on Education & TransparencyWe are constantly educating ourselves so we can remain trusted experts in what we do. Our team is here to provide valuable resources, insights, and education to assist you with making sound financial decisions.  Mortgage BrokersTime-sensitive deals require a quick response, and we act immediately. Learn More → Real Estate Investors Down payment options as low as $10,000 in Alberta and Ontario. Learn More → Homeowners Flexible solutions and reasonable terms – even if you are working to improve your credit score. Learn more → Our mission is to be Canada’s most trusted mortgage lender so that our customers, investors, and partners succeed and grow in thriving communities.Reach an Underwriter NowContact Us ### Media #### #1 image URL: https://chmic.ca/1-image/ #### $1.78M Alberta Multiple Duplex Interim Purchase Case Study URL: https://chmic.ca/1-78m-interim-purchase-case-study/ #### 001-Jillana_Headshot-Amy_Cheng_Photography-May12_2022 URL: https://chmic.ca/001-jillana_headshot-amy_cheng_photography-may12_2022/ #### 04.25.22 Financing Flips IG URL: https://chmic.ca/learn/04-25-22-financing-flips-ig/ #### 1 URL: https://chmic.ca/calvert-home-mortgage/attachment/1/ #### 146. f) OntarioEconomicReport2025AprilV2 URL: https://chmic.ca/146-f-ontarioeconomicreport2025aprilv2/ #### 2023 CMP 5-Star Mortgage Employer Award (1) Calvert Home Mortgage Investment Corporation - 5-Star Mortgage Employer 2023 #### 2025 career directory URL: https://chmic.ca/2025-career-directory/ #### 3 Reasons an Anti-Flipping Tax is Counterproductive by Calvert Home Mortgage Investment Corporation Here are 3 Reasons an Anti-Flipping Tax is Counterproductive #### 4 Considerations for Homeowners as Interest Rates are on the Rise Calvert Home Mortgage Investment Corporation shares a blog post to outline 4 considerations for homeowners as interest rates are on the rise. #### 6 Common Mistakes New Real Estate Investors Make--And How to Avoid Them URL: https://chmic.ca/mistakes-new-real-estate-investors-make/6-common-mistakes-new-real-estate-investors-make-and-how-to-avoid-them/ #### 7 Things to Know About Raising Rent as a Landlord in Ontario URL: https://chmic.ca/7-things-to-know-about-raising-rent-as-a-landlord-in-ontario/7-things-to-know-about-raising-rent-as-a-landlord-in-ontario-2/ #### AB & ON Interim Purchase Extended Promo Rate Sheet URL: https://chmic.ca/ab-on-interim-purchase-extended-promo-rate-sheet/ #### AB & ON Interim Purchase Promo Rate Sheet URL: https://chmic.ca/ab-on-interim-purchase-promo-rate-sheet/ #### AB & ON Rate Sheet URL: https://chmic.ca/ab-on-rate-sheet/ #### AB & ON Rate Sheet (updated November 2025) URL: https://chmic.ca/ab-on-rate-sheet-updated-november-2025/ #### Ainjeal Mariano URL: https://chmic.ca/ainjeal-mariano/ #### Albera and Ontario Wholesalers URL: https://chmic.ca/albera-and-ontario-wholesalers/ #### Alberta & Ontario Wholesalers (updated April 2025) URL: https://chmic.ca/alberta-ontario-wholesalers-updated-april-2025/ #### Alberta & Ontario Wholesalers (updated September 2024) URL: https://chmic.ca/alberta-ontario-wholesalers-updated-september-2024/ #### Alberta and Ontario Wholesalers URL: https://chmic.ca/alberta-and-ontario-wholesalers/ #### Alberta Economic Report April 2025 URL: https://chmic.ca/alberta-economic-report-april-2025/ #### Alberta Economic Report August2025 URL: https://chmic.ca/alberta-economic-report-august2025/ #### Alberta Economic Report Dec2024 URL: https://chmic.ca/alberta-economic-report-dec2024/ #### Alberta Economic Report December2025 URL: https://chmic.ca/alberta-economic-report-december2025/ #### Alberta Economic Report Feb2025 URL: https://chmic.ca/alberta-economic-report-feb2025/ #### Alberta Economic Report Jan2025 URL: https://chmic.ca/alberta-economic-report-jan2025/ #### Alberta Economic Report July2025 URL: https://chmic.ca/alberta-economic-report-july2025/ #### Alberta Economic Report June2025 URL: https://chmic.ca/alberta-economic-report-june2025/ #### Alberta Economic Report Mar2025 URL: https://chmic.ca/alberta-economic-report-mar2025/ #### Alberta Economic Report May2025 URL: https://chmic.ca/alberta-economic-report-may2025/ #### Alberta Economic Report November2025 URL: https://chmic.ca/alberta-economic-report-november2025/ #### Alberta Economic Report October2025 URL: https://chmic.ca/alberta-economic-report-october2025/ #### Alberta Economic Report September2025 URL: https://chmic.ca/alberta-economic-report-september2025/ #### Alberta Flip Analyzer Tool URL: https://chmic.ca/learn/alberta-flip-analyzer-tool/ #### Alberta Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (April 2024) URL: https://chmic.ca/alberta-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-april-2024/ #### Alberta Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (April 2024) URL: https://chmic.ca/alberta-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-april-2024-2/ #### Alberta Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (January 2025) URL: https://chmic.ca/alberta-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-january-2025/ #### Alberta Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (May 2025) URL: https://chmic.ca/alberta-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-may-2025/ #### Alberta Flip Analyzer Tool Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/alberta-flip-analyzer-tool-calvert-home-mortgage-investment-corporation/ #### Alberta Flip of the month URL: https://chmic.ca/flip-of-the-month-5/ #### Alberta Real Estaet & Same Day Private Mortgages - Calvert Home Mortgage Investment Corporation Rock Star Real Estate Inc - Your Life! Your Terms! Podcast ft. Calvert Home Mortgage #### Alberta Wholesalers (updated April 16, 2024) URL: https://chmic.ca/alberta-wholesalers-updated-april-16-2024/ #### Alberta-Flip-Analyzer-by-Calvert-Home-Mortgage-April 2024 URL: https://chmic.ca/alberta-flip-analyzer-by-calvert-home-mortgage-april-2024/ #### Alisha Fuss, Marketing Manager at Calvert Home Mortgage Investment Corporation Alisha Fuss Headshot, Calvert Home Mortgage Investment Corporation #### Alisha Fuss, Marketing Manager at Calvert Home Mortgage Investment Corporation Alisha Fuss Headshot #### All Rates & Product Details - Alberta Mortgage Brokers (updated August 2025) URL: https://chmic.ca/all-rates-product-details-alberta-mortgage-brokers-updated-august-2025/ #### All Rates & Product Details (Ontario Brokers) – PROMO (updated April 2025) URL: https://chmic.ca/all-rates-product-details-ontario-brokers-promo-updated-april-2025/ #### All Rates & Product Details (Ontario Real Estate Investors) – PROMO (updated April 2025) URL: https://chmic.ca/all-rates-product-details-ontario-real-estate-investors-promo-updated-april-2025/ #### Anezi Odenigbo Anezi Odenigbo, Operations Executive Assistant at Calvert Home Mortgage Investment Corporation #### Apr 2019 - Monthly Economic Report - Real Estate Benchmark - Final URL: https://chmic.ca/apr-2019-monthly-economic-report-real-estate-benchmark-final/ #### April 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - May 2018 URL: https://chmic.ca/april-2018-monthly-economic-report-real-estate-analysis-benchmark-may-2018/ #### April 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/april-2020-monthly-economic-report-real-estate-benchmark/ #### April 2021 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/april-2021-monthly-economic-report-real-estate-benchmark/ #### April 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/april-2022-monthly-economic-report-real-estate-benchmark/ #### April 2023 - Monthly Economic Report AB URL: https://chmic.ca/april-2023-monthly-economic-report-ab/ #### April 2024 - Monthly Economic Report AB URL: https://chmic.ca/april-2024-monthly-economic-report-ab/ #### April 2024 - Monthly Economic Report AB URL: https://chmic.ca/april-2024-monthly-economic-report-ab-2/ #### April 2024 Flip_BRRR Case Study URL: https://chmic.ca/april-2024-flip_brrr-case-study/ #### April Flip of the month - Alberta URL: https://chmic.ca/flip-of-the-month-7/ #### April Ontario Economic Report Final URL: https://chmic.ca/april-ontario-economic-report-final/ #### ARV in Real Estate What After-Repair Value Is an Why It Matters for Real Estate Investors URL: https://chmic.ca/arv-in-real-estate-what-after-repair-value-is-and-why-it-matters-for-real-estate-investors/arv-in-real-estate-what-after-repair-value-is-an-why-it-matters-for-real-estate-investors/ #### Ashmeena Grewal - Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/the-team/ashmeena-grewal/ #### Aug 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/aug-2020-monthly-economic-report-real-estate-benchmark/ #### August 2018 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/august-2018-monthly-economic-report-real-estate-benchmark/ #### August 2019 - Monthly Economic Report - Real Estate Benchmark(2).xlsx - Read-Only URL: https://chmic.ca/august-2019-monthly-economic-report-real-estate-benchmark2-xlsx-read-only/ #### August 2021 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/august-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### August 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/august-2022-monthly-economic-report-real-estate-benchmark/ #### August 2023 - Monthly Economic Report AB - Real Estate Benchmark (version 2) URL: https://chmic.ca/august-2023-monthly-economic-report-ab-real-estate-benchmark-version-2/ #### August 2023 Interim Purchase Case Study URL: https://chmic.ca/august-2023-interim-purchase-case-study/ #### August 2024 - Monthly Economic Report AB URL: https://chmic.ca/august-2024-monthly-economic-report-ab/ #### August 2024 Interim Purchase Case Study URL: https://chmic.ca/august-2024-interim-purchase-case-study/ #### August 2024 Interim Purchase Case Study URL: https://chmic.ca/august-2024-interim-purchase-case-study-2/ #### AugustOntarioEconomicReportV2 URL: https://chmic.ca/augustontarioeconomicreportv2/ #### BBQ 2024 URL: https://chmic.ca/bbq-2024/ #### Ben Drummond URL: https://chmic.ca/ben-drummond/ #### Benefits of Getting Your FSRAO Mortgage Agent Level 2 Licence Calvert Home Mortgage Investment Corporation #### best-in-calgary-badge URL: https://chmic.ca/the-team/best-in-calgary-badge/ #### bg1 URL: https://chmic.ca/real-estate-investors/bg1-5/ #### bg1@1x URL: https://chmic.ca/home-2/bg11x/ #### BP_05-04-22_2-0031 revSZ URL: https://chmic.ca/bp_05-04-22_2-0031-revsz/ #### BP_05-04-22_3-0012 revSZ URL: https://chmic.ca/bp_05-04-22_3-0012-revsz/ #### BP_05-10-22_3-0094 revSZ URL: https://chmic.ca/bp_05-10-22_3-0094-revsz/ #### BP_05-10-22_3-0094 revSZ URL: https://chmic.ca/bp_05-10-22_3-0094-revsz-2/ #### BP_05-17-22_-0022 revSZ URL: https://chmic.ca/bp_05-17-22_-0022-revsz/ #### BP_05-17-22_-0022 revSZ URL: https://chmic.ca/bp_05-17-22_-0022-revsz-2/ #### BP_05-17-22_-0048 revSZ URL: https://chmic.ca/bp_05-17-22_-0048-revsz/ #### BP_05-17-22_-0048 revSZ URL: https://chmic.ca/bp_05-17-22_-0048-revsz-3/ #### BP_05-17-22_-0072 revSZ URL: https://chmic.ca/bp_05-17-22_-0072-revsz/ #### BP_05-17-22_-0072 revSZ URL: https://chmic.ca/bp_05-17-22_-0072-revsz-2/ #### BP_06-13-22_-0005 revSZ URL: https://chmic.ca/bp_06-13-22_-0005-revsz/ #### BP_06-13-22_-0005 revSZ URL: https://chmic.ca/bp_06-13-22_-0005-revsz-3/ #### BP_07-08-22_1-0175 URL: https://chmic.ca/our-culture/bp_07-08-22_1-0175/ #### BP_07-08-22_1-0268 URL: https://chmic.ca/our-culture/bp_07-08-22_1-0268/ #### BP_07-08-22_1-0304 URL: https://chmic.ca/our-culture/bp_07-08-22_1-0304/ #### BP_09-16-22_1-0007 revSZ URL: https://chmic.ca/bp_09-16-22_1-0007-revsz/ #### BP_10-26-23_1-0020 rev URL: https://chmic.ca/the-team/bp_10-26-23_1-0020-rev/ #### BP_10-30-23_1-0005 rev URL: https://chmic.ca/the-team/bp_10-30-23_1-0005-rev/ #### BP_12-02-21_-0079 revSZ URL: https://chmic.ca/bp_12-02-21_-0079-revsz/ #### Bridge Case Study - Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/bridge-case-study-calvert-home-mortgage-investment-corporation/ #### Bridge Case Study (Website PDF) URL: https://chmic.ca/bridge-case-study-website-pdf/ #### Bridge_AB_MortgageBrokers_230829 URL: https://chmic.ca/bridge_ab_mortgagebrokers_230829/ #### Bridge_AB_MortgageBrokers_230829 URL: https://chmic.ca/bridge_ab_mortgagebrokers_230829-2/ #### Bridge_ON_MortgageBrokers_230829 URL: https://chmic.ca/bridge_on_mortgagebrokers_230829/ #### Build Your Health, Wealth, and Legacy Calvert Home Mortgage Investment Corporation featured as guests on the Build Your Health, Wealth, and Legacy Podcast #### CAL_50th_Logo_RGB_241009 URL: https://chmic.ca/cal_50th_logo_rgb_241009/ #### CAL_AMBA Conference Brochure_220531_PROOF URL: https://chmic.ca/cal_amba-conference-brochure_220531_proof/ #### CAL_AMBA Conference Flip BRRR Brochure_220531_PROOF URL: https://chmic.ca/cal_amba-conference-flip-brrr-brochure_220531_proof/ #### Calgary Real Estate Investing Podcast and Rob Maver from Calvert Home Mortgage Quote from Rob Maver, Senior Underwriter at Calvert Home Mortgage from his appearance on the Calgary Real Estate Investing Podcast #### Calvert - Case Study - How a Mortgage Broker grew his business WITHOUT adding any clients URL: https://chmic.ca/calvert-case-study-how-a-mortgage-broker-grew-his-business-without-adding-any-clients/ #### Calvert - Case Study - How a Mortgage Broker helped their client get back on their feet URL: https://chmic.ca/calvert-case-study-how-a-mortgage-broker-helped-their-client-get-back-on-their-feet/ #### Calvert - Case Study - How to help your clients pay their taxes and other debts URL: https://chmic.ca/calvert-case-study-how-to-help-your-clients-pay-their-taxes-and-other-debts/ #### Calvert Home Mortgage | A Fast And Personal Approach To Accessing Capital URL: https://chmic.ca/mortgages/bp_03-09-15_0569rev-2/ #### Calvert Home Mortgage | Almar Tejano URL: https://chmic.ca/the-team/almar-0008revsz/ #### Calvert Home Mortgage | AMBA logo URL: https://chmic.ca/amba-logo-1/ #### Calvert Home Mortgage | Amy Bailey URL: https://chmic.ca/the-team/amy-revsz/ #### Calvert Home Mortgage | An economic roadmap how to read the signs URL: https://chmic.ca/woman-putting-coin-in-the-jar-with-plant-3/ #### Calvert Home Mortgage | Andrada URL: https://chmic.ca/the-team/andrada-revsz/ #### Calvert Home Mortgage | Appraisal vs. Assessment URL: https://chmic.ca/photo-of-young-business-woman-in-the-office-2/ #### Calvert Home Mortgage | Appraisal Vs. Assessment in Ontario URL: https://chmic.ca/appraisal-vs-assessment-in-ontario/couple-in-their-new-home-2/ #### Calvert Home Mortgage | background URL: https://chmic.ca/home-2/bg1-2/ #### Calvert Home Mortgage | background URL: https://chmic.ca/home-2/bg1-3/ #### Calvert Home Mortgage | background URL: https://chmic.ca/home-2/bg1-4/ #### Calvert Home Mortgage | bg1 URL: https://chmic.ca/home-2/bg1/ #### Calvert Home Mortgage | bg2 URL: https://chmic.ca/bg2/ #### Calvert Home Mortgage | blog-post-new-4 URL: https://chmic.ca/?attachment_id=2033 #### Calvert Home Mortgage | blog-post-new-6 URL: https://chmic.ca/?attachment_id=2034 #### Calvert Home Mortgage | Built On A Culture Of Care URL: https://chmic.ca/our-culture/spartan-2-1/ #### Calvert Home Mortgage | Calgary Chamber of Commerce URL: https://chmic.ca/calgary-chamber-of-commerce-1/ #### Calvert Home Mortgage | Calvert Home Mortgage’s team URL: https://chmic.ca/our-culture/spartan-1/ #### Calvert Home Mortgage | Candia Cope URL: https://chmic.ca/the-team/candia-revsz/ #### Calvert Home Mortgage | Christopher A URL: https://chmic.ca/real-estate-investors/christopheraudettephoto__1/ #### Calvert Home Mortgage | CREB URL: https://chmic.ca/creb-1/ #### Calvert Home Mortgage | Dale Koeller URL: https://chmic.ca/the-team/dale-revsz/ #### Calvert Home Mortgage | Dean Koeller URL: https://chmic.ca/the-team/dean-revsz/ #### Calvert Home Mortgage | Debt Consolidation URL: https://chmic.ca/mortgages/man-filling-in-debt-consolidation-loan-application/ #### Calvert Home Mortgage | Digitizing the budgeting process URL: https://chmic.ca/digitizing-the-budgeting-process-2/ #### Calvert Home Mortgage | Do More Deals and Have Happier Clients URL: https://chmic.ca/home-2/photo-of-young-business-woman-in-the-office/ #### Calvert Home Mortgage | EK-Thumb URL: https://chmic.ca/home-2/ek-thumb/ #### Calvert Home Mortgage | Equity Take Out URL: https://chmic.ca/mortgages/getting-her-home-business-up-and-running/ #### Calvert Home Mortgage | Everett Koeller URL: https://chmic.ca/the-team/everett/ #### Calvert Home Mortgage | Family couple consultations with a lawyer or insurance agent. URL: https://chmic.ca/family-couple-consultations-with-a-lawyer-or-insurance-agent-2/ #### Calvert Home Mortgage | FEX URL: https://chmic.ca/fex-1/ #### Calvert Home Mortgage | Flip Financing URL: https://chmic.ca/mortgages/multi-ethnic-couple-planning-their-home-budget/ #### Calvert Home Mortgage | Flip Product Snapshot URL: https://chmic.ca/lp-house-flipping/work-writing-law-signature/ #### Calvert Home Mortgage | Garrett LaBarre URL: https://chmic.ca/the-team/garrett-revsz/ #### Calvert Home Mortgage | Home URL: https://chmic.ca/home-2/young-attractive-woman-exulting-using-calculator-and-laptop-for-calculating/ #### Calvert Home Mortgage | Homeowners URL: https://chmic.ca/homeowners/im-moving-my-family-into-our-dream-home/ #### Calvert