Innovative Mortgage Solutions

Welcome! We appreciate you taking the time to visit our website. Located in Sherwood Park, mortgages are our specialty. We have compiled some general mortgage information as an introduction to the scope of our company.

The Innovative Mortgage Solutions team’s primary focus is to provide you – our customer – with a unique combination of invaluable choice, and personalized, exemplary service.

In meeting with you on a one-on-one basis to discuss your mortgage in Sherwood Park, we are able to fully comprehend your individual financial position and goals, making us better equipped to negotiate the appropriate mortgage for you.

Our goal is to develop long term relationships with customers and referral partners – relationships that are not limited to a single transaction, but rather those that will remain long after we complete the mortgage process.

Whether you are ready to jump into the application process, or simply want to discuss your mortgage options with a qualified mortgage broker in Sherwood Park, we welcome you to contact the Innovative Mortgage Solutions team today!


Current Mortgage Rates

1 year 2.29%
2 year 2.09%
3 year 2.24%
4 year 2.54%
5 year 2.59%
7 year 3.39%
10 year 3.84%
ARM/Variable 2.05%
HELOC 3.20%

**Rates last updated Oct 9, 2015. On approved credit, rates are subject to change without notice.


Bank of Canada Announcement
September 9th, 2015

The Bank of Canada announced this morning that they will be keeping the benchmark interest rate at 0.5 percent, citing that “the stimulative effects of previous monetary policy actions are working their way through the Canadian economy.” While Canada saw two consecutive quarters of shrinking GDP in the first half of 2015, signs of recovery are evident in the biggest two-month gain in exports since 2011 and the creation of 193,000 jobs in the 12 months through August – signs which are atypical of normal recession patterns.


According to the Bank of Canada Governor Stephen Poloz, “economic activity continues to be underpinned by solid household spending and a firm recovery in the United States, with particular strength in the sectors of the U.S. economy that are important for Canadian exports.”

Canada’s resource sector faces continual adjustments in response to lower prices for oil and other commodities, the Bank stating that these “adjustments are complex and are expected to take considerable time.” The drop in energy prices has kept total inflation near the bottom end of the Bank’s target range of one to three percent, while core inflation has remained near two percent due to the drop in the Canadian dollar and some sector-specific factors.

Although Economists are predicting a stronger third quarter for Canada, questions are being raised about the overall pace of global recovery amid uncertainty of growth prospects in China and other emerging markets. This increased uncertainty has led to heightened volatility in financial markets.

The Bank of Canada’s next rate announcement will take place on October 21st, at which point they will also release their next Monetary Policy Report outlining their updated outlook for the economy and inflation within Canada.

Announcing the IMS Get to Know Us Series
August 31st, 2015


In keeping with the personal touch we strive to deliver throughout the mortgage process, Innovative Mortgage Solutions is excited to announce an upcoming blog series that will feature one member of the IMS team every week.

GTKUWe believe that it is important to get to know our clients and their situations, because not all mortgage options work for every home buyer. We take great pride in offering exceptional, personalized service every step of the way and thought we would take this opportunity to turn the tables and allow you to learn a little more about us. 

Be sure to check our blog every Monday for our team updates and don’t forget to follow us on Facebook and Twitter for fun giveaways, trivia and the latest in mortgage news.

Bank of Canada Announcement
July 15th, 2015



Bank of Canada Governer Stephen Poloz

Today, the Bank of Canada announced that they’ve lowered their key interest rate for the second time in 2015 – dropping from 0.75 percent to 0.5 percent. According to the BoC, “additional monetary stimulus is required at this time to help return the economy to full capacity and inflation sustainably to target.”

The bank had projected a growth of 1.8 percent for the second quarter, however it is now expected that the economy contracted at an annualized 0.5 percent. The bank has also pushed back their projection of when the economy will return to full output, citing that it will reach this target in the first half of 2017 instead of by the end of 2016.

Although the BoC did not use the word ‘recession’ in their update, the most widely accepted definition of the word states that a recession occurs when two consecutive quarters of shrinking GDP are witnessed; something that Canada has seen in the first two quarters of 2015. Immediately after the rate cut news was announced this morning, the loonie dropped by more than one cent – hitting 77.57 cents US.

The bank estimates the underlying trend in inflation to be 1.5 to 1.7 percent, and expects growth in the Canadian GDP to resume in the third quarter.

One of the first major lenders in Canada to react to this morning’s news was TD Bank, who lowered their rates by 10 basis points to 2.75 percent. Although lenders are not obligated to adjust their rates according to the BoC’s benchmark rate, their cost of borrowing is affected and they tend to pass these savings (or higher costs) on to consumers.

For up-to-date information on additional lender responses to this rate cut, be sure to follow us on Facebook or Twitter. If you have questions about your mortgage or what this means for you, please feel free to contact our office and speak to one of our Mortgage Brokers today.


Blog Articles

  • Get To Know Us Series – Kris
    October 5th, 2015

      How did you get into your current job position? I was brought into the industry almost 10 years ago by a Broker that my wife was working for as...
  • Get to Know Us Series – Brieanne
    September 30th, 2015

      How did you get into your current job position? I worked for one of the big 5 banks right out of high school. My last position at the bank...
  • Get to Know Us Series – Paulette
    September 21st, 2015

    Introducing Paulette Vroman, Innovative’s Mortgage Brokerage Assistant and administrative extraordinaire! 1. How did you get into your current job position? I saw an advertisement on the Internet one morning in...

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