Calgary Realty Team

Just a quick note that I discovered some information on rate increase today from a reliable source in the lending Industry. It looks like as predicted, mortgage rates will inch up further tomorrow, another example of tighter lening considerations that have progressed in the first quarter of 2011. It will be interesting to see what the after effects of this increase will be on the real estate ...

If you are thinking of purchasing a home in 2011 you need to take some crucial steps to make qualifying easier for you and ensure that you get an excellent interest rate. IT WILL BE EASIER TO QUALIFY IN THE FIRST 3 MONTHS OF 2011.

1. GET A RATE HOLD THROUGH A LICENSED MORTGAGE BROKER

**Very important first step, this will lock in an interest rate for you lasting 120 days. This means if inte ...

What do the new mortgage rule changes mean to homeowners and potential homeowners in Canada, and more specifically Calgary. First off it is important to understand what exactly has changed and how these changes will effect you. Here are the recent changes

1. LIMITED THE MAXIMUM AMORTIZATION PERIOD DOWN TO 30 YEARS

- This change is fairly straight forward, 5 years less to pay off the mortgag ...

First Time Buyers - Buying in December 2010

Many potential buyers have been sitting on the fence in the last few months speculating on home values, moreover waiting for prices to slide further. Last month 887 sinlge family homes sold in calgary and 309 condos sold in the same month. The stats for september single family sales were 957 with condo sales rounding off the month at 366, showing a slight drop month over month. some say this ...

How to get your Calgary home SOLD in the fall of 2010

Yet another reason to strategically market your home for a successful sale can be found when considering the market inventory Calgary currently has. There are currently 7496 Active listings of Condo and Single Family Homes in the Calgary metro area. Out of these active listings 2571 are vacant. This accounts for a whopping 34% of total actives being vacant which definitely suggests there are ...

I spoke with a good friend of mine recently who was looking into pursuing a home that was offering an assumable mortgage. He explained to me that this was the absolute best way to get into his first home without putting any money down. Just thought I’d make some suggestions on the topic as a result of that conversation.

Assumable mortgages offer an attractive option to anyone who doesn’t have ...

 

Many people are already aware of the major multi-million dollar east village development project taking place east of city hall downtown. This project looks absolutely amazing and I will be taking it upon myself to provide updates on the construction progress as it happens. Demand for a cultural and social hotspot in Calgary has been growing tenaciously over the years and now Calgarian’s ca ...

I spoke with a client of mine who mentioned that prices have declined drastically from the same time last year based on an article he had read on the decline of the actual single family units sold. With respect to the 32% decrease in sold units year over year from Aug 09 to Aug 10, I think a little more information would be helpful for clarification.  In a recent post I spoke of the decline f ...