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.…

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…

The Benefits of Using Canadian Mortgage Professionals When Going Through a Divorce

The Benefits of Using Canadian Mortgage Professionals When Going Through a DIVORCE   With our broker Bob, having 35 years of experience in the mortgage industry, he has helped hundreds of Canadians mitigate the financial aspect of divorce over the years. We understand divorce can be a complex and emotionally challenging process. Amidst the legal…

Debt Consolidation – How Canadian Mortgage Professionals Can Help

With interest on car loans, credit cards, and other debt being significantly higher than mortgage rates, let us help you put a significant amount of your hard-earned cash back in your pocket every month. This savings number can be $100’s, or potentially even $1000’s depending on your scenario, and especially considering current economics. Please feel…

Proposed New Mortgage Regulations

Proposed New Mortgage Regulations Be prepared – Stricter rules around qualifying for a mortgage could be coming this spring. Canada’s banking regulator OSFI (The Office of the Superintendent of Financial Institutions) proposed three new regulations that could further restrict mortgage lending. A review is underway. Potential additions come as OSFI is saying risk around loans…

Cash-back trap

Caution with Cash-Back Mortgages

Caution with “Cash-back Mortgages”! Cash-back mortgages are being marketed more in recent months. We extend a word of caution and recommend you ask for, and understand the fine print before proceeding. Short-term financial gain may lead to long-term repayment pain. One common fine print consideration – Most often if you refinance, or break your mortgage…