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.…

Your Calgary Guide to First Home Savings Accounts: Decoding CRA’s FHSA’s

First Time Homebuyers Alert! This is for you!!   If you’ve ever wondered about the ins and outs of First Home Savings Accounts (FHSAs) and how they can impact your journey to homeownership, you’re in the right place. We’re here to break down the recent insights shared by the Canada Revenue Agency (CRA) and make…

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…

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…