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…
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…
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…
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…
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…
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…
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…
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.…
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…