Home Mortgage | Homeownership URL: https://chmic.ca/homeowners/family-moving-in-new-house/ #### Calvert Home Mortgage | House Flipping URL: https://chmic.ca/lp-house-flipping/office-business-man-woman-high-five/ #### Calvert Home Mortgage | House Flipping URL: https://chmic.ca/lp-house-flipping/professional-holding-house-on-hand/ #### Calvert Home Mortgage | House Flipping URL: https://chmic.ca/lp-house-flipping/construction-home-owners-men-shaking-hands/ #### Calvert Home Mortgage | House placed on coins Men's hand is planning savings money of coins to buy a home concept concept for property ladder, mortgage and real estate investment. for saving or investment for a house, URL: https://chmic.ca/house-placed-on-coins-mens-hand-is-planning-savings-money-of-coins-to-buy-a-home-concept-concept-for-property-ladder-mortgage-and-real-estate-investment-for-saving-or-investment-for-a-house-2/ #### Calvert Home Mortgage | icon URL: https://chmic.ca/icon/ #### Calvert Home Mortgage | IMAGE COMING SOON URL: https://chmic.ca/the-team/image-coming-soon/ #### Calvert Home Mortgage | Investing in real estate is a great way to build your financial wealth. URL: https://chmic.ca/home-2/bp_03-09-15_0569rev/ #### Calvert Home Mortgage | Jason Luc URL: https://chmic.ca/jason-rev/ #### Calvert Home Mortgage | Jesse Bobrowski URL: https://chmic.ca/the-team/jesse-revsz/ #### Calvert Home Mortgage | Joy Sale URL: https://chmic.ca/the-team/joy-revsz/ #### Calvert Home Mortgage | Julia Smithers URL: https://chmic.ca/the-team/julia-0010revsz/ #### Calvert Home Mortgage | Kristine Vitto URL: https://chmic.ca/the-team/kristine-revsz/ #### Calvert Home Mortgage | Laura Ladd URL: https://chmic.ca/the-team/laura-revsz/ #### Calvert Home Mortgage | Learn URL: https://chmic.ca/learn/woman-analyzing-documents-while-sitting-at-home/ #### Calvert Home Mortgage | Loans URL: https://chmic.ca/mortgages/young-european-family-couple-relax-during-home-renovation-focused-in-laptop-computer-plan-redecoration-sit-near-couch-with-favourite-pedigree-dog-boxes-with-personal-stuff-and-floor-lamp/ #### Calvert Home Mortgage | Loans URL: https://chmic.ca/mortgages/planning-room-decor/ #### Calvert Home Mortgage | Loans URL: https://chmic.ca/mortgages/woman-putting-coin-in-the-jar-with-plant-2/ #### Calvert Home Mortgage | Loans URL: https://chmic.ca/mortgages/bp_03-09-15_0580rev/ #### Calvert Home Mortgage | logo URL: https://chmic.ca/logo-3/ #### Calvert Home Mortgage | Logo chmic white transparent URL: https://chmic.ca/lp-house-flipping/logo-chmic-white-transparent/ #### Calvert Home Mortgage | logo-100px URL: https://chmic.ca/logo-100px/ #### Calvert Home Mortgage | logo-white URL: https://chmic.ca/logo-white/ #### Calvert Home Mortgage | Man filling in Debt consolidation loan application. URL: https://chmic.ca/man-filling-in-debt-consolidation-loan-application-2/ #### Calvert Home Mortgage | Mature couple consulting with financial adviser at office URL: https://chmic.ca/mature-couple-consulting-with-financial-adviser-at-office-2/ #### Calvert Home Mortgage | Melanie URL: https://chmic.ca/the-team/melanie-revsz/ #### Calvert Home Mortgage | Mortgage Brokers URL: https://chmic.ca/home-2/were-sure-that-youll-get-us-the-best-deal/ #### Calvert Home Mortgage | Mortgage Brokers URL: https://chmic.ca/mortgage-brokers/mature-couple-consulting-with-financial-adviser-at-office/ #### Calvert Home Mortgage | Mortgage Brokers URL: https://chmic.ca/mortgage-brokers/man1/ #### Calvert Home Mortgage | Mortgage Brokers URL: https://chmic.ca/mortgage-brokers/man2/ #### Calvert Home Mortgage | Mortgage brokers across Alberta URL: https://chmic.ca/home-2/family-couple-consultations-with-a-lawyer-or-insurance-agent/ #### Calvert Home Mortgage | MPC URL: https://chmic.ca/mpc-1/ #### Calvert Home Mortgage | MPC1 URL: https://chmic.ca/mpc1-1/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/woman-hugging-man-and-holding-home-keys/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/couple-in-their-new-home/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/dean3-1/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/great-hol-1/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/img_0292-1/ #### Calvert Home Mortgage | Our Culture URL: https://chmic.ca/our-culture/img_4448-1/ #### Calvert Home Mortgage | Our Difference URL: https://chmic.ca/why-work-with-us/bp_03-09-15_0183rev/ #### Calvert Home Mortgage | Our Difference URL: https://chmic.ca/why-work-with-us/loving-couple-looking-at-the-blueprints-of-their-new-house/ #### Calvert Home Mortgage | Our Difference URL: https://chmic.ca/why-work-with-us/creating-lasting-memories-in-their-new-nest/ #### Calvert Home Mortgage | Our Difference URL: https://chmic.ca/why-work-with-us/senior-couple-watching-digital-tablet-together-at-home/ #### Calvert Home Mortgage | Our goal is to support you in being profitable on every deal URL: https://chmic.ca/real-estate-investors/workers-are-installing-plasterboard-drywall-for-gypsum-walls-in-apartment-is-under-construction-remodeling-renovation-extension-restoration-and-reconstruction/ #### Calvert Home Mortgage | PMLF Logo URL: https://chmic.ca/pmlf-logo-1/ #### Calvert Home Mortgage | Population of Alberta URL: https://chmic.ca/population-of-alberta/ #### Calvert Home Mortgage | Real Estate Investors URL: https://chmic.ca/real-estate-investors/house-placed-on-coins-mens-hand-is-planning-savings-money-of-coins-to-buy-a-home-concept-concept-for-property-ladder-mortgage-and-real-estate-investment-for-saving-or-investment-for-a-house/ #### Calvert Home Mortgage | Real Estate Investors URL: https://chmic.ca/real-estate-investors/team-of-happy-manual-workers-welcoming-a-couple-to-their-apartment/ #### Calvert Home Mortgage | Real Estate Investors URL: https://chmic.ca/real-estate-investors/woman-putting-coin-in-the-jar-with-plant/ #### Calvert Home Mortgage | Rob Maver URL: https://chmic.ca/the-team/rob-revsz/ #### Calvert Home Mortgage | Robin Mackay URL: https://chmic.ca/the-team/robin-revsz/ #### Calvert Home Mortgage | Ronda URL: https://chmic.ca/the-team/ronda-revsz/ #### Calvert Home Mortgage | Ryan Day URL: https://chmic.ca/ryan-revsz/ #### Calvert Home Mortgage | Ryan Smith URL: https://chmic.ca/the-team/ryan-smith/ #### Calvert Home Mortgage | Save Time and Money URL: https://chmic.ca/home-2/evaluating-their-income-and-expenditure/ #### Calvert Home Mortgage | Sherwin Dziwenka URL: https://chmic.ca/the-team/sherwin-revsz/ #### Calvert Home Mortgage | Small Down Payment URL: https://chmic.ca/lp-house-flipping/dummy-house-mortgage-key-table/ #### Calvert Home Mortgage | Tax Debt URL: https://chmic.ca/mortgages/the-next-numbers-are-as-follows/ #### Calvert Home Mortgage | TECCanada URL: https://chmic.ca/teccanada-1/ #### Calvert Home Mortgage | The next numbers are as follows URL: https://chmic.ca/the-next-numbers-are-as-follows-2/ #### Calvert Home Mortgage | The Team URL: https://chmic.ca/the-team/bp_03-09-15_0298rev-3/ #### Calvert Home Mortgage | We Are A Common Sense Lender URL: https://chmic.ca/the-team/digitizing-the-budgeting-process/ #### Calvert Home Mortgage | We are a family-operated business with a fund of ~$120M. URL: https://chmic.ca/bp_03-09-15_0298rev-2/ #### Calvert Home Mortgage | We Make Business Personal URL: https://chmic.ca/lp-house-flipping/business-staff-workign-together-collaboration/ #### Calvert Home Mortgage | We place a significant focus on short-term lending URL: https://chmic.ca/bp_03-09-15_0298rev/ #### Calvert Home Mortgage Celebrates Major Milestone Canada's Most Admired Corporate Culture Awards 2022 - 2024 #### Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/learn/calvert-mortgages-1030x541/ #### Calvert Home Mortgage Investment Corporation Short-term mortgage solutions in Alberta and Ontario #### Calvert Home Mortgage Investment Corporation and Waterstone Canada's Most Admired Corporate Cultures Calvert Home Mortgage Investment Corporation, 2022 recipient of Waterstone Canada's Most Admired Corporate Cultures award. #### Calvert Home Mortgage Investment Corporation and Waterstone Canada's Most Admired Corporate Cultures Calvert Home Mortgage Investment Corporation, 2022 recipient of Waterstone Canada's Most Admired Corporate Cultures award. #### Calvert Home Mortgage Underwriters Contact Information URL: https://chmic.ca/calvert-home-mortgage-underwriters-contact-information/ #### CALVERT STATIC URL: https://chmic.ca/calvert-static/ #### Calvert-Home-Mortgage-Investment-Corporation-1030x541 URL: https://chmic.ca/learn/calvert-home-mortgage-investment-corporation-1030x541/ #### Cam Speirs URL: https://chmic.ca/cam-speirs/ #### CAMLA URL: https://chmic.ca/the-team/camla/ #### CAMLA Founding Member Badge (Transparent) (1) URL: https://chmic.ca/camla-founding-member-badge-transparent-1/ #### Canada's Most Admired Corporate Cultures Award URL: https://chmic.ca/calvert-home-mortgage/cma_ws1-3/ #### Carl URL: https://chmic.ca/carl/ #### Carolyn van Schothorst, Marketing and Business Development Assistant at Calvert Home Mortgage Investment Corporation Carolyn van Schothorst Headshot #### Carrie Van Hoffen URL: https://chmic.ca/the-team/carrie-van-hoffen/ #### Case Study - 223179 Equity Gain - Stand Out Deal #4 URL: https://chmic.ca/case-study-223179-equity-gain-stand-out-deal-4/ #### Cashyn Homes Cashyn Homes #### CHMIC Annual Report 2023 (e)-compressed (2) (1) URL: https://chmic.ca/chmic-annual-report-2023-e-compressed-2-1/ #### CHMIC Annual Report 2025 URL: https://chmic.ca/chmic-annual-report-2025/ #### CHMIC Debt Consolidation Tool URL: https://chmic.ca/chmic-debt-consolidation-tool/ #### CHMIC Fillable Credit Application 02-07-25 URL: https://chmic.ca/chmic-fillable-credit-application-02-07-25/ #### CHMIC Fillable Credit Application 02-07-25 URL: https://chmic.ca/chmic-fillable-credit-application-02-07-25-2/ #### CHMIC Fillable Credit Application 02-07-25 URL: https://chmic.ca/chmic-fillable-credit-application-02-07-25-3/ #### CHMIC Fillable Credit Application Form URL: https://chmic.ca/chmic-fillable-credit-application-form/ #### CHMIC Mission Vision and Values 2023 URL: https://chmic.ca/chmic-mission-vision-and-values-2023/ #### CHMIC Q2 2025_2026 Shareholder Report URL: https://chmic.ca/chmic-q2-2025_2026-shareholder-report/ #### CHMIC Relationship Disclosure Document 28Aug25 URL: https://chmic.ca/chmic-relationship-disclosure-document-28aug25/ #### Chris Walker Chief Operating Officer at Calvert Home Mortgage Investment Corporation #### Christine Smithers URL: https://chmic.ca/the-team/christine-smithers/ #### Chynthya Gindele Calvert Home Mortgage Investment Corporation - Executive Assistant to the CEO #### CMA_WS_CC_FullColourLogo_2022 (1) URL: https://chmic.ca/cma_ws_cc_fullcolourlogo_2022-1-2/ #### CMA_WS~1 URL: https://chmic.ca/calvert-home-mortgage/cma_ws1-2/ #### Colin Cui URL: https://chmic.ca/colin-cui/ #### Copy of October 2024 - Monthly Economic Report AB - Real Estate Benchmark (version 2) URL: https://chmic.ca/copy-of-october-2024-monthly-economic-report-ab-real-estate-benchmark-version-2/ #### cover photo URL: https://chmic.ca/cover-photo/ #### Creating lasting memories in their new nest URL: https://chmic.ca/creating-lasting-memories-in-their-new-nest-2/ #### CREIG - 0517 - 37 - Sherwin Dziwenka Summary URL: https://chmic.ca/learn/creig-0517-37-sherwin-dziwenka-summary/ #### CREIG - 0614 - 41 - Chris Grier Summary URL: https://chmic.ca/creig-0614-41-chris-grier-summary/ #### Cyber Incident Notification - CONFIDENTIAL - Sample only URL: https://chmic.ca/cyber-incident-notification-confidential-sample-only/ #### Cynthia Nwosu Cynthia Nwosu, Business Analyst at Calvert Home Mortgage Investment Corporation #### Dale Koeller - Calvert Home Mortgage Investment Corporation (1) URL: https://chmic.ca/dale-koeller-calvert-home-mortgage-investment-corporation-1/ #### Dan Werner URL: https://chmic.ca/dan-werner/ #### Dean 3 URL: https://chmic.ca/our-culture/dean-3/ #### Dean Koeller URL: https://chmic.ca/shareholders/dean-koeller/ #### Debt Consolidation Tool URL: https://chmic.ca/learn/debt-consolidation-tool/ #### Debt Consolidation Tool - version 2 URL: https://chmic.ca/debt-consolidation-tool-version-2/ #### Dec 2018 - Monthly Economic Report - Real Estate Benchmark - TBA URL: https://chmic.ca/dec-2018-monthly-economic-report-real-estate-benchmark-tba/ #### Dec 2020 - Monthly Economic Report - Real Estate Benchmark Version 4- URL: https://chmic.ca/dec-2020-monthly-economic-report-real-estate-benchmark-version-4/ #### December 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/december-2019-monthly-economic-report-real-estate-benchmark/ #### December 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/december-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### December 2022 - Monthly Economic Report AB - Real Estate Benchmark (version 2) URL: https://chmic.ca/december-2022-monthly-economic-report-ab-real-estate-benchmark-version-2/ #### December 2023 - Monthly Economic Report AB URL: https://chmic.ca/december-2023-monthly-economic-report-ab/ #### DecemberOntarioEconomicReport URL: https://chmic.ca/decemberontarioeconomicreport/ #### Dejan Blagojevic 2 URL: https://chmic.ca/dejan-blagojevic-2/ #### Denise Janzen URL: https://chmic.ca/the-team/denise-janzen/ #### Disclaimer - Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/disclaimer-real-estate-and-wealth-powered-by-calvert-home-mortgage-investment-corporation/ #### Disclaimer - Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/disclaimer-real-estate-and-wealth-powered-by-calvert-home-mortgage-investment-corporation-2/ #### Disclaimer - Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/disclaimer-real-estate-and-wealth-powered-by-calvert-home-mortgage-investment-corporation-3/ #### Disclaimer - Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/disclaimer-real-estate-and-wealth-powered-by-calvert-home-mortgage-investment-corporation-4/ #### Disclaimer - Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/disclaimer-real-estate-and-wealth-powered-by-calvert-home-mortgage-investment-corporation-5/ #### Dominic Castaneda - Calvert Home Mortgage Investment Corporation Dominic Castaneda, Treasury Manager at Calvert Home Mortgage #### Econ Report March V2 URL: https://chmic.ca/econ-report-march-v2/ #### Email Signature - CMA Corporate Culture Award 2022-2025 URL: https://chmic.ca/the-team/email-signature-cma-corporate-culture-award-2022-2025/ #### Ep 92b URL: https://chmic.ca/ep-92b/ #### Episode 1-14 URL: https://chmic.ca/episode-1-14/ #### Eric Wiggins, Calvert Home Mortgage Investment Corporation Eric Wiggins, Controller at Calvert Home Mortgage #### erwin podcast URL: https://chmic.ca/learn/erwin-podcast/ #### Everything You Need to Know About Our In-House Valuations In-House Valuations with Calvert Home Mortgage Investment Corporation #### Everything You Need to Know About Our In-House Valuations Free home valuations completed by our team of Real Estate Analysts #### family enterprise canada URL: https://chmic.ca/the-team/family-enterprise-canada/ #### Fast Mortgage Approvals - How Quickly Can You Get a Mortgage with Calvert Home Mortgage Fast Funding for Canadian Real Estate Investors in Alberta and Ontario #### Featured Flip - Niagara Falls, Ontario URL: https://chmic.ca/featured-flip-niagara-falls-ontario/ #### Featured Flip - Windsor, Ontario URL: https://chmic.ca/featured-flip-windsor-ontario/ #### Feb 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - Mar 6, 2018 URL: https://chmic.ca/feb-2018-monthly-economic-report-real-estate-analysis-benchmark-mar-6-2018/ #### Feb 2019 - Monthly Economic Report - Real Estate Benchmark - TBA URL: https://chmic.ca/feb-2019-monthly-economic-report-real-estate-benchmark-tba/ #### Feb 2021 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/feb-2021-monthly-economic-report-real-estate-benchmark/ #### February 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/february-2020-monthly-economic-report-real-estate-benchmark/ #### February 2023 - Monthly Economic Report AB URL: https://chmic.ca/february-2023-monthly-economic-report-ab/ #### February 2024 - 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Ontario Updated URL: https://chmic.ca/flip-analyzer-by-calvert-home-mortgage-ontario-updated/ #### Flip Analyzer Tool for Alberta Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-alberta-real-estate-investors/ #### Flip and BRRR_AB_REI_1B_230612 URL: https://chmic.ca/flip-and-brrr_ab_rei_1b_230612/ #### Flip and BRRR_ON_Broker_1C_230317 (1) URL: https://chmic.ca/flip-and-brrr_on_broker_1c_230317-1/ #### Flip and BRRR_ON_REI_1D_230317 (1) URL: https://chmic.ca/flip-and-brrr_on_rei_1d_230317-1/ #### Flip and BRRR_ON_REI_1D_230612 URL: https://chmic.ca/flip-and-brrr_on_rei_1d_230612/ #### Flip BRRR_AB_MortgageBroker_230829 URL: https://chmic.ca/flip-brrr_ab_mortgagebroker_230829/ #### Flip BRRR_AB_MortgageBroker_231214 URL: https://chmic.ca/flip-brrr_ab_mortgagebroker_231214/ #### Flip BRRR_AB_Real Estate Investor_230830 URL: https://chmic.ca/flip-brrr_ab_real-estate-investor_230830/ #### Flip BRRR_AB_Real Estate Investor_230830 URL: https://chmic.ca/flip-brrr_ab_real-estate-investor_230830-2/ #### Flip BRRR_Generic AB Real Estate_230612 URL: