Given The COVID-19 pandemic and it’s impact in the housing economy CMHC announced changes to its mortgage insurance underwriting criteria on Thursday June 4th. Effective July 1st the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance through CMHC. The maximum gross debt service (GDS) ratio drops from … Continued

  If you’ve been looking for a great new Calgary neighbourhood to call home, it’s time to give Origins at Cranston a closer look. Set in the southeast part of the city, the community is close to Stoney Trail and Deerfoot, which makes it easy to get anywhere in the city. With its family-friendly atmosphere and easy … Continued

Whether you’re trying to upgrade or downsize your home, you know the ability to sell your current home for the best price is going to have a big effect on your situation. You never know what the housing market will hold, but you can make some predictions by looking at trends.

When you’re thinking about buying your first home, getting a roommate is probably the last thing on your mind. However, there are plenty of good reasons for a single professional to consider the option. With the right floor plan, you’ll be glad to have someone else sharing your space.

As you shop for a new home, you know that the community is going to play an important role in your decision. You want a community that’s conveniently located and has all of the amenities you need for daily life. It’s not hard to find a neighbourhood that has it all. Check out the lovely … Continued

While most new home purchases go through without a hitch, you can get thrown for a loop if you’re not prepared for the closing costs. You know you have to save for a down payment of at least five percent to purchase, but you can’t forget to budget for all the other expenses you’ll have to pay … Continued

One of the biggest advantages you have when looking for a new condo is the variety of styles available. While there’s no doubt you’ll be able to find exactly what you want, narrowing down your choices means you need to ask yourself (and maybe a few professionals) a few questions to determine exactly what you want and … Continued

Whether you’re thinking about buying a new home, selling your home, or both, it’s smart to get a sense of what’s going on with the Calgary market. Trends can help you decide whether now’s the right time to make your move or whether it might be better to wait a few more months. 

Starting January 1, 2018, the Bank of Canada is making some changes to the mortgage rules for uninsured borrowers that can affect your ability to purchase a home. In short, anyone with a 20 percent or greater down payment  will now have to pass a “stress test” to ensure they can handle potential increases in mortgage rates. 

There’s nothing like the feeling of getting ready to buy your first home – the excitement and joy is something you won’t soon forget. There are so many details, it may feel a bit overwhelming. Fortunately, you aren’t on your own here; there are plenty resources available for first-time home buyers just like you.