Contract signing with three people illustration

Know the Risks of a No-Conditions Offer!

In today’s competitive Calgary housing market, low inventory often pressures buyers to make no-conditions offers. While appealing to sellers, these offers carry significant risks. Understanding No-Conditions Offers A no-conditions or “clean” offer eliminates the usual buyer protections, such as financing approval, home inspections, and sale of the buyer’s current home. This can expedite the sale…

CBC Investigation Reveals Bank’s Interests!

Using a “Stand-A-Lone” Mortgage Broker Matters  –  A Commitment to Client Interests & Exposing the Truth Behind Bank Practices. We can all agree, in the world of financial services, trust and transparency is paramount. With that said, Recent revelations from a unique CBC investigation shed light on the unsettling reality within some of Canada’s largest…

Navigating Calgary’s Real Estate Landscape in 2024: Insights from Your Trusted Mortgage Broker!

As we step into a new year, the Calgary real estate market is at a crucial juncture, with various factors shaping its trajectory. In this blog post, we bring you an in-depth analysis of the 2024 real estate outlook and how it might impact your decisions in the housing market. The Current Landscape After a…

2023 Calgary Housing Market Illustration

A Condensed Review of Calgary’s Housing Market in 2023

Calgary’s real estate landscape in 2023 was characterized by robust sales, unique shifts in buyer preferences, and persistently low supply, making it a dynamic year for both buyers and sellers. In this blog post, we delve into the key trends that shaped the market and explore the factors that drove housing prices throughout the year.…

Illustration of Book with Mortgage Charter written on it with Canadian Mortgage Professionals Logo on book cover

A Need-to-Know Summary! The New Canadian Mortgage Charter: How Calgary Homeowners Can Take Advantage!

In the recent Fall Economic Statement (FES), the Liberal government introduced the Canadian Mortgage Charter (CMC) as a measure to assist homeowners facing financial challenges amid rising interest rates. This initiative aims to provide clear guidelines for financial institutions on how to support vulnerable borrowers. In this blog post, we’ll break down what the Canadian…

OSFI Responds to Industry Feedback

Good news from Canada’s Banking Regulator! After nine months of discussions with industry stakeholders, the Office of the Superintendent of Financial Institutions (OSFI) has decided not to move forward with certain proposed mortgage regulations. OSFI has confirmed that they won’t pursue two of their proposed regulations: debt-to-income (DTI) restrictions and debt service loan coverage restrictions.…

MHTRC Tax Credit

Maximizing the Benefits of the Multigenerational Home Renovation Tax Credit (MHRTC)

Are you considering enhancing your living space to accommodate a multigenerational household? The Canada Revenue Agency (CRA) has introduced an exciting opportunity to make this a reality with the new Multigenerational Home Renovation Tax Credit (MHRTC). This valuable credit assists Canadians in transforming their homes by creating secondary units for family members aged 65 and…

Seizing the Opportunity: Canadians Embrace the New First Home Savings Account

Canadian banks are reporting a surge in interest in the newly introduced First Home Savings Account (FHSA) program. This innovative initiative empowers potential homebuyers to kickstart their homeownership journey by saving and investing for a down payment, all while enjoying tax-free benefits! At Canadian Mortgage Professionals, we’re thrilled to keep you in the loop about…