https://chmic.ca/flip-brrr_generic-ab-real-estate_230612/ #### Flip BRRR_Generic AB Real Estate_230612 URL: https://chmic.ca/flip-brrr_generic-ab-real-estate_230612-2/ #### Flip BRRR_Generic ON Real Estate_230424 URL: https://chmic.ca/flip-brrr_generic-on-real-estate_230424/ #### Flip BRRR_Generic ON Real Estate_230612 URL: https://chmic.ca/flip-brrr_generic-on-real-estate_230612/ #### Flip BRRR_ON_MortgageBroker_231215 URL: https://chmic.ca/flip-brrr_on_mortgagebroker_231215/ #### Flip BRRR_ON_Real Estate Investor_230830 URL: https://chmic.ca/flip-brrr_on_real-estate-investor_230830/ #### Flip BRRR_ON_Real Estate Investor_230830 URL: https://chmic.ca/flip-brrr_on_real-estate-investor_230830-2/ #### Flip of the month - February URL: https://chmic.ca/flip-of-the-month-february/ #### Flip of the Month - February 2023 Calvert Home Mortgage Investment Corporation - Ontario Flip of the Month #### Flip of the Month - May 2023 URL: https://chmic.ca/flip-of-the-month-may-2023/ #### Flip of the Month - May 2023 (1) URL: https://chmic.ca/flip-of-the-month-may-2023-1/ #### Flip of the Month- Episode 1 URL: https://chmic.ca/flip-of-the-month-episode-1/ #### Flip of the Month- Episode 2 URL: https://chmic.ca/flip-of-the-month-episode-2/ #### Flip of the Month- Episode 3 URL: https://chmic.ca/flip-of-the-month-episode-3/ #### Flip of the Month- Episode 4 URL: https://chmic.ca/flip-of-the-month-episode-4/ #### Flip of the Month- Episode 5 URL: https://chmic.ca/flip-of-the-month-episode-5/ #### Flip of the Month- Episode 6 URL: https://chmic.ca/flip-of-the-month-episode-6/ #### Flip of the Month- Episode 7 URL: https://chmic.ca/flip-of-the-month-episode-7/ #### Flip of the Month- Episode 8 URL: https://chmic.ca/flip-of-the-month-episode-8/ #### Flip of the Month- Episode 9 URL: https://chmic.ca/flip-of-the-month-episode-9/ #### Flip-Analyzer-by-Calvert-Home-Mortgage URL: https://chmic.ca/flip-analyzer-by-calvert-home-mortgage/ #### Flip-Analyzer-by-Calvert-Home-Mortgage-Alberta-June 2023 URL: https://chmic.ca/flip-analyzer-by-calvert-home-mortgage-alberta-june-2023/ #### Flip-Analyzer-by-Calvert-Home-Mortgage-Ontario URL: https://chmic.ca/flip-analyzer-by-calvert-home-mortgage-ontario/ #### Flip-Analyzer-by-Calvert-Home-Mortgage-Ontario-June 2023 URL: https://chmic.ca/flip-analyzer-by-calvert-home-mortgage-ontario-june-2023/ #### Flip-and-BRRR_AB_REI_1B_230125 URL: https://chmic.ca/flip-and-brrr_ab_rei_1b_230125/ #### Flip-and-BRRR_ON_REI_1D_230125 URL: https://chmic.ca/flip-and-brrr_on_rei_1d_230125/ #### Frequently Asked Questions - Mortgage Brokers URL: https://chmic.ca/?attachment_id=6306 #### Frequently Asked Questions - Real Estate Investors Calvert Home Mortgage Investment Corporation - Alternative Mortgage Lender in Alberta and Ontario, Short-Term Mortgages #### Frequently Asked Questions about Landlord-Tenant Laws in Ontario Real Estate Investing in Canada #### Garrett LaBarre URL: https://chmic.ca/shareholders/garrett-labarre/ #### Generic - Flip Analyzer Tool for Ontario Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-ontario-real-estate-investors/ #### Geraldine O'Shea - Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/the-team/geraldine-oshea/ #### google URL: https://chmic.ca/google/ #### google-rounded-small-e4443d-FFFFFF URL: https://chmic.ca/google-rounded-small-e4443d-ffffff/ #### Gursimran (Sim) Kaur URL: https://chmic.ca/gursimran-sim-kaur/ #### Hannah URL: https://chmic.ca/hannah/ #### Here’s a look at 6 ways to take advantage of an existing mortgage. Calvert Home Mortgage Investment Corporation shares 6 ways to take advantage of an existing mortgage #### hermes-rivera-ahHn48-zKWo-unsplash URL: https://chmic.ca/federal-governments-housing-plan/hermes-rivera-ahhn48-zkwo-unsplash/ #### How Alternative Mortgage Solutions Can Be Used for Bankable Clients Calvert Home Mortgage Investment Corporation #### How Mortgage Brokers Can Win More Deals with Alternative Lending Calvert Home Mortgage is Canada's most trusted alternative mortgage lender #### How Our In-House Valuations Work In-House Valuations with Calvert Home Mortgage Investment Corporation #### How to Build a Network of Repeat Clients (1) Canadian Real Estate Investing #### How to Compare Real Estate Lending Options - Why Speed & Structure Matter as Much as Rate URL: https://chmic.ca/how-to-compare-real-estate-lending-options-why-speed-structure-matter-as-much-as-rate/how-to-compare-real-estate-lending-options-why-speed-structure-matter-as-much-as-rate-2/ #### How to Scale Your Real Estate Investment Portfolio with Less Cash Up Front Blanket Mortgages for Real Estate Investors from Calvert Home Mortgage Investment Corporation #### How to Scrutinize Private Lending Deals Like a Pro Jesse Bobrowski of Calvert Home Mortgage sat down with Cherry Chan, Real Estate Investor Accountant and talked about how to scrutinize private lending deals like a pro. Tune into the full interview on YouTube #### How to Spot Hidden Value in Distressed Properties (Beyond Renovations) How to Spot Hidden Value in Distressed Properties #### If the real estate investor increased down payments for a lower rate URL: https://chmic.ca/how-to-compare-real-estate-lending-options-why-speed-structure-matter-as-much-as-rate/if-the-real-estate-investor-increased-down-payments-for-a-lower-rate/ #### Illustrative Case Study - Bridge Financing with Blanket Solution for Retired Borrowers (1) URL: https://chmic.ca/illustrative-case-study-bridge-financing-with-blanket-solution-for-retired-borrowers-1/ #### image URL: https://chmic.ca/image/ #### image URL: https://chmic.ca/image-2/ #### IMG_0040 URL: https://chmic.ca/our-culture/img_0040/ #### IMG_0052 URL: https://chmic.ca/our-culture/img_0052/ #### IMG_0054 URL: https://chmic.ca/our-culture/img_0054/ #### IMG_0056 URL: https://chmic.ca/our-culture/img_0056/ #### IMG_9810 URL: https://chmic.ca/real-estate-and-wealth-podcast/img_9810/ #### Improving Housing Supply Through Real Estate Investors How Calvert Home Mortgage supports real estate investors to improve housing supply in Canada #### infographic URL: https://chmic.ca/how-to-be-successful-in-a-market-with-economic-headwinds/picture1/ #### instagram URL: https://chmic.ca/instagram/ #### instagram-rounded-small-fe0076-FFFFFF URL: https://chmic.ca/instagram-rounded-small-fe0076-ffffff/ #### Interim Development PROMO Rates - Alberta Mortgage Brokers (March 13, 2025) URL: https://chmic.ca/interim-development-promo-rates-alberta-mortgage-brokers-march-13-2025/ #### Interim Development PROMO Rates - Alberta Real Estate Investors (March 13, 2025) URL: https://chmic.ca/interim-development-promo-rates-alberta-real-estate-investors-march-13-2025/ #### Interim Purchase Case Study URL: https://chmic.ca/interim-purchase-case-study/ #### Interim Purchase Case Study URL: https://chmic.ca/interim-purchase-case-study-2/ #### Interim Purchase Mortgages – Fast, Flexible Short-Term Solutions for Your Clients Calvert Home Mortgage Investment Corporation - Alternative Mortgage Lending in Alberta and Ontario #### Interim Purchase_AB_MortgageBroker_230829 URL: https://chmic.ca/interim-purchase_ab_mortgagebroker_230829/ #### Interim Purchase_AB_MortgageBroker_230829 URL: https://chmic.ca/interim-purchase_ab_mortgagebroker_230829-2/ #### Interim Purchase_AB_MortgageBroker_230829 URL: https://chmic.ca/interim-purchase_ab_mortgagebroker_230829-3/ #### InterimPurchase_AB_REI_230922 URL: https://chmic.ca/interimpurchase_ab_rei_230922/ #### InterimPurchase_AB_REI_230922 URL: https://chmic.ca/interimpurchase_ab_rei_230922-2/ #### InterimPurchase_ON_MortgageBrokers_230829 URL: https://chmic.ca/interimpurchase_on_mortgagebrokers_230829/ #### InterimPurchase_ON_MortgageBrokers_230829 URL: https://chmic.ca/interimpurchase_on_mortgagebrokers_230829-2/ #### InterimPurchase_ON_REI_230922 URL: https://chmic.ca/interimpurchase_on_rei_230922/ #### InterimPurchase_ON_REI_230922 URL: https://chmic.ca/interimpurchase_on_rei_230922-2/ #### Jan 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - Feb 12, 2018 URL: https://chmic.ca/jan-2018-monthly-economic-report-real-estate-analysis-benchmark-feb-12-2018/ #### Jan 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/jan-2019-monthly-economic-report-real-estate-benchmark/ #### Jan 2021 - Monthly Economic Report - Real Estate Benchmark- (002) URL: https://chmic.ca/jan-2021-monthly-economic-report-real-estate-benchmark-002/ #### Jan05_logo1 URL: https://chmic.ca/jan05_logo1/ #### January 2020 - Monthly Economic Report - Real Estate Benchmark-updated URL: https://chmic.ca/january-2020-monthly-economic-report-real-estate-benchmark-updated/ #### January 2022 - Monthly Economic