Canadian Housing Market
What is the average home price in Alberta?
Approximately $493,549 as per the Canadian Housing Market Report July 2024
Which business dynamic has the highest success rate?
1) Male Owned/Run 2) Female Owned/Run 3) Male and Female Owned/Run
3 - Male and Female Owned/Run
Who can contribute to an RESP?
What should be the first step in purchasing a home?
Getting pre-approved for a mortgage
Horses
What is the estimated forecast for the average house price in 2025?
$520,000
$2.50 - except cash/coin purchases. efts, wires, bank drafts ect.. have additional charges.
When can you cash a non-redeemable GIC?
When the account holder passes away, or if the account holder can prove financial hardship (which is near impossible)
What is principal?
What is equity?
The amount of money borrowed or still owed on a mortgage.
The difference between the market value of a home and the outstanding mortgage balance.
What is my favorite hobby?
Photography
What is the Home Buyers Plan?
A program that allows first-time home buyers to withdraw funds from their RRSP or FHSA to buy their first home.
For the Business Premium Account - What is the minimum balance required to waive the monthly fee?
$75,000
RDSP stands for what?
Registered Disability Savings Plan
What is the purpose of a mortgage stress test?
To ensure borrowers can afford their mortgage.
What are my kid's names
Shawn and Jesse
What is the average cost of rent in the Edmonton area for a 1,2 or 3 bedroom home?
1 - $1397 (up 16% from last year)
2 - $1725 (up 15% from last year)
3 - $1975 (up 12% from last year)
What is W by ATB?
Inclusive business banking services and advice to power possibility for women-led businesses looking to grow.
How many types of investment savings are there?
7 - TFSA, GIC/CIC, MUTUAL FUNDS, USD, FHSA, PRECIOUS METALS, HISA
What is the down payment required for a conventional mortgage?
How do I drink my water?
Always flavored, sometimes mint, lemon and lime
What is the average mortgage payment in Edmonton?
$1738.00
Where do you find information on old accounts that no longer exist?
On ATB.COM under business accounts, open a business account, scroll down to terms and conditions, open additional charges..
How many compass portfolios are there?
6 - Compass Conservative, Compass Conservative Balanced, Compass Balanced, Compass Balanced Growth, Compass Growth, Compass Maximum Growth
What is the difference between a mortgage term and amortization?
The mortgage term is the length of time you are committed to the mortgage rate, lender and conditions; the amortization period is the total time over which you will pay off your mortgage.
What are my favorite holidays and why?
Halloween and Christmas - Decorating and/or dressing up (tees/sweaters)