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…
What Does This Mean for Homeowners looking to add potential housing and income through rentals to their existing land. In a recent decision that could significantly impact the future of Calgary’s residential landscape, the City Council voted against holding a plebiscite(vote) on the proposed blanket rezoning initiative. This move comes amidst heated debates surrounding the…
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…
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.…
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 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…
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 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…
Home appraisers look at two key things when making their home assessment.
CO-SIGNING A MORTGAGE With our current real estate market, getting a Mortgage is not as easy as it has been in the past. With rising rates, and more qualification criteria, it is certainly more challenging. But don’t worry – There are many ways that home buyers can get approved more easily. One of the most…