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 2.24%
3 year 2.24%
4 year 2.54%
5 year 2.69%
7 year 3.44%
10 year 3.84%
ARM/Variable 2.30%
HELOC 3.20%

**Rates last updated Nov 30, 2015. On approved credit, rates are subject to change without notice.


Bank of Canada Announcement
October 21st, 2015
Bank of Canada Governer Stephen Poloz

Bank of Canada Governer Stephen Poloz

Today, the Bank of Canada announced that it will be keeping its overnight lending rate at 0.5%, despite the impact of low oil prices on the Canadian economy.

According to a statement released by the bank, the economic projections set forth in July are unfolding as expected, with growth for 2015 coming in at 1.1%.  “Signs of strength” in industries outside of the resource sector can be attributed to the low Canadian dollar and solid growth in the United States. The bank expects household spending to increase at a “moderate pace.”

Important to note, however, is that the growth in non-resource industries is not expected to completely offset the economic effects of the oil slump. The bank has lowered its expectations for the rest of 2015 as well as 2016 and 2017, citing that it is expected to take years for the economy to adjust to the decreased business investment and resource exports due to low commodity prices. Policy makers expect capital spending by oil and gas firms to fall about 20% in 2016.

The bank projects that the economy will expand by 2% in 2016 and up to 2.5% in 2017. Immediately following the announcement, the Canadian dollar plunged by 0.8 of a cent and continued to decrease throughout the day – ending off at 76.11 cents US.

The Bank of Canada is slated to meet again on December 2, however economists are predicting the overnight lending rate to hold steady at that point as well.

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.


Blog Articles

  • Get to Know Us Series – Mike
    November 9th, 2015

      How did you get into your current job position? I graduated from the University of Alberta in 2001 with a Business degree majoring in Finance. From there, I began...
  • Get to Know Us Series – DeeDee
    October 26th, 2015

      How did you get into your current job position? For many years I have been involved real estate development, including owning, developing and managing income properties.  The mortgage industry...
  • Bank of Canada Announcement
    October 21st, 2015

    Today, the Bank of Canada announced that it will be keeping its overnight lending rate at 0.5%, despite the impact of low oil prices on the Canadian economy. According to...

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