Report - Real Estate Benchmark Version 4 (002) URL: https://chmic.ca/january-2022-monthly-economic-report-real-estate-benchmark-version-4-002/ #### January 2022 - Monthly Economic Report - Real Estate Benchmark Version 4 (002) URL: https://chmic.ca/january-2022-monthly-economic-report-real-estate-benchmark-version-4-002-2/ #### January 2023 - Monthly Economic Report AB URL: https://chmic.ca/january-2023-monthly-economic-report-ab/ #### January 2024 - Monthly Economic Report AB URL: https://chmic.ca/january-2024-monthly-economic-report-ab/ #### January Flip of the Month URL: https://chmic.ca/january-flip-of-the-month/ #### Jeanelle URL: https://chmic.ca/jeanelle/ #### Jen Linton - Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/the-team/bp_10-26-23_2-0062-rev/ #### Jen Linton - Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/the-team/jen-linton/ #### Jen Linton October 2024 URL: https://chmic.ca/jen-linton-october-2024/ #### Jesse Bobrowski URL: https://chmic.ca/shareholders/jesse-bobrowski/ #### Jesse Bobrowski on The Andrew Hines Real Estate Investing Podcast Jesse Bobrowski & Andrew Hines on Episode 228 "Private Lending on Real Estate Flips and Equity Raising with Jesse Bobrowski" #### Jessechmic URL: https://chmic.ca/the-team/jessechmic/ #### Jessica Nielsen URL: https://chmic.ca/jessica-nielsen/ #### Joanna Sheth URL: https://chmic.ca/joanna-sheth/ #### Jonathan D'Cruz Calvert Home Mortgage Investment Corporation #### Julia Smithers October 2024 URL: https://chmic.ca/julia-smithers-october-2024/ #### July 2018 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/july-2018-monthly-economic-report-real-estate-benchmark/ #### July 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/july-2019-monthly-economic-report-real-estate-benchmark/ #### July 2020 - Monthly Economic Report - Real Estate Benchmark Version 4- USE THIS ONE GOING FORWARDS URL: https://chmic.ca/july-2020-monthly-economic-report-real-estate-benchmark-version-4-use-this-one-going-forwards/ #### July 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/july-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### July 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/july-2022-monthly-economic-report-real-estate-benchmark/ #### July 2022 - Monthly Economic Report - Real Estate Benchmark - with header and footers URL: https://chmic.ca/july-2022-monthly-economic-report-real-estate-benchmark-with-header-and-footers/ #### July 2022 - Monthly Economic Report - Real Estate Benchmark - with header and footers URL: https://chmic.ca/july-2022-monthly-economic-report-real-estate-benchmark-with-header-and-footers-2/ #### July 2023 - Monthly Economic Report AB URL: https://chmic.ca/july-2023-monthly-economic-report-ab/ #### July 2024 - Monthly Economic Report AB URL: https://chmic.ca/july-2024-monthly-economic-report-ab/ #### July 2024 Interim Purchase Case Study URL: https://chmic.ca/july-2024-interim-purchase-case-study/ #### July 2024 Interim Purchase Case Study URL: https://chmic.ca/july-2024-interim-purchase-case-study-2/ #### July 2024 Interim Purchase Case Study URL: https://chmic.ca/july-2024-interim-purchase-case-study-3/ #### July 2024 Interim Purchase Case Study URL: https://chmic.ca/july-2024-interim-purchase-case-study-4/ #### July 2024 Ontario Economic Report URL: https://chmic.ca/ontarioeconomicreportv9julylondon/ #### July 2025 x3 Flips Case Study URL: https://chmic.ca/july-2025-x3-flips-case-study/ #### July 2025 x3 Flips Case Study - Final URL: https://chmic.ca/july-2025-x3-flips-case-study-final/ #### July Flip of the Month URL: https://chmic.ca/flip-of-the-month-3/ #### July Flip of the Month URL: https://chmic.ca/july-flip-of-the-month/ #### July-2024-Monthly-Economic-Report-ON URL: https://chmic.ca/july-2024-monthly-economic-report-on/ #### JulyOntarioEconomicReport URL: https://chmic.ca/julyontarioeconomicreport/ #### June 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - July 2018 with logo URL: https://chmic.ca/june-2018-monthly-economic-report-real-estate-analysis-benchmark-july-2018-with-logo/ #### June 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/june-2019-monthly-economic-report-real-estate-benchmark/ #### June 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/june-2020-monthly-economic-report-real-estate-benchmark/ #### June 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/june-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### June 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/june-2022-monthly-economic-report-real-estate-benchmark/ #### June 2023 - Monthly Economic Report AB URL: https://chmic.ca/june-2023-monthly-economic-report-ab/ #### June 2024 - Monthly Economic Report AB URL: https://chmic.ca/june-2024-monthly-economic-report-ab/ #### June 2024 Flip_BRRR Case Study URL: https://chmic.ca/june-2024-flip_brrr-case-study/ #### June Maurais URL: https://chmic.ca/june-maurais/ #### JuneOntarioEconomicReportV2 URL: https://chmic.ca/juneontarioeconomicreportv2/ #### Kaelan Nelson URL: https://chmic.ca/the-team/attachment/3/ #### Kari Gillepsie - Calvert Home Mortgage Investment Corporation Kari Gillepsie, Investor Relations Manager & Chief Compliance Officer at Calvert Home Mortgage #### Katarina Jarossy URL: https://chmic.ca/katarina-jarossy/ #### Kenia Torres URL: https://chmic.ca/kenia-torres/ #### Leverage Your Equity to Scale Faster with Blanket Mortgages in Alberta and Ontario URL: https://chmic.ca/blanket-mortgage-alberta-ontario/leverage-your-equity-to-scale-faster-with-blanket-mortgages-in-alberta-and-ontario/ #### linkedin URL: https://chmic.ca/linkedin/ #### linkedin-rounded-small-0077b5-FFFFFF URL: https://chmic.ca/linkedin-rounded-small-0077b5-ffffff/ #### Listen on Amazon Tune in to Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation on Amazon Music #### Listen on Apple Podcasts Tune in to the Real Estate and Wealth Podcast powered by Calvert Home Mortgage Investment Corporation on Apple Podcasts #### Listen on Google Podcasts Tune in to Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation on Google Podcasts #### Listen on Spotify Tune in to the Real Estate and Wealth Podcast powered by Calvert Home Mortgage Investment Corporation on Spotify #### Listen on YouTube Tune in to Real Estate and Wealth powered by Calvert Home Mortgage Investment Corporation on YouTube #### Logan URL: https://chmic.ca/logan/ #### Logan Moro, Underwriter at Calvert Home Mortgage Investment Corporation Logan Moro, Underwriter at Calvert Home Mortgage #### Logo URL: https://chmic.ca/the-team/logo/ #### logo-chmic-white-vector URL: https://chmic.ca/lp-house-flipping/logo-chmic-white-vector/ #### logo50yearsV1 URL: https://chmic.ca/logo50yearsv1/ #### LogoCHM-310 URL: https://chmic.ca/logochm-310/ #### LogoCHM@1x URL: https://chmic.ca/logochm1x/ #### LogoCHM350 URL: https://chmic.ca/logochm350/ #### LogoCHM350-white@1x URL: https://chmic.ca/logochm350-white1x/ #### Lori Manary URL: https://chmic.ca/lori-manary/ #### Loving couple looking at the blueprints of their new house URL: https://chmic.ca/loving-couple-looking-at-the-blueprints-of-their-new-house-2/ #### Maggie Carron Calvert Home Mortgage Investment Corporation #### Mar 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/mar-2019-monthly-economic-report-real-estate-benchmark/ #### March 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - April 13, 2018 URL: https://chmic.ca/march-2018-monthly-economic-report-real-estate-analysis-benchmark-april-13-2018/ #### March 2020 Economic Report URL: https://chmic.ca/march-2020-economic-report/ #### March 2021 - Monthly Economic Report - Real Estate Benchmarkpdf URL: https://chmic.ca/march-2021-monthly-economic-report-real-estate-benchmarkpdf/ #### March 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/march-2022-monthly-economic-report-real-estate-benchmark/ #### March 2022 - Monthly Economic Report - Real Estate Benchmark Version 4 (002) URL: https://chmic.ca/march-2022-monthly-economic-report-real-estate-benchmark-version-4-002/ #### March 2023 - Monthly Economic Report AB URL: https://chmic.ca/march-2023-monthly-economic-report-ab/ #### March 2024 - Monthly Economic Report AB URL: https://chmic.ca/march-2024-monthly-economic-report-ab/ #### March 2024 - Monthly Economic Report ON URL: https://chmic.ca/ontarioeconomicreportv6march/ #### March 2025 Flip Case Study - Kitchener, ON URL: https://chmic.ca/march-2025-flip-case-study-kitchener-on/ #### March 2025 Flip_BRRR Case Study URL: https://chmic.ca/march-2025-flip_brrr-case-study/ #### MarchEconomicReportV2 URL: https://chmic.ca/marcheconomicreportv2/ #### Marsha Williams URL: https://chmic.ca/marsha-williams/ #### matt-donders-boz4mBOeR2U-unsplash URL: https://chmic.ca/?attachment_id=4530 #### May - 2019 - Economic Report URL: https://chmic.ca/may-2019-economic-report/ #### May 2018 - Monthly Economic Report - Real Estate Analysis Benchmark - June 2018 - no calvert label URL: https://chmic.ca/may-2018-monthly-economic-report-real-estate-analysis-benchmark-june-2018-no-calvert-label/ #### May 2020 - Monthly Economic Report - Real Estate Benchmark Version 4 (002) URL: https://chmic.ca/may-2020-monthly-economic-report-real-estate-benchmark-version-4-002/ #### May 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/may-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### May 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/may-2022-monthly-economic-report-real-estate-benchmark/ #### May 2023 - Monthly Economic Report AB URL: https://chmic.ca/may-2023-monthly-economic-report-ab/ #### May 2024 - Monthly Economic Report AB URL: https://chmic.ca/may-2024-monthly-economic-report-ab/ #### May 2024 - Monthly Economic Report AB URL: https://chmic.ca/may-2024-monthly-economic-report-ab-2/ #### Melissa Lee - Calvert Home Mortgage Investment Corporation Calvert Home Mortgage - Melissa Lee Underwriting Success Associate #### MicrosoftTeams-image (2) URL: https://chmic.ca/our-culture/microsoftteams-image-2/ #### MicrosoftTeams-image (4) URL: https://chmic.ca/our-culture/microsoftteams-image-4/ #### MicrosoftTeams-image (9) URL: https://chmic.ca/our-culture/microsoftteams-image-9/ #### Monark Case Study URL: https://chmic.ca/our-culture/monark-case-study/ #### Mortgage Awards of Excellence 2023 - Calvert Home Mortgage FINALIST for Private Lender of the Year Mortgage Awards of Excellence 2023 - Calvert Home Mortgage FINALIST for Private Lender of the Year #### Mortgage Rates Canada - How to Qualify for a Mortgage with Calvert Home Mortgage Investment Corporation Jesse Bobrowski from Calvert Home Mortgage on The Property Hustlers Podcast #### mortgage-lender-badge URL: https://chmic.ca/the-team/mortgage-lender-badge/ #### Nov 2018 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/nov-2018-monthly-economic-report-real-estate-benchmark/ #### Nov 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/nov-2020-monthly-economic-report-real-estate-benchmark/ #### November 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/november-2019-monthly-economic-report-real-estate-benchmark/ #### November 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/november-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### November 2022 - Monthly Economic Report AB - Real Estate Benchmark November 2022 - Monthly Economic Report AB - Real Estate Benchmark #### November 2023 - Monthly Economic Report AB URL: https://chmic.ca/november-2023-monthly-economic-report-ab/ #### November 2024 - Monthly Economic Report AB URL: https://chmic.ca/november-2024-monthly-economic-report-ab/ #### Oct 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/oct-2020-monthly-economic-report-real-estate-benchmark/ #### October 2018 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/october-2018-monthly-economic-report-real-estate-benchmark/ #### October 2019 - Monthly Economic Report - Real Estate Benchmark.xlsx URL: https://chmic.ca/october-2019-monthly-economic-report-real-estate-benchmark-xlsx/ #### October 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/october-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### October 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/october-2022-monthly-economic-report-real-estate-benchmark/ #### October 2023 - Monthly Economic Report Alberta URL: https://chmic.ca/october-2023-monthly-economic-report-alberta/ #### October 2023 - Monthly Economic Report Ontario URL: https://chmic.ca/october-2023-monthly-economic-report-ontario/ #### October Flip of the month - 56K profit URL: https://chmic.ca/october-flip-of-the-month-56k-profit/ #### OctoberOntarioEconomicReport URL: https://chmic.ca/octoberontarioeconomicreport/ #### ON case study Aug. 2022 URL: https://chmic.ca/on-case-study-aug-2022/ #### ON Flip of the Month - March 2023 URL: https://chmic.ca/on-flip-of-the-month-march-2023/ #### ONLY_sellsheet_2022_v2 URL: https://chmic.ca/only_sellsheet_2022_v2/ #### Ontario Economic Report December URL: https://chmic.ca/ontario-economic-report-december/ #### Ontario Economic Report FebruaryV3 URL: https://chmic.ca/ontario-economic-report-februaryv3/ #### Ontario Economic Report January2023V3 URL: https://chmic.ca/ontario-economic-report-january2023v3/ #### Ontario Economic Report July URL: https://chmic.ca/ontario-economic-report-july/ #### Ontario Economic Report July URL: https://chmic.ca/ontario-economic-report-july-2/ #### Ontario Economic Report June 2022 URL: https://chmic.ca/ontario-economic-report-june/ #### Ontario Economic Report March2023V3 URL: https://chmic.ca/ontario-economic-report-march2023v3/ #### Ontario Economic Report November 2022 by Calvert Home Mortgage Investment Corporation Ontario Economic Report November 2022 by Calvert Home Mortgage Investment Corporation #### Ontario Econonic Report Nov Final URL: https://chmic.ca/ontario-econonic-report-nov-final/ #### Ontario Flip Analyzer Tool URL: https://chmic.ca/learn/ontario-flip-analyzer-tool/ #### Ontario Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (April 2024) URL: https://chmic.ca/ontario-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-april-2024/ #### Ontario Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (February 2025) URL: https://chmic.ca/ontario-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-february-2025/ #### Ontario Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (January 2025) URL: https://chmic.ca/ontario-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-january-2025/ #### Ontario Flip Analyzer Tool - Calvert Home Mortgage Investment Corporation (May 2025) URL: https://chmic.ca/ontario-flip-analyzer-tool-calvert-home-mortgage-investment-corporation-may-2025/ #### Ontario Flip Analyzer Tool Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/ontario-flip-analyzer-tool-calvert-home-mortgage-investment-corporation/ #### Ontario Wholesalers (updated April 16, 2024) URL: https://chmic.ca/ontario-wholesalers-updated-april-16-2024/ #### Ontario-Flip-Analyzer-by-Calvert-Home-Mortgage-April 2024 URL: https://chmic.ca/ontario-flip-analyzer-by-calvert-home-mortgage-april-2024/ #### OntarioEconoicReportAugustV2 URL: https://chmic.ca/ontarioeconoicreportaugustv2/ #### OntarioEconomicReport2025March URL: https://chmic.ca/ontarioeconomicreport2025march/ #### OntarioEconomicReport2025May URL: https://chmic.ca/ontarioeconomicreport2025may/ #### OntarioEconomicReportApril URL: https://chmic.ca/ontarioeconomicreportapril/ #### OntarioEconomicReportAugust URL: https://chmic.ca/ontarioeconomicreportaugust/ #### OntarioEconomicReportAugust2024V2 URL: https://chmic.ca/ontarioeconomicreportaugust2024v2/ #### OntarioEconomicReportDecember URL: https://chmic.ca/ontarioeconomicreportdecember/ #### OntarioEconomicReportDecember2024V3 URL: https://chmic.ca/ontarioeconomicreportdecember2024v3/ #### OntarioEconomicReportDecemberV2 URL: https://chmic.ca/ontarioeconomicreportdecemberv2/ #### OntarioEconomicReportFebruary URL: https://chmic.ca/ontarioeconomicreportfebruary/ #### OntarioEconomicReportJan24 URL: https://chmic.ca/ontarioeconomicreportjan24/ #### OntarioEconomicReportJanuary2025February URL: https://chmic.ca/ontarioeconomicreportjanuary2025february/ #### OntarioEconomicReportJanuary2025V8 URL: https://chmic.ca/ontarioeconomicreportjanuary2025v8/ #### OntarioEconomicReportJanuaryFinalVersion1 URL: https://chmic.ca/ontarioeconomicreportjanuaryfinalversion1/ #### OntarioEconomicReportJuly URL: https://chmic.ca/ontarioeconomicreportjuly/ #### OntarioEconomicReportJune URL: https://chmic.ca/ontarioeconomicreportjune/ #### OntarioEconomicReportMay URL: https://chmic.ca/ontarioeconomicreportmay/ #### OntarioEconomicReportMayV1 URL: https://chmic.ca/ontarioeconomicreportmayv1/ #### OntarioEconomicReportNov2025 URL: https://chmic.ca/ontarioeconomicreportnov2025/ #### OntarioEconomicReportNovember2024 URL: https://chmic.ca/ontarioeconomicreportnovember2024/ #### OntarioEconomicReportNovemberV2 URL: https://chmic.ca/ontarioeconomicreportnovemberv2/ #### OntarioEconomicReportOctober URL: https://chmic.ca/ontarioeconomicreportoctober/ #### OntarioEconomicReportOctober2024v2 URL: https://chmic.ca/ontarioeconomicreportoctober2024v2/ #### OntarioEconomicReportSeptember URL: https://chmic.ca/ontarioeconomicreportseptember/ #### OntarioEconomicReportSeptember2024V4 URL: https://chmic.ca/ontarioeconomicreportseptember2024v4/ #### OntarioEconomicReportSeptemberV2 URL: https://chmic.ca/ontarioeconomicreportseptemberv2/ #### OntarioEconomicReportV8 URL: https://chmic.ca/ontarioeconomicreportv8/ #### OntarioEconomicReportV9 URL: https://chmic.ca/ontarioeconomicreportv9/ #### OntarioEconomicReportV9June URL: https://chmic.ca/ontarioeconomicreportv9june/ #### pexels-kindel-media-7979439 URL: https://chmic.ca/how-to-be-successful-in-a-market-with-economic-headwinds/pexels-kindel-media-7979439/ #### pexels-max-vakhtbovycn-7018389 URL: https://chmic.ca/7-things-to-know-about-raising-rent-as-a-landlord-in-ontario/pexels-max-vakhtbovycn-7018389/ #### 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podcasts-videos-Canadian-Real-Estate-Investing-Cash-Joint-Ventures URL: https://chmic.ca/learn/podcasts-videos-canadian-real-estate-investing-cash-joint-ventures/ #### podcasts-videos-RISE-Real-Estate-Investing URL: https://chmic.ca/learn/podcasts-videos-rise-real-estate-investing/ #### podcasts-videos-Sarah-Larbi URL: https://chmic.ca/learn/podcasts-videos-sarah-larbi/ #### Pre-Approvals for Real Estate Investors Why It Pays to Be Ready Pre-approvals for Real Estate Investors in Alberta and Ontario #### Private Lender in Canada Calvert Home Mortgage #### PROMO All Rates & Product Details - Alberta Mortgage Brokers URL: https://chmic.ca/promo-all-rates-product-details-alberta-mortgage-brokers/ #### PROMO All Rates & Product Details - Alberta Mortgage Brokers URL: https://chmic.ca/promo-all-rates-product-details-alberta-mortgage-brokers-2/ #### PROMO All Rates & Product Details - Alberta Real Estate Investors URL: https://chmic.ca/promo-all-rates-product-details-alberta-real-estate-investors/ #### PROMO All Rates & Product Details - Alberta Real Estate Investors URL: https://chmic.ca/promo-all-rates-product-details-alberta-real-estate-investors-2/ #### PROMO All Rates & Product Details - Ontario Mortgage Brokers URL: https://chmic.ca/promo-all-rates-product-details-ontario-mortgage-brokers/ #### PROMO All Rates & Product Details - Ontario Mortgage Brokers URL: https://chmic.ca/promo-all-rates-product-details-ontario-mortgage-brokers-2/ #### PROMO All Rates & Product Details - Ontario Real Estate Investors URL: https://chmic.ca/promo-all-rates-product-details-ontario-real-estate-investors/ #### PROMO All Rates & Product Details - Ontario Real Estate Investors URL: https://chmic.ca/promo-all-rates-product-details-ontario-real-estate-investors-2/ #### RDI Changes - Frequently Asked Questions URL: https://chmic.ca/rdi-changes-frequently-asked-questions/ #### Real Estate Indicators Checklist from Calvert Home Mortgage Investment Corporation URL: https://chmic.ca/real-estate-indicators-checklist-from-calvert-home-mortgage-investment-corporation/ #### Real Example with Low Down Payment Options URL: https://chmic.ca/how-to-compare-real-estate-lending-options-why-speed-structure-matter-as-much-as-rate/real-example-with-low-down-payment-options/ #### Rebecca Popoff URL: https://chmic.ca/rebecca-popoff/ #### Recently Funded Deal. URL: https://chmic.ca/recently-funded-deal/ #### Reece van Krauss Shead URL: https://chmic.ca/the-team/reece-van-krauss-shead/ #### regina headshot URL: https://chmic.ca/regina-headshot/ #### Renovation Budget Checklist URL: https://chmic.ca/renovation-budget-checklist/ #### Renovation Budget Checklist URL: https://chmic.ca/renovation-budget-checklist-2/ #### Renovation Budget Checklist URL: https://chmic.ca/renovation-budget-checklist-3/ #### Renovation Budget Checklist - Example URL: https://chmic.ca/renovation-budget-checklist-example/ #### Rob Maver October 2024 (2) URL: https://chmic.ca/rob-maver-october-2024-2/ #### Robin - revSZ (002) URL: https://chmic.ca/robin-revsz-002/ #### Ryan Day URL: https://chmic.ca/shareholders/ryan-day/ #### Ryan Day 2025 URL: https://chmic.ca/ryan-day-2025/ #### Ryan Day on Episode 13 of the Deal Estate Wholesaling Podcast Ryan Day of Calvert Home Mortgage was a guest on the Deal Estate Wholesaling Podcast, episode 13. #### ryan new URL: https://chmic.ca/the-team/ryan-new/ #### Sam Shankel Underwriting, Calvert Home Mortgage Investment Corporation #### self wealth URL: https://chmic.ca/learn/self-wealth/ #### Self-Managing vs Hiring a Property Manager - Pros and Cons for Real Estate Investors Calvert Home Mortgage Investment Corporation - mortgages built for real estate investors #### September 2018 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/september-2018-monthly-economic-report-real-estate-benchmark/ #### September 2019 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/september-2019-monthly-economic-report-real-estate-benchmark/ #### September 2020 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/september-2020-monthly-economic-report-real-estate-benchmark/ #### September 2021 - Monthly Economic Report - Real Estate Benchmark Version 4 URL: https://chmic.ca/september-2021-monthly-economic-report-real-estate-benchmark-version-4/ #### September 2021 Flip of The Month URL: https://chmic.ca/september-2021-flip-of-the-month/ #### September 2022 - Monthly Economic Report - Real Estate Benchmark URL: https://chmic.ca/september-2022-monthly-economic-report-real-estate-benchmark/ #### September 2022 Flip of the month URL: https://chmic.ca/september-2022-flip-of-the-month/ #### September 2023 - 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Short-Term Mortgage Lender for Real Estate Investors, Mortgage Brokers, and Homeowners in Alberta and Ontario #### tom-rumble-7lvzopTxjOU-unsplash Frequently Asked Questions About Landlord-Tenant Laws in Ontario #### Tune In Soon to Real Estate and Wealth Podcast by Calvert Home Mortgage #### Unbranded - Flip Analyzer Tool for Alberta Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-alberta-real-estate-investors-3/ #### Unbranded - Flip Analyzer Tool for Alberta Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-alberta-real-estate-investors-2/ #### Unbranded - Flip Analyzer Tool for Ontario Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-ontario-real-estate-investors-2/ #### Unbranded - Flip Analyzer Tool for Ontario Real Estate Investors URL: https://chmic.ca/unbranded-flip-analyzer-tool-for-ontario-real-estate-investors-3/ #### Untitled design URL: https://chmic.ca/untitled-design-2/ #### Untitled design (1) URL: https://chmic.ca/untitled-design-1/ #### Velocity URL: https://chmic.ca/lp-house-flipping/velocity/ #### Velocity_logo URL: https://chmic.ca/lp-house-flipping/velocity_logo/ #### Violet URL: https://chmic.ca/violet/ #### Waterstone Canada's Most Admired Corporate Cultures 2022-2023 URL: https://chmic.ca/calvert-home-mortgage/waterstone-canadas-most-admired-corporate-cultures-2022-2023/ #### Waterstone Canada's Most Admired Corporate Cultures 2022-2024 Calvert Home Mortgage Investment Corporation - 2022-2024 #### Waterstone Human Capital URL: https://chmic.ca/the-team/cma_ws1/ #### Waterstone Human Capital “Canada’s Most Admired Corporate Culture” Award – 2022-2025 URL: https://chmic.ca/the-team/waterstone-human-capital-canadas-most-admired-corporate-culture-award-2022-2025/ #### Waterstone Human Capital “Canada’s Most Admired Corporate Culture” Award – 2022-2025 URL: https://chmic.ca/the-team/email-signature-cma-corporate-culture-award-2022-2025-2/ #### well off podcast URL: https://chmic.ca/well-off-podcast/ #### Well off promo photo URL: https://chmic.ca/well-off-promo-photo/ #### What do the Proposed Capital Gains Changes Mean for Real Estate Investors Real Estate Investing, Canadian Real Estate, Canadian Housing #### What the New Anti-Flipping Tax Rule Means for Real Estate Investors URL: https://chmic.ca/new-anti-flipping-tax-rule/what-the-new-anti-flipping-tax-rule-means-for-real-estate-investors/ #### What the New Anti-Flipping Tax Rule Means for Real Estate Investors What the New Anti-Flipping Tax Rule Means for Real Estate Investors by Calvert Home Mortgage #### White Paper - Real Estate Investing and Flip Mortgages (Feb 2024) URL: https://chmic.ca/white-paper-real-estate-investing-and-flip-mortgages-feb-2024/ #### Wholesalers in Alberta & Ontario (updated May 2025) URL: https://chmic.ca/wholesalers-in-alberta-ontario-updated-may-2025/ #### Wholesalers in Ontario (updated May 2025) URL: https://chmic.ca/wholesalers-in-ontario-updated-may-2025/ #### Wholesalers in Ontario (updated May 2025) URL: https://chmic.ca/wholesalers-in-ontario-updated-may-2025-2/ #### Why Low Down Payments Are a Game-Changer for Real Estate Investors Low Down Payment Options with Calvert Home Mortgage Investment Corporation - As Little As $10K on Flip/BRRRs