Updates on the last financing, rates and products available
There are currently 6 blog entries related to this category.
Tuesday, April 9th, 2013 at 11:20am. 1164 Views, 0 Comments.
Spring is in the air, and this week’s Lovely Links are spring-inspired! We’ve got the best from the web in Real Estate, Mortgages, Home Décor, Renovating, DIY Projects, Entertaining, Gardening, and of course, Our Favourite Pin!
What do first-time homebuyers look like across the country? Are you average? Find out here.
If you’re a first-time homebuyer, the whole process may be overwhelming. This article from Househunting explains how the tighter mortgage rules are actually meant to help homebuyers avoid huge debt. Read more here.
Have a small space? Decorate it properly to make the most of the space that you do have. These six ideas from Style at Home are sure to help you out.
If you’re thinking of renovating your…
Friday, March 22nd, 2013 at 10:45am. 197 Views, 0 Comments.
There was plenty of great stuff going on online this week, and we want to share our favourites with you! So here are our Lovely Links for the week, celebrating the best in Real Estate, Mortgages, Home Décor, Renovating, DIY Projects, Entertaining & Holidays, Gardening, and last but not least: Our Favourite Pin!
A record has been set for MLS in the Calgary luxury condo market with nine sales in March. Get all the details here.
Ottawa to limit taxpayers’ exposure to mortgage market – from the Globe and Mail.
From Style at Home, Steven & Chris show us a fresh spring colour palette. See it here.
Thinking of doing some renos? HGTV breaks down the costs of the most common renovations.
We talked about…
Thursday, September 13th, 2012 at 12:52pm. 626 Views, 0 Comments.
In June of this year the Government of Canada announced changes to mortgage rules and mortgage qualifying. Practically speaking the largest change is the reduction of the maximum mortgage amortization from 30 years to 25. Along with this change was a reduction in the maximum amount a person could refinance a home they already own, along with the maximum purchase price of a home the qualifies for CMHC mortgage insurance.
The most significant change is the reduction of maximum mortgage amortization length to 25 years, from 30. The effect of this change is that it will reduce the maximum amount a borrower is able to qualify for. Why we consider this change to be the most significant is due to it being the most likely to affect the largest amount of…
Friday, January 20th, 2012 at 9:58am. 1771 Views, 0 Comments.
Today's post is courtesy of Tyler Tost, owner and broker at Conexia Mortgage. It was also a feature in our January 2012 edition of Smart Calgary Homes News! Check it out (and subscribe!) here.
Currently, we are in a very low interest rate environment in Canada. Interest rates move in cycles, right now we are likely near the bottom of the interest rate cycle.
As we enter 2012, the economic forces that have kept our interest rates very low over the past few years will likely continue well into the year. The factors that will have the strongest impact on our interest rates over this year are the ongoing European fiscal crisis, an election year in the US, and the rate of growth in the developing world.
According to the Bank of Canada, Canadian 5-year…
Wednesday, September 15th, 2010 at 10:48am. 1959 Views, 3 Comments.
The latest page up on our site is about Cliff Bungalow real estate. Like many Calgary neighbourhoods, Cliff Bungalow was built on land annexed directly from the Canadian Pacific Railway.
The CPR heavily influenced the development of Calgary, being a driving force in the city’s growth, economy and layout. It also had a significant influence on the development of Calgary neighbourhoods, establishing boundaries and layouts that linger on, even today.
Canadian Pacific Railway in Calgary: The Beginning
In August 1883, the banks of the Elbow River were lined with merchants and businessmen who had come to take advantage of the completion of the Canadian Pacific Railway. The CPR was to open Calgary up to the East and provide a corridor for…
Tuesday, March 30th, 2010 at 9:13am. 491 Views, 0 Comments.
Yesterday Royal Bank of Canada announced it was raising its 5 year fixed mortgage rate by 0.6% and most of the other big banks followed. The lower term mortgages of 3 and 4 years also were increased. The days of historically low mortgage rates are starting to come to an end.
Bank prime rate remains at a low 2.25% for people who opt to go for a variable rate mortgage. Variable vs. fixed rate mortgages are often debated and there are excellent arguments for both. At the end it boils down to the level of risk that you feel comfortable with when taking on a mortgage.
On a positive note. . . MY MORTGAGE AGENT HAS CONFIRMED THAT SHE CAN STILL LOCK IN MY CLIENTS WITH A 3.89% 5 YEAR FIXED MORTGAGE! This will not last for much longer and can change…
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