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Can Renovation Costs be added to a Mortgage?

Renovating your home can be an exciting prospect, whether you’re a first-time home buyer, or a seasoned homeowner. Renovations can enhance your home’s layout, update spaces, and even add value to your property. However, financing large-scale renovations can be a challenge if you don’t have the cash on hand. Here’s how you can incorporate renovation…

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…

Porting a Mortgage: Your Guide to Making the Right Move

You’ve decided it’s time to move, but what about your mortgage? You’re only a few years into your term, you have an excellent interest rate, and market rates are climbing. What should you do? Porting your mortgage might be the answer. Here’s a comprehensive guide to help you understand what it means to port a…

Unlock the Potential of Your Home with a HELOC!

Let’s demystify some financial jargon, shall we? Enter HELOC—Home Equity Line of Credit—a valuable tool that allows you to leverage the value of your property for various credit products. But fear not, we’ll break it down for you in simple terms. HELOC is like your trusty credit card but with a twist—it taps into the…

Calgary Council Rejects Plebiscite for Proposed Rezoning

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…

Is Now Your Ideal Time to Buy a House in Calgary

If you’ve been contemplating buying a home in Calgary, there’s no better time to make your move. Despite the challenges posed by the current real estate market, Calgary stands out as a promising destination for prospective homebuyers. Here’s why:   1. Record High Rental Prices   According to recent data, Canada’s average rent price hit…

Supporting Mental Health: Partnering with Distress Centre Calgary

At Canadian Mortgage Professionals, we understand the importance of supporting mental health initiatives in our community. That’s why we’re excited to announce our continued partnership with Distress Centre Calgary!   About Distress Centre Calgary Distress Centre Calgary has been providing 24/7 crisis support to individuals in need for over 50 years! They offer a confidential…

Supporting Alberta Animal Rescue Crew Society: A Partnership for a Pawsitive Cause

At Canadian Mortgage Professionals, we believe in making a positive impact on our community. That’s why we are thrilled to announce our continued partnership with the Alberta Animal Rescue Crew Society (AARCS). About AARCS The Alberta Animal Rescue Crew Society is a non-profit organization dedicated to rescuing and rehabilitating abandoned, abused, and surrendered animals in…

